Capitol to Courthouse Daily Florida Insurance Report: Friday, February 18

Feb 18, 2011

 

 

 

To go directly to the section of your choice, click on a hyperlink below.   Other hyperlinks to meeting information, bills and news are noted in bold type.

 

 

 

Daily Florida Insurance-Related Events

 

  • 11:00 a.m. —  FWCJUA Rates and Forms Committee meeting. To view the meeting notice, click here.

 

 

Daily Florida Insurance-Related Bills Filed for 2011

 

SB 1182 relating to the State Board of Administration by Senator Jeremy Ring

SB 1182 would authorize the State Board of Administration (“Board”) to invest the assets of a governmental entity in the Local Government Surplus Funds Trust Fund without a trust agreement with that governmental entity.  The bill provides that certain investments made by the Board under a trust agreement are subject only to the restrictions and limitations contained in the trust agreement and clarifies provisions prohibiting certain conflicts of interest by investment advisers and managers retained by the Board.  Effective date:  July 1, 2011

 

 

Daily Insurance-Related News

 

Blog:  Lawmakers debate cutting a key tool for insurance regulators

Legislators on a House budget committee debated an idea Wednesday to eliminate the state’s public model to predict hurricanes that regulators use to check how insurers calculate premiums.

 

Gainesville insurance agent saves senior citizen from further loss after $17,000 con

A skeptical insurance company employee apparently kept an elderly Gainesville man from losing $4,000 more in a scam that had already cost him an estimated $17,000, according to the Gainesville Police Department.

 

Feds want clarification of federal judge’s health care ruling in Florida

Shortly after a Florida judge ruled the federal health care reform legislation unconstitutional, Florida sent back to the federal government $2 million in grants intended to help put some elements of the law in place.


Proposal to limit state revenue advances through Senate

The Florida Senate has moved one step closer to letting voters decide whether to place a constitutional limit on the growth of the state budget.

 

Florida Senate unveils bills to revamp pension plans

The state Senate rolled out its plan to revamp city and state pension plans, drawing immediate opposition from Florida’s largest law enforcement union.               

 

Blog:  Transportation Secretary LaHood gives Florida lawmakers one week to create deal to keep rail money Scott rejected

Florida lawmakers have one week to cobble together a complicated deal that would give the $2.4 billion Gov. Rick Scott rejected Wednesday to another entity, such as Amtrak. But it would require approval of Scott, Sen. Bill Nelson just announced.

 

Florida high court says overloaded system needs 90 judges.

A state court system “under duress” from a reduced budget, diminished staffing and rising caseloads driven by a record number of mortgage foreclosures requires an additional 37 circuit judges and 53 extra county judges for the upcoming fiscal year, the Florida Supreme Court concludes in a report released Thursday.

 

Spill claims administrator meeting Florida lawmakers

The embattled administrator of a $20 billion fund to pay claims from Gulf of Mexico oil spill victims is meeting with a Florida legislative panel.

 

Blog:  Democrats slam Medicaid reform as “stimulus” for Scott’s chain of clinics

The Florida Democratic Party took aim today at the Republican “rush to privatize Medicaid.”

 

Blog:  Gibbons, Thurston urged to make a deal on Democratic leadership

Democratic Representatives Franklin Sands and Luis Garcia sent a letter this month to Joe Gibbons and Perry Thurston to work out their differences and determine who will lead the caucus before the session begins next month.

 

Pro-choice advocates say Trujillo bill threatens to “chip away” at Roe v. Wade

House bill 321, the Pain Capable Unborn Child Protection Act, filed yesterday by state Representative Carlos Trujillo, R-Miami, represents the first time the Florida legislature has filed a bill to restrict abortion beyond 20 weeks.

 

Medical liability bill approved by U.S. House committee

Members of the U.S. House of Representatives Judiciary Committee on Wednesday voted 18-15 to approve the medical liability reform bill that Rep. Phil Gingrey, R-Ga., a physician, introduced late last month.

 

Government Accountability Office Report Lists National Flood Insurance Program Shortcomings; Calls For Reforms

The Government Accountability Office has sounded the alarm on National Flood Insurance Program shortcomings, and has called on Congress to restructure the program

 

Lawmakers question Texas Windstorm Insurance Association severance packages 

State lawmakers plan to grill officials of the Texas Windstorm Insurance Association on Tuesday, following the revelation that the insurer is paying more than $160,000 in severance to two top claims supervisors who left in December.

 

Dodd-Frank tensions headline U.S. Senate hearing

Republicans escalated their push to delay and defund the Dodd-Frank Wall Street reforms on Thursday as top regulators warned the U.S. Senate Banking Committee of a staff and funding crunch.

 

 

 

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