Capitol to Courthouse Florida Insurance Report: Wednesday, February 19
Feb 19, 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
12:00 p.m. to 2:00 p.m.–Citizens Property Insurance Corporation Claims Committee meeting. Teleconference: 866-361-7525; conference ID: 5219676193#. To view the meeting notice, click here.
1:00 p.m. to 3:00 p.m.–Florida House Insurance and Banking Subcommittee meeting. Agenda includes a presentation by the Insurance Information Institute on the State of the Florida Property Insurance Market: Past, Present and Future and consideration of the following bills:
- HB 633 relating to Division of Insurance Agents and Agency Services
Daily Florida Insurance-Related News
Move to drop high-end condos shelved in push to shed Citizens Property Insurance policies
Florida’s Citizens Property Insurance Corporation announced this month its policy count has fallen below 1 million, but lawmakers are still looking to remove “second-tier” policies from the state-run company in an effort to reduce its overall risk, The Florida Current’s Gray Rohrer reports.
Private Flood Insurance Florida Agency Now Selling in 15 States
A Florida agency selling private flood insurance said it is now selling the coverage in 15 states and making it available to commercial risks, Insurance Journal reports.
Floridians overwhelmingly skeptical of telemedicine, Florida Medical Association survey shows
Floridians are overwhelmingly skeptical of telemedicine, just as state legislators consider statewide standards for healthcare providers to practice medicine over the Internet, Phil Ammann reports for SaintPetersBlog.com.
Senate committee proposes state pension bills
In a 5-4 vote, a Senate committee agreed Tuesday to pursue its chairman’s plan for overhauling the Florida Retirement System by making new employees join a “cash-balance” pension plan, The Florida Current’s Bill Cotterell reports.
Florida’s Brown & Brown Names Thomson Reuters’ Andrew Watts as New CFO
Brown & Brown, Inc. today announced the selection of R. Andrew Watts as executive vice president, treasurer and chief financial officer, National Underwriter’s PropertyCasualty360.com reports.
Florida Board of Education adopts education standards after nearly 3 hours of public testimony
Sometimes, the process of self-government can be loud, boisterous and chaotic. Eighty people signed up to speak Tuesday during the public comment portion of a State Board of Education meeting in Orlando to adopt new academic standards for public schools, The Florida Current’s James Call reports.
Joe Negron Tells Congress: Give Jurisdiction over Lake Okeechobee Releases to Florida
Joe Negron, chair of the Senate Select Committee on Indian River Lagoon and Lake Okeechobee Basin, called on Florida’s congressional delegation to push for federal legislation to remove the U.S. Army Corps of Engineers’ sole jurisdiction over Lake Okeechobee releases, SunshineStateNews.com reports.
With director job in limbo, lawmakers move to expand Orlando expressway authority
Legislation to reform the Orlando-Orange County Expressway Authority into a regional transportation board with representation from Lake, Osceola and Seminole counties cleared the House Transportation and Highway Safety Subcommittee on Tuesday, The Florida Current’s Gray Rohrer reports.
New wrinkle develops in ethics bill for special districts
A new wrinkle developed in the effort to reform lobbying in special districts statewide, as Florida lawmakers struggle to distinguish between large hospital authorities and smaller districts with limited budgets, Phil Ammann reports for SaintPetersBlog.com.
Alachua County, cities now working on annexation workaround
There has been talk of repealing a controversial state law governing Alachua County’s annexation process, but now area officials are working on a different bill that would salvage part of it, Gainesville Sun’s Morgan Watkins reports.
Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors but as an observer, not a member, for now, Liz Festa reports for Insurance Journal.
Feds Publish Guidelines for Cybersecurity Framework
One year after the White House directed the development of cyber standards by executive order, the National Institute of Standards and Technology (NIST) last week released voluntary industry standards and best practices to prevent cyber attacks in its publication “Framework for Improving Critical Infrastructure Cybersecurity,” National Underwriter’s Melissa Hillebrand reports for PropertyCasualty360.com.
Why Taxpayers Will Bail Out the Rich When the Next Storm Hits
As homeowners around the nation protest skyrocketing premiums for federal flood insurance, the Federal Emergency Management Agency has quietly moved the lines on its flood maps to benefit hundreds of oceanfront condo buildings and million-dollar homes, according to an analysis of federal records by Bill Dedman of NBC News.
Insurance E-Commerce Legislation Advancing in Arizona, South Dakota and Wyoming
Legislators in three states are approving important legislation that will modernize how insurers provide documents to their policyholders, said the Property Casualty Insurers Association of America, a PCI news release explains.
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