Capitol to Courthouse Florida Insurance Report–Thursday, November 13, 2014
Nov 13, 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
9:45 a.m.–Florida Division of Insurance Agents and Agency Services (“IAAS”) Proposed Rule Hearing. Tallahassee, Florida. Rule Chapter 69B-215, entitled “Agents,” is proposed for repeal because its Rules are duplicative or unnecessary. To view the Hearing notice, click here.
10:00 a.m.–Florida Office of Insurance Regulation (“OIR”) Proposed Rule Hearing. Rule 69B-167.001, “Return of Unearned Premium,” which is administered by the Florida Department of Financial Services, is proposed for repeal since it is duplicative of Rule 69O-167.001, which is administered by the OIR. To view the Hearing notice, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Audit Committee meeting. To view the agenda, click here.
10:30 a.m.–IAAS Proposed Rule Hearing. Tallahassee, Florida. Chapter 69B-184, “Insurance in Connection with Installment Sales,” is proposed for repeal because the Rules are duplicative or unnecessary. To view the Hearing notice, click here.
Daily Florida Insurance-Related News
CBIZ closes Miami Office, Searches For Acquisition Candidate
CBIZ will continue to explore additional acquisition opportunities within Florida, a company press release reports.
Uber suffers another setback at the hands of Hillsborough Public Transportation Commission
Rideshare provider Uber is an “illegal taxi service,” at least in the eyes of the Hillsborough Public Transportation Commission, SaintPetersBlog.com’s Phil Ammann reports.
Medicaid HMOs participating in the long term care “managed care” program should get paid more, actuaries working for the state health care agency determined. Christine Jordan Sexton reports for SaintPetersBlog.com.
Boyd named as new House deputy majority leader
Incoming House Speaker Steve Crisafulli, R-Merritt Island, has named State Representative Jim Boyd, R-Bradenton, as the House deputy majority leader and whip for the next two years, Lloyd Dunkelberger reports for the “HT Politics” blog.
Jacksonville’s State Representative Mia Jones set to return as House Democratic Leader Pro Tempore
Jacksonville State Representative Mia Jones has been tapped for a second term as the House Democratic leader pro tempore, SaintPetersBlog.com’s James Call reports.
Because it is still unclear who will succeed him as Senate President, Andy Gardiner has named Lizbeth Benacquisto to lead Republican Senate fundraising efforts in advance of the 2016 election cycle. SaintPetersBlog.com’s Peter Schorsch reports.
Florida House District 64 election result remains in limbo
More than a week after Election Day, the nearly 160,000 residents of state House District 64 still don’t know who will be representing them in Tallahassee, Tampa Bay Times’ Josh Solomon reports.
Governor Rick Scott may reward campaign manager with chief of staff job
Scott’s favorite for the most powerful post in his second administration appears to be Melissa Sellers, a native Texan who tightly ran his re-election campaign and whose loyalty seems to have won Scott’s trust. Tampa Bay Times’ Steve Bousquet reports.
Out-of-State Flowers Not Taxable
Online business located in Florida wins court appeal
An appeals court has ruled that it is unconstitutional for Florida to try to collect sales taxes from a Palm Beach County company that takes online orders for flowers delivered in other states or countries. THE NEWS SERVICE OF FLORIDA’s Jim Saunders reports for the Lakeland Ledger.
Veterans File Suit, Accusing Banks Of Aiding U.S. Foes
More than 200 veterans and their families filed a lawsuit Monday accusing six major banks of helping Iran move tens of millions of dollars to groups targeting U.S. soldiers in Iraq during the war, the Wall Street Journal’s Joe Palazzolo reports via Advisen.com.
Catastrophe bond issues shooting for record $9 billion this year
Catastrophe insurance markets are moving away from a self-retained model toward a capital markets finance model, Michael Berry reports for the United Kingdom’s FundWeb.com.
U.S. insurers concerned about federal and foreign bank-style regulations
U.S. property/casualty insurers and state regulators are concerned about how the actions of federal and foreign regulators will effect the industry, the Jerusalem Post reports via Advisen.com.
Cyber Attacks, Terrorism Are Top Emerging Risks for 2015, Guy Carpenter Says
The third annual Guy Carpenter survey polled insurance and reinsurance executives at the 2014 Property Casualty Insurers Association of America Annual Meeting, held in Scottsdale, Arizona. Designed to identify what (re)insurance professionals believe are the key drivers and threats to profitable growth in the industry, this year’s survey examines which emerging risk respondents felt to be most threatening to the industry in the year ahead, Insurance Journal reports.
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