Capitol to Courthouse Florida Insurance Report: Thursday, April 16, 2015
Apr 16, 2015
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
Florida Board of Employee Leasing Companies meeting. St. Augustine, Florida. Continuation of the April 15 meeting.
Daily Florida Insurance-Related News
$1B Bond Sale to Bolster Florida’s Citizens Property Insurance “Just In Case”
Even though forecasters predict this year will produce the fewest named Atlantic storms since 1997, Citizens Property Insurance, which provides coverage when other insurers won’t take the risk, is selling as much as $1 billion of municipal debt to raise cash just in case. It would be the insurer’s first bond sale in three years. Bloomberg’s Darryl Preston reports via Insurance Journal.
Gainesville trying to level playing field between taxi drivers, Uber
Gainesville’s ongoing efforts to come to grips with popular ride-sharing companies like Uber have moved to a new arena: the Gainesville Regional Airport. Melissa Mihm reports for the Gainesville Sun.
Florida legislative leaders say budget impasse means 2015 Session won’t end on time
Given that neither the House nor Senate are agreeing to back off their positions on health care legislative leaders in the House and Senate conceded on Wednesday that the Legislature will not be able to pass a budget by May 1, the last day of the the 2015 Session. Christine Jordan Sexton reports for SaintPetersBlog.com.
Florida Supreme Court ruling strikes blow to red light cameras
The traditional red light camera program appears to be stopped – for now. The Sun-Sentinel’s Dan Sweeney, Susannah Bryan and Andy Reid report.
Florida leads iAWFUL list with bill to end privacy rights after death
This year, Florida tops the iAWFUL list by chipping away at privacy rights with HB 313/SB 102, currently in the Senate Rules Committee, SaintPetersBlog.com’s Phil Ammann reports.
Schools guns bills stumble in Florida Senate
A proposal that would allow certain teachers to pack heat in public schools is on life support after the Senate Education Committee declined to vote on it for the second meeting in a row. The Miami Herald’s Kathleen McGrory reports for the “Naked Politics” blog.
Can Florida curb sober home industry’s bad actors with regulation?
Recent FBI raids in Palm Beach County hint that the unregulated sober home industry has become a sink hole for fraud, exploitation and crime. In the past five years, accounts of illegal patient brokering, insurance fraud, drug-dealing, sexual abuse and financial exploitation have accelerated. The Palm Beach Post poses the question of whether regulation will help.
IRS Names Microcaptives as Top Abusive Tax Scheme
The IRS is growing increasingly uncomfortable that an increasing number of smaller companies and professional firms have been doing what larger companies do — creating their own or joining a captive insurer, Insurance Journal reports.
Texas, Louisiana Improve Building Code Rankings; More Work Needed
Texas doesn’t have the worst score in a recent ranking of state building code systems but it’s pretty close to the bottom, according to a national organization committed to improving the ability of properties throughout the nation to withstand catastrophic weather events, Insurance Journal reports.
Click here to follow Colodny Fass on Twitter (@ColodnyFassLaw)
To unsubscribe from this newsletter, please send an e-mail to colodnyfassnews@gmail.com.