Capitol to Courthouse Florida Insurance Report: Tuesday, August 13
Aug 13, 2013
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
8:30 a.m. to 4:30 p.m.–Florida Commission on Hurricane Loss Projection Methodology meeting. Tallahassee, Florida. Review of the Florida Public Hurricane Loss Model under the Standards and Acceptability Process for 2011, and discussion of the 2013 Standards and Procedures in committee meetings. Teleconference: (888) 670-3525; conference code: 7135858151. To view the meeting notice, click here. To view the agenda, click here.
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Investment Committee teleconference meeting. To view the agenda, click here.
Daily Florida Insurance-Related News
Florida Commissioner Kevin McCarty to CFO Jeff Atwater: A Lesson in Reinsurance
A drop in reinsurance rates doesn’t exactly mean rate reductions for Florida’s homeowners are on the way, explained Florida Insurance Commissioner Kevin McCarty in a response to Florida CFO Jeff Atwater, Chad Hemenway reports for PropertyCasualty360.com.
Guests Saved as Florida Resort Building Falls into Sinkhole
Dozens of guests at a Florida resort near Walt Disney World were safely evacuated in the middle of the night on Monday when a three-story building collapsed after a large sinkhole opened on the property’s grounds, Reuters’ Barbara Liston reports via National Underwriter’s PropertyCasualty360.com.
Ruling all but ends Hillsborough law targeting PIP fraud
An appellate court has effectively ended Hillsborough County’s attempt to regulate clinics that law enforcement officials say enabled a proliferation of staged auto accidents, Bill Varian reports for Tampa Bay Times.
In Florida, School’s In Session on Workers’ Comp Risk Management
Prudent risk management is a philosophy used in every decision made in managing the risks for the fourth-largest school district in the U.S., Caterina Pontoriero writes for National Underwriter’s PropertyCasualty360.com.
How Florida’s poor might qualify for Obamacare subsidies
A million Floridians who were left without health coverage when legislators rejected a plan to expand Medicaid earlier this year could still qualify for coverage under the Affordable Care Act, The Florida Current explains.
On the eve of a U. S. Senate hearing in Franklin County, U.S. Secretary of Commerce Penny Pritzker on Monday declared a commercial fishery failure for the oyster fishery in Apalachicola Bay, Bruce Ritchie reports for The Florida Current.
Dream Defenders trigger legislative poll
Odds against a special session remain high. It will take a yes vote from three-fifths of the Republican-controlled Legislature before a session can be called, writes Bill Cotterell for The Florida Current.
Governor pushes jobs message in Central Florida; Democrats bash administration’s revolving door
Gov. Rick Scott continued the central theme of his administration during a visit to Central Florida, highlighting 150 new jobs at a manufacturing firm Monday. While the economy has improved, Scott’s critics say he’s given other aspects of governing – education, child welfare, health care, environment – short shrift, Gray Rohrer reports for The Florida Current.
Five Months Later, No Hurry from Rick Scott on Lieutenant Governor Position
Five months have passed since Florida last had a lieutenant governor, but Gov. Rick Scott appears to be in no hurry to change the situation, writes Brandon Larrabee for THE NEWS SERVICE OF FLORIDA in SunshineStateNews.com.
Florida companies stash billions abroad, avoiding U.S. taxes
Florida’s largest companies are holding at least $9.4 billion in foreign profits, shielding the earnings from U.S. income taxes, according to an Orlando Sentinel review of financial statements, the Orlando Sentinel’s Jason Garcia reports.
Disney Said to Be Dishing Big Bucks in Tallahassee, Preparing for Destination Casino Fight
Walt Disney World officials apparently are pumping vast sums of money into a new campaign to kill enabling legislation for destination-resort casinos in 2014. And they’re doing it by enlisting the services of a small army of traditional lobbyist firms, the Florida Chamber of Commerce and No Casinos Inc., writes Nancy Smith for SunshineStateNews.com.
Georgia Supreme Court Expands Coverage for Faulty Construction
Georgia’s high court has handed contractors and their clients a victory by expanding the scope of a contractor’s general liability policy so that it includes damage due to a contractor’s faulty construction, Michael Adams writes for Insurance Journal.
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