Capitol to Courthouse Florida Insurance Report: Wednesday, April 22, 2015
Apr 22, 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. to 4:00 p.m.–Florida Commission on Hurricane Loss Projection Methodology meeting. Tallahassee, Florida. Review model revisions. The FCHLPM Flood Standards Development Committee will meet to discuss a working draft of the Meteorological/Hydrological Flood Standards and to begin a discussion of the Statistical Flood Standards. Teleconference: (888) 670-3525; conference code: 7135858151. To view the meeting notice, click here. To view the agenda, click here.
Daily Florida Insurance-Related News
Florida’s Prepared Insurance Joins Write Your Own Flood Program
Prepared Insurance Company, a Florida property/casualty carrier, has been approved to participate in the Write Your Own Flood Program, Insurance Journal reports.
Scott says he’ll call special session if lawmakers don’t pass budget
Governor Rick Scott unexpectedly announced Tuesday that if the Legislature can’t settle its budget differences before May 1, he plans to call lawmakers back for a special session next month and ask the Senate and House to adopt a “continuation budget” to fund critical needs of the state next year at existing levels. Steve Bousquet reports via the Miami Herald’s “Naked Politics” blog.
- Scott plays hardball with deadlocked lawmakers, demands budget work to begin
- Scott’s call for hurry-up, temporary budget rejected by Senate
- Lee warns Scott, House could have “blood on their hands” if session derails
- Florida Democrats watch as Republicans war over Medicaid expansion
- Senate has $600 million in reserves it can pump into health care, Andy Gardiner says
- House budget eliminates LIP but assumes local dollars will be sent up to fund health care
Grant crushes write-in candidate in special election for House District 46
With just a week and a half left in the regular legislative session, Jamie Grant reclaimed his seat in the state House of Representatives in a landslide win in Tuesday’s special election. Anastasia Dawson reports for the Tampa Tribune.
European Union Renews Effort to Halt U.S. Reinsurance Collateral Rule
The European Union will mount a fresh bid to persuade the United States to free up the billions of euros in collateral it requires foreign re-insurers to set aside against policies. Reuters Huw Jones reports via CarrierManagement.com.
Federal Advisory Committee on Insurance To Meet May 7
In this meeting, the Federal Advisory Committee on Insurance will discuss a number of issues, including cybersecurity related to the insurance industry, regulatory developments and natural catastrophes and the role of mitigation, including President Obama’s Executive Order 13690, Establishing a Federal Flood Risk Management Standard.
England is asking America why it isn’t more worried about Warren Buffett’s reinsurance business
According to a report from The Financial Times, the Bank of England has asked the U.S. Treasury why Berkshire Hathaway’s reinsurance operations were left off a list of “too big to fail” institutions, Business Insider’s Myles Udland reports.
Judge in California Rules Uber Must Face Suit Claiming Bias Against Blind Riders
Uber Technologies Inc. must defend against a lawsuit accusing the popular ride-sharing service of discriminating against blind people by refusing to transport guide dogs, a federal judge ruled.
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