Capitol to Courthouse Florida Insurance Report: Wednesday, November 14
Nov 14, 2012
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1:30 p.m.-Federal Advisory Committee on Insurance meeting. Discussion topics include flood insurance in the aftermath of Hurricane Sandy and an update on the Federal Insurance Office’s engagement with the International Association of Insurance Supervisors. To access a live webcast, click here.
A broad coalition of free-market organizations, taxpayer watchdog groups, and environmentalists will be hosting a press conference and media availability event on Amelia Island, Florida on the morning of November 15, 2012.
Florida’s Republican leadership has slowly, reluctantly accepted that the Affordable Care Act is now the law of the land, but they say there are still too many unanswered questions regarding its implementation and costs.
- Florida Governor Rick Scott softens stance on Affordable Care Act; Incoming Florida House Speaker Weatherford still has questions
Incoming House Speaker Will Weatherford said Tuesday that rapidly mounting public pension obligations are “a ticking time bomb” for Florida government, so he will ask the 2013 Legislature to make all new state employees join market-driven investment plans rather than the traditional monthly retirement systems.
In the wake of another big spending election, incoming House Speaker Will Weatherford said Tuesday he wants to limit the dollars that flow into murky political spending committees run by leading Florida lawmakers.
Incoming House Speaker Will Weatherford said Tuesday he wants to be known as an “inclusive reformer” for the next two years, one who works more with Democrats than his predecessor, Dean Cannon, but also continue to push a conservative agenda.
Florida Secretary of State Ken Detzner is sending three representatives to St. Lucie County Wednesday to try to figure out how 799 votes disappeared in Sunday’s partial recount of the tight, nationally watched congressional race bemayotween Republican U.S. Rep. Allen West and Democrat Patrick Murphy.
A group tasked by Governor Rick Scott with reviewing the state’s “Stand Your Ground” self-defense law appears unlikely to recommend any major revamping of the statute, although it will make suggestions for additional study by lawmakers.
While one industry representative blasted states’ decisions to bar insurers from invoking hurricane deductibles after superstorm Sandy as an act of “political expediency” that will result in higher rates, another says he believes the state officials “acted within the letter of the law.”
The U.S. workers’ compensation line of business, which has faced significant challenges in recent years, received a respite in 2011 as employment and payrolls stabilized and overall net premiums written increased by 10 percent, according to an A.M. Best Co. special report.
Suitability sales issues continue to be an problem for an aging nation, and the NAIC has weighed in after a Government Accountability Office report warning on suitability questions involving insurance and investment product sales to veterans.
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