Capitol to Courthouse Florida Insurance Report: Thursday, June 4, 2015
Jun 4, 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
9:00 a.m.–Florida Commission on Hurricane Loss Projection Methodology Flood Standards Development Committee meeting. Tallahassee, Florida. Teleconference: (888) 670-3525; conference code: 7135858151. To view the meeting notice, click here. To view the agenda, click here.
9:30 a.m.–Florida Office of Insurance Regulation (“OIR”) Rule Development Workshop. Tallahassee, Florida. Proposed amendments to Rules 69O-154.202,-.203,-.204 would adopt updated National Association of Insurance Commissioners long-term disability morbidity tables. To view the meeting notice, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Producer Committee meeting. To view the meeting agenda, click here.
11:00 a.m.–OIR Proposed Rule Hearing. Tallahassee, Florida. Proposed amendments to Rule 69D-2.005, “Compliance and Enforcement,” would clarify the Rule, which provides that the OIR “shall” conduct audits to determine insurance company compliance with anti-fraud laws and take appropriate action against insurers for failure to comply. The amendment would change “shall” to “may” to comply with s.624.307, F.S., and would clarify that the Florida Department of Financial Services has the authority to take action for failure to comply. To view the hearing notice, click here.
Daily Florida Insurance-Related News
Universal Property & Casualty Writes First Homeowners Policy in Pennsylvania
Ft. Lauderdale-based Universal Insurance Holdings Inc. announced that the Pennsylvania Insurance Department has approved the homeowners insurance rates and forms of its wholly-owned subsidiary, Universal Property & Casualty Insurance Company (UPCIC), and that UPCIC has subsequently written its first homeowners insurance policy in Pennsylvania, Insurance Journal reports.
Healthcare bill passed, Senate ready to roll on budget over the weekend
With the drama over health care playing out according to the expected script, the Republican-controlled Florida Legislature is finally ready to pivot to passing a new state budget. SaintPetersBlog.com’s Christine Jordan Sexton reports.
Florida regulators poised to put brakes on runaway health insurance costs
After two years with its regulatory hands tied, the Florida Office of Insurance Regulation is free this year to challenge insurers again – in a market seeing double-digit hikes. The Miami Herald’s Chebali Herrera reports.
Renters get 30 days to get out under new Florida law
Among the 17 bills signed by Governor Rick Scott on Tuesday was HB 779, which protect renters in foreclosed homes from swift evictions. Under the bill, unanimously approved in both chambers, tenants renting a foreclosed home that is sold to a new owner must be given at least 30 days to vacate the residence. SunshineStateNews.com notes the “Post on Politics” blog.
Consumer advocates chide Florida congressional delegation over payday loans
An alliance of consumer advocates has fired back at Florida’s delegation to the U.S. House of Representatives over its support for the payday lending industry, Nick Nehemas reports for the Miami Herald.
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