Capitol to Courthouse Florida Insurance Report–Thursday, December 11, 2014
Dec 11, 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
There are no events scheduled for today.
Daily Florida Insurance-Related News
Guest houses back in, storm taxes fading out at insurer Citizens
State-run Citizens Property Insurance is restoring optional coverage to detached structures like guest houses, garages and workshops in a move its board approved Wednesday. Charles Elmore reports for the Palm Beach Post.
- Citizens Will Give Heads-Up To Policyholders Marked For Takeout
- Citizens now in position to handle storm of the century without taxpayer help
Uber fight: Southwest Florida taxi, limo drivers to meet
Taxicab and limousine services in Southwest Florida are holding a town hall meeting Monday to discuss how to deal with the recent arrival of car service giant Uber, which is viewed by some as a predatory invader that unfairly dodges local regulators. Dick Hogan reports for the Ft. Myers News-Press.
Push for Medicaid expansion gains steam with businesses in Florida, but not with legislators
Last week, a coalition including business groups released a proposal that would extend private health insurance to hundreds of thousands of low-income Floridians, Mitch Perry reports for SaintPetersBlog.com.
State of Florida takes over Gables firm linked to Medicare fraud scheme
Florida regulators took over a Coral Gables managed-care company on Wednesday with plans to liquidate it, the Miami Herald’s Jay Weaver reports via InsuranceNewsNet.com.
Florida is No. 32 in health rankings
More than a quarter of Floridians are physically inactive, slightly higher than the national rate, Associated Press reports via the Tampa Tribune.
Julie Jones Takes Over Troubled Corrections Agency
On Wednesday, Governor Rick Scott tapped Julie Jones, a public-safety veteran who retired earlier this year, to head the beleaguered Department of Corrections. THE NEWS SERVICE OF FLORIDA’s Dara Kam reports via SunshineStateNews.com.
Florida ranks second in school school shootings
In the two years since the mass shooting in Newtown, Connecticut, there have been at least 95 school shootings including fatal and nonfatal assaults, suicides, and unintentional shootings – an average of nearly one a week, reports Everytown For Our Safety, a group pushing for stricter gun control, the Miami Herald reports via the “Naked Politics” blog.
Florida Bar seeks Board member
The Florida Bar is looking for a member of the public to serve on its governing board, the Gainesville Sun reports.
Lawmakers Forge Agreement On TRIA
An agreement was forged early yesterday on legislation extending the Terrorism Risk Insurance Act for six years. National Underwriter’s Arthur Postal reports via InsuranceNewsNet.com.
U.S. House Passes Bill to Relax Capital Rules for Insurers
A measure that would ease capital and liquidity standards for insurers under the Dodd-Frank Act was approved by the U.S. House of Representatives. Bloomberg’s Cheyenne Hopkins reports via Insurance Journal.
South Carolina Insurance Chief Farmer to Stay
Raymond Farmer is staying on to lead South Carolina’s Department of Insurance, Associated Press reports via Insurance Journal.
NAIC Sets Captive Financing Rules
The National Association of Insurance Commissioners is expected to adopt rules governing captive financing for life insurance products through Actuarial Guideline 48 within the next 10 days. National Underwriter’s Arthur Postal reports via InsuranceNewsNet.com.
NAIC Broadens Access To Annuity Buyer’s Guide
Gaining access to annuity buying information is about to become easier, Annuity News’ Linda Koco reports via InsuranceNewsNet.com.
Casualty Catastrophes Threaten (Re)Insurers’ Balance Sheets, Guy Carpenter Reports
The “casualty catastrophe” is perhaps the most daunting threat that casualty (re)insurers face today, according to GCCapitalIdeas.com, Guy Carpenter’s thought-leadership blog. Insurance Journal carries the story.
The Long Reach of Delaware’s Corporate Influence
Delaware’s courts have not only changed how deals are done, but a recent spate of decisions shows that the state is king of the deal universe, setting and changing the rules by which deal makers play. The New York Times “DealBook” blog reports via Advisen.com.
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