Capitol to Courthouse Florida Insurance Report: Wednesday, June 24, 2015
Jun 24, 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 12:00 p.m.– Florida Citizens Property Insurance Board of Governors meeting. Maitland, Florida. To view the meeting notice, click here.
Daily Florida Insurance-Related News
Florida High Court Removes Judge Over Misconduct in Personal Injury Cases
The Florida Supreme Court ruled June 18 that Judge Laura Watson isn’t fit to serve as a judge because of the way she handled a $14.5 million settlement with Progressive Insurance over personal injury lawsuits. The Associated Press reports via Insurance Journal.
Florida Governor signs budget, vetoes nearly $500 million
Florida Governor Rick Scott on Tuesday ended the state’s biggest budget crisis in more than two decades by signing a more than $78 billion budget into law, but he may have created another divide with some of his fellow Republicans. The Associated Press’ Gary Fineout reports via the Tampa Tribune.
- Senate and House Leadership Split on Rick Scott’s Vetoing of $461 Million in the Budget
- Andy Gardiner: Rick Scott Put Political Agenda Over Florida’s Needs
- More Than 1,100 State Employee Positions Cut
- Rick Scott’s budget signing preempts impact of Florida TaxWatch turkey list
- Scott vetoes cut into local projects
- Governor Scott vetoes water projects, firefighter pay increases
- Rick Scott’s veto list puts friends and foes in sharp relief
- Latvala rails: Governor has declared war on the Legislature
- Executive agency veto statement round-up
Florida, Feds Finalize Two-Year Extension of Low Income Pool Hospital Fund
The Obama administration and the State of Florida have reached an agreement to continue funding the hospital low-income pool for two more years, but at a much lower cost. The Associated Press reports via Scripps’ “Political Fix Florida” blog.
$40 billion of national parks at risk from sea rise
Sea-level rise puts at high risk more than $40 billion in park infrastructure and historic and cultural resources, including almost $90 million in assets at the Canaveral National Seashore, according to a federal report released Tuesday.
Federal Agencies Issue Flood Insurance Rule for Lenders
Five federal regulatory agencies have signed off on a joint rule that modifies regulations for loans secured by properties located in special flood hazard areas, Insurance Journal reports.
USAA Piloting Auto Insurance Quotes in California Through Google Compare
California drivers shopping for auto insurance online can now receive USAA rate quotes and coverage information in their Google search results through the Google Compare service that debuted in March 2015, Insurance Journal reports.
Lloyd’s Stops Insuring Marijuana Firms Due to U.S. Law Conflicts
A decision by Lloyd’s of London to stop insuring any risks relating to the marijuana industry has caught those in the insurance industry working with this segment off-guard. MyNewMarkets.com’s Amy O’Connor reports via Insurance Journal.
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