Capitol to Courthouse Florida Insurance Report: Wednesday, May 20, 2015
May 20, 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 Board of Employee Leasing Companies meeting. Teleconference: (888) 670-3525; conference code: 2295006118#. To view the agenda, click here.
Daily Florida Insurance-Related News
Citizens Property Insurance build-out Downtown is $4M
Downtown’s EverBank Center is preparing for a $4.1 million renovation of five floors for the first phase of the Citizens Property Insurance lease, Karen Brune Mathis reports for the Jacksonville Financial Times and Daily Record.
Florida-Based Orchid Underwriters Appoints Former Nationwide Executive As CFO
Orchid Underwriters Insurance Agency, LLC, a specialty underwriter of property insurance focusing on coastal properties, has named former Nationwide executive Lynda Butler as chief financial officer, Insurance Journal reports.
Hospitals to Rick Scott: You Look up Financial Data
As Governor Rick Scott’s newly created health-care commission prepares to meet today to begin sifting through data about hospital funding, the governor’s request for information has been met with hospitals essentially telling him to go look it up. THE NEWS SERVICE OF FLORIDA’s Brandon Larrabee reports via SunshineStateNews.com.
For-profit hospitals ask Governor to raise their taxes
Presidents from the four HCA hospital regions in Florida sent a letter to Scott regarding the Commission on Healthcare and Hospital Funding saying that the Low Income Pool is not a long term solution and that Scott consider increasing a tax hospitals currently pay and putting the new revenue into an increase in hospital base rates. SaintPetersBlog.com’s Christine Jordan Sexton reports.
No teacher pay, private prison monitoring if government shuts down
If the state government shuts down July 1, street lights will go dark, teachers will go unpaid and the state will stop monitoring privately owned prisons. Tampa Bay Times’ Michael Auslen reports.
IRS Tax Scrutiny Repels Bids for Bermuda Reinsurers
The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’ value, Bloomberg’s Sonali Basak reports via Insurance Journal.
U.S. Supreme Court Eyes Letting Businesses Pay to End Class Actions
The U.S. Supreme Court will consider giving businesses a new tool to thwart class action lawsuits, agreeing to decide whether a defendant can end a case by offering full payment to the lead plaintiff, Bloomberg’s Greg Stohr reports via Insurance Journal.
Auto Body Shop Owner Hoping To Unseat Mississippi Insurance Commissioner
A Clinton auto body shop owner who’s a plaintiff in a major lawsuit against the insurance industry is hoping to unseat Republican incumbent insurance commissioner Mike Chaney, Charles Harrington reports for WLOX-TV.
Banks calls for global coordination of bubble-busting measures
International coordination will be needed to deal with any negative effects of national attempts to snuff out asset bubbles, top financial firms said in a World Economic Forum paper, Reuters reports.
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