Capitol to Courthouse Florida Insurance Report: Monday, June 8, 2015
Jun 8, 2015
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Daily Florida Insurance-Related Events
There are no events scheduled for today.
Daily Florida Insurance-Related News
For now, legislators agree to $400 million in general revenue to hospitals, zero for doctor training
Budget conferees have agreed to target $400 million in recurring general revenue to hospitals – and, as of Saturday morning, to not fund graduate medical education. SaintPetersBlog.com’s Christine Jordan Sexton reports.
Rick Scott’s office on health care funding: “We are continuing to watch the process”
After making quick progress early on Saturday, legislative health care budget writers announced at 4 pm they wouldn’t meet again until Sunday. SaintPetersBlog.com’s Christine Jordan Sexton reports.
Jeff Atwater looks to computer hackers to provide more transparency in government
Florida Chief Financial Officer Jeff Atwater continued efforts to make government more transparent during a “hackathon” in Miami Saturday. He challenged participants to find a way to improve the way governments provide public information and communicate with consumers. SaintPetersBlog.com’s Janelle Irwin reports.
Latvala’s linkage: Old-fashioned budget horse trading in public
The second day of House-Senate budget negotiations Sunday was quieter than the first but Senator Jack Latvala, R-Clearwater, kept things interesting. Tampa Bay Times’ Steve Bousquet reports via “The Buzz” blog.
On Amendment 1 bonding, Florida House is standing its ground
The House’s latest budget offer would scrap using bonding to fund land acquisition. But don’t expect it to remain that way, Tampa Bay Times’ Michael Auslen reports via “The Buzz” blog.
Insurance Crime Bureau: Up to 10,000 Vehicles Impacted in Texas Floods
The recent flooding in Texas means the end of the road for an estimated 7,000 to 10,000 insured vehicles that suffered water damage, National Insurance Crime Bureau, Insurance Journal reports.
Guy Carpenter: June 1 Re Renewal Price Decreases Lessened
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. Mark Hollmer reports for Carrier Management.
NAIC Panel OKs New Universal Life Illustration Rules
A National Association of Insurance Commissioners’ committee approved new indexed universal life illustration guidelines, which are expected to be approved by the full NAIC in a conference call later this month, Arthur Postal reports for InsuranceNewsNet.com.
State Farm’s Rust Ends 30-Year Run as CEO
State Farm Mutual Automobile Insurance Co. said Edward Rust is stepping down as chief executive officer after three decades in the post and will be replaced by the company’s chief operating officer. Bloomberg’s Noah Buhayar reports via Carrier Management.
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