Capitol to Courthouse Florida Insurance Report: Thursday, March 12, 2015
Mar 12, 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
There are no insurance-related events scheduled for today.
Daily Florida Insurance-Related News
Group Requests Investigation Into Whether Florida Banned Climate-Change Terms
Florida members of the group “Forecast the Facts” filed a complaint on Tuesday with the State’s Department of Environmental Protection’s inspector-general, asking for the investigative arm of the agency to find the truth. The Associated Press’ Jason Dearen reports via Insurance Journal.
Fitch Affirms Florida Hurricane Catastrophe Fund Revenue Bonds at AA
Fitch Ratings affirms the AA rating on the Florida Hurricane Catastrophe Fund Finance Corporation bonds–$2 billion revenue bonds, series 2013A.
Florida’s Citizens Property Insurance implements Guidewire Insurance Suite
Guidewire Software has deployed its InsuranceSuite as underwriting, policy administration, billing and claims management platform in Florida-based property and casualty insurer Citizens Property Insurance.
Clash Over Medicaid Expansion Could Lead To A Special Session For The Budget
Florida lawmakers are watching a projected $1 billion surplus disappear before their eyes. The cause: the impending loss of $1 billion in federal funds that support hospitals that treat low-income, uninsured patients.
Lawmakers split on money for transportation, housing
Transportation and affordable-housing proponents remain concerned about a Senate proposal that would strip money from Florida transportation and housing trust funds to help meet the requirements of a new land-and-water constitutional amendment. THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via the Palm Beach Post.
Bill allowing K-12 school personnel to carry guns advances
A contentious bill that would allow some public school employees to carry guns is advancing in the Florida Legislature with support — or at least no active opposition — from some who fought it in the past, including the Florida School Board Association, William March reports for the Bradenton Herald.
Senate sober home bill moves on
A Senate bill designed to ensure sober homes are safe for addicts and neighbors made it through its second committee stop with a unanimous vote on Tuesday. The Palm Beach Post’s Christine Stapleton reports for the “Post on Politics” blog.
Florida lawmakers tackle growth management process
Even as Florida’s economy revs back up, one type of development that has been conspicuously absent across the state is the mega-project. Sarasota Herald-Tribune’s Zac Anderson reports.
RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean
RMS, the catastrophe risk management firm, has released a global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami – similar in scale to the March 11, 2011, Tohoku, Japan event, Insurance Journal reports.
A.M. Best: China’s Solvency Rules Will Alter Reinsurance Buying Decisions
China’s new solvency regime will encourage direct insurers to revise their reinsurance programs, or panel of insurers, in order to better manage their solvency requirement arising from reinsurance credit risk, according to a new briefing published by A.M. Best, Insurance Journal reports.
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