Capitol to Courthouse Florida Insurance Report: Monday, April 7
Apr 7, 2014
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
1:30 p.m.–Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Reinsurance Committee meeting. To view the agenda, click here.
Daily Florida Insurance-Related News
Bank of America Settles Forced-Place Insurance Claims for $228 Million in Miami Court
Bank of America Corp. agreed to pay $228 million to settle claims the bank overcharged for insurance homeowners were forced to accept when their regular policies lapsed, Bloomberg’s Susannah Nesmith and Christie Smythe report.
A bill moving through the Florida Legislature was refashioned Friday to take aim at the Hillsborough County Public Transportation Commission, reports Kathleen McGrory via the Miami Herald’s “Naked Politics” blog.
Parasailing reforms sail through state Senate
With two Pompano Beach parasailing deaths since 2007 as a backdrop, state senators on Thursday gave unanimous final passage to a bill that would impose stricter rules on commercial parasailing operators, Tonya Alanez reports for the Sun-Sentinel.
Bill takes on unlicensed health clinics
Clinics that take only cash would be subject to inspection, oversight, the Associated Press reports via News4Jax.com.
Experts to meet on impact of pharmaceutical drug bill on state workers insurance
Whether a Senate bill that would provide a price structure between pharmacy benefit managers and increase the price of medicine for state and university workers will be decided in an impact conference scheduled for Monday at the Capitol, Arek Sarkissian reports for The Florida Current.
As Lawmakers Pass Session’s Halfway Point, Here’s Where Issues Stand
Florida lawmakers have crossed the midpoint in their 60-day march to craft new laws, amend existing ones and agree on a roughly $75 billion budget for the next fiscal year, THE NEWS SERVICE OF FLORIDA reports via SunshineStateNews.com.
House panel approves pension overhaul
A House committee voted along straight party lines to close the Florida Retirement System to elected officials and top state managers Friday, despite impassioned arguments that Republicans are letting “the wolves of Wall Street” devour the pensions of hundreds of thousands of state and local government employees, The Florida Current’s Bill Cotterell reports.
Old tax breaks hang on, even as new ones pass
The Florida Legislature is proving this spring that it’s a lot easier to pass a new tax break than it is to get rid of an old one, explains Jason Garcia for the Orlando Sentinel.
Holly Merrill Raschein in Firm Command in Swing House District
As she gears up to run for a second term, Holly Merrill Raschein is in the strange but envious position of holding a huge advantage despite representing a swing district in the Florida House, SunshineStateNews.com’s Jeff Henderson reports.
Keith Perry Ramps Up Fundraising as Democrat Jon Ulman Enters House District 21 Race
Keith Perry is starting to go to work as he runs for his third term in the Florida House even as his Democratic challenger is off to a solid start, Jeff Henderson reports for SunshineStateNews.com.
Venture capital surges in South Florida
South Florida has dramatically improved its ability to attract venture capital, raking in more $300 million in 2013, Marcia Heroux Pounds reports for the Sun Sentinel.
Other states challenging wealthy taxpayers who claim Florida residency
Some of the influx of new wealthy residents to Florida are escaping from states like Minnesota, New Jersey and New York. States are going after the new residents for state taxes if they don’t think the residents are really Floridians, June Fletcher reports in this Naples Daily News subscription-access article.
Disaster investors upped bets in first quarter
Investors pumped $1.2 billion into catastrophe bonds in the first quarter of this year, dramatically increasing what amounts to a bet on a mild hurricane season this summer, MSNBC reports.
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