Capitol to Courthouse Florida Insurance Report: Friday, December 13
Dec 13, 2013
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
9:00 a.m.–Florida Citizens Property Insurance Corporation Board of Governors meeting. Winter Park, Florida. Teleconference: (888) 942-8686; conference ID: 5743735657#. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Lawmaker: Citizens $1 million attorney is ‘insider government giveaway’
Troubled Citizens Property Insurance is proposing to spend more than $1 million annually on an attorney who, according to the job description, wouldn’t spend much time in a courtroom, the Miami Herald’s Kathleen McGrory blogs for “Naked Politics.”
Florida legislation in pipeline to offset national flood insurance hike
State legislation is being drafted to attract private insurers to provide flood coverage in Florida as the latest attempt to ward off a federal rate hike has been rebuffed in Congress, THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Ft. Myers News-Press.
Scott to push for $400 million cut in vehicle fees
Gov. Rick Scott announced in Tampa on Thursday he will call on lawmakers to pass more than $400 million in cuts to vehicle registration fees next year. If implemented, vehicle registration and license fees would fall by an average of $25, The Florida Current’s Gray Rohrer reports.
Florida Insurer to Offer Electric Bicycle Coverage
A Florida insurance agency has launched a new stand-alone insurance policy designed to cover electric-assisted bicycles, Insurance Journal reports.
Don Gaetz Backs Statewide Vote on Casinos
Senate President Don Gaetz said Thursday voters should probably weigh in on whether the state opens the door to Las Vegas-style casinos, posing another hurdle for out-of-state operators eager to start doing business in South Florida, THE NEWS SERVICE OF FLORIDA’S Dara Kam reports via SunshineStateNews.com.
Crunch time for medical marijuana campaign
While Florida Supreme Court justices ponder medical marijuana’s legal language, supporters of the petition campaign to legalize the herb’s medicinal use plan a nine-city “day of action” this weekend to meet a looming deadline for getting on the 2014 Florida ballot, The Florida Current’s Bill Cotterell reports.
Federal Insurance Office Releases Long-Awaited Modernization Report
After nearly two years of delay, the U.S. Department of the Treasury’s Federal Insurance Office released its report on how to modernize and improve the system of insurance regulation in the United States, Insurance Journal reports.
- Long-Awaited FIO Report Released; Attempts to Re-Frame State Vs. Federal Debate
- New York Times: Treasury Urges More Federal Oversight of Insurance
- Wall Street Journal: U.S. Treasury Recommends Federal Oversight of Mortgage Insurers
- R-Street Blog: Insurance shows that federalism works
- U.S. Treasury wants federal oversight of mortgage insurers
Louisiana Citizens Insurance Depopulation Highest in Five Years
The total policy count for Louisiana Citizens Property Insurance Corp. (Citizens) is dropping below 95,000 personal and commercial policies following the latest round of the Citizens depopulation program, Insurance Journal reports.
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