Capitol to Courthouse Florida Insurance Report: Wednesday, February 13
Feb 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
9:00 a.m. to 11:00 a.m.-House Insurance and Banking Subcommittee. 404 House Office Building, 402 South Monroe Street, Tallahassee, FL. To view the meeting notice, click here. To view the meeting packet, click here. Consideration of the following bills:
- HB 47 — Firesafety Devices
- HB 341 — Uninsured Motorist Insurance Coverage
- HB 167–Annuities
- Proposed Committee Substitute for HB 335 – Commercial Insurance Rates and Forms
Daily Florida Insurance-Related News
New Study: Citizens Property Insurance Subsidy Harming Floridians
With the start of the legislative session just weeks away, the American Consumer Institute Center for Citizen Research today released the whitepaper “Welfare for the Rich.”
Wharton Professors in Forbes: Improving Insurance Decision Making
Insurance is an extraordinarily useful tool to manage risk. When it works as intended, it provides financial protection to individuals and firms who pay insurers a relatively small premium to protect themselves against a large loss. But insurance is broadly misunderstood by consumers, insurance executives and regulators.
Reinsurers push rates upwards during January renewal
Buyers of primary insurance scanning the horizon for downstream risk transfer rate increases will note that the key January renewals saw relatively small increases in the overall cost of reinsurance pricing, according to announcements from three of the world’s largest reinsurers.
Southeast Florida delegations to hold workshop on climate change
Climate change is an issue that has rarely been acknowledged or discussed in the Florida Legislature in the past four years.
Bill would subject municipal utilities to Public Service Commission regulation
A House bill was filed Tuesday that would make municipal utilities subject to regulation by the Florida Public Service Commission if they sell to provide services outside of their municipality.
Business incentives questioned by House panel
Members of the House Economic Development and Tourism Subcommittee grilled officials from Florida’s leading business development wing, questioning the performance of taxpayer money given to companies that expand or move to Florida.
- Senate Democrats critique Governor Scott’s business tax breaks
- Florida Representative Mike Fasano: Why Do Wal-Mart, Coca-Cola Land Incentives to Expand in Florida?
- Governor Scott needs Democrats to pass business tax cut
The Florida Current’s 2013 Session Outlook: Law Enforcement and Justice
From texting while driving to repealing Florida’s “stand your ground” gun law, House and Senate law-and-order committees have wide-ranging agendas for the 2013 legislative session.
Booking Hotels Online? Court Ruling Could Make Your Rates Go Up
About 28 percent of hotel bookings are made through online travel agencies like Expedia, Orbitz, Travelocity, and Priceline.com, by lodgers looking to snag a deal.
Will Weatherford: Florida Needs Direct Flights to China
House Speaker Will Weatherford, R-Wesley Chapel, is confident Florida will be a “pocket of prosperity” in the coming decades in a global world of winners and losers that includes other states.
Reinsurers push rates upwards during January renewal
Buyers of primary insurance scanning the horizon for downstream risk transfer rate increases will note that the key January renewals saw relatively small increases in the overall cost of reinsurance pricing, according to announcements from three of the world’s largest reinsurers.
A.M. Best: U.S., Bermuda Reinsurers Challenged, but Stable Due to Capitalization, Underwriting
The U.S. and Bermuda reinsurance sector has its challenges, particularly when it comes to living up to previous years’ returns on equity for investors, but ratings agency A.M. Best is maintaining its stable outlook due to reinsurers’ strong capitalization and enterprise risk management practices, as well as a stable pricing environment.
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