Capitol to Courthouse Florida Insurance Report: Wednesday, May 13, 2015
May 13, 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
10:00 a.m.–Florida Workers’ Compensation Joint Underwriting Association Investment Committee meeting. To view the agenda, click here.
Daily Florida Insurance-Related News
Florida Will Not Appeal Decision Favoring Deloitte in Poe Financial Collapse
The Florida Department of Financial Services will not appeal the recent jury decision that found Deloitte & Touche not liable in the insolvency of Tampa-based Poe Financial Group following the unprecedented series of hurricanes in 2004 and 2005. Amy O’Conner reports for Insurance Journal.
Governor Scott to get congressional hearing into health care clash
Governor Rick Scott’s full day of meetings Tuesday in Washington with Republican members of Congress produced plans for a hearing into the state’s claim that it is being bullied by the Obama Administration. John Kennedy reports for the Palm Beach Post.
Rick Scott: Budget Impasse Could Delay Tax Cuts
A massive tax-cut package and the Governor’s push for a “historic” increase in education funding could be in jeopardy as the health care-fueled budget impasse continues in the Florida Legislature. The Senate remains firm that a tax-cut package isn’t going to move while the impasse is in place. THE NEWS SERVICE OF FLORIDA’s Jim Turner reports via SunshineStateNews.com.
Florida House Sends Five Bills To Governor Scott
The Florida House sent Governor Rick Scott five bills on Tuesday for consideration, including a measure that would give a hospice an expedited process of getting a license to resume operating. Christine Jordan Sexton reports.
Florida Senate will pay legal bills for 19 senators
Florida Senate President Andy Gardiner is telling state senators that taxpayers will pay their legal bills as part of an ongoing lawsuit over state senate districts. The Associated Press reports via SaintPetersBlog.com.
U.S. Senate Banking Chair Shelby Unveils Financial Regulation Reform Bill
The head of the U.S. Senate Banking Committee unveiled his long-awaited bill to toughen oversight of the Federal Reserve and ease the regulatory burden on dozens of banks, setting off what could be intense negotiations with Democrats, Bloomberg’s Silla Brush and Jesse Hamilton report via Insurance Journal.
California Court Says Staffing Agencies Can’t Self-Insure Workers’ Comp
A California Court of Appeals has upheld the state’s decision to exclude temporary staffing agencies from self-insuring for workers’ compensation, a ruling that upholds one of the provisions in the state’s sweeping workers’ comp reform law passed in 2012, Insurance Journal’s Don Jergler reports.
First Licensed Autonomous Freight Truck Hits the Road in U.S.
In a ceremony at Hoover Dam, Daimler Trucks North America unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an open public highway in the U.S., Insurance Journal reports.
Use of Captives Rises for Non-Traditional Risks, Marsh Reports
Captive insurance vehicles are increasingly being used by businesses to provide cover for non-traditional risks, according to a new benchmarking report published by Marsh. Insurance Journal reports.
Italy’s Agnellis: Billionaire Family Behind PartnerRe Takeover Battle
The billionaire Agnellis will become more interested in hurricane damage and less dependent on sales of Alfa Romeo sports cars and CNH tractors if their $6.8 billion bid for reinsurer PartnerRe Ltd. is successful. Bloomberg’s Tommaso Ebhardt reports via Insurance Journal.
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