Category: Insurance Regulatory News

Lawmakers filed about 150 fewer bills than the 2017 legislative session and passed about 40 fewer bills, the Tampa Bay Times reports. Florida’s 2018 Legislature was the least productive in two decades http://www.tampabay.com/florida-politics/buzz/2018/03/14/florida-legislature-2018-what-passed-and-what-failed/

GM vehicle owners will be able to put their cars on Maven’s platform for other drivers to rent and share the revenue with the automaker.  Bloomberg’s David Welch reports for Insurance Journal. https://www.insurancejournal.com/news/national/2018/03/14/483236.htm

Calling it “the first service to independently measure and identify the quality of pretax statutory earnings reported for a calendar year,” Demotech has introduced “SPEQUELLAE.”

Proposed amendments to Rule 19-8.028, F.A.C., Reimbursement Premium Formula relating to premium formula requirements for the Florida Hurricane Catastrophe Fund 2018-2019 Contract Year will be the topic of a Rule Development Workshop scheduled for March 21, 2018 at 9 a.m. …

Legislature approves $89 billion budget in rare Sunday Session Lawmakers needed extra time to finish a budget after the mass shooting in Parkland forced them to quickly craft a response that included a three-day waiting period, a minimum age of …

Lawmakers needed extra time to finish a budget after the mass shooting in Parkland forced them to quickly craft a response that included a three-day waiting period, a minimum age of 21 to buy a gun in Florida, and $400 …

Floridians will be able to buy batteries, portable radios and generators tax-free during a week-long period in June, the Associated Press reports. https://apnews.com/97c8dcad93f347889f2ef6b063f3e322/Florida-Legislature-approves-storm-and-school-tax-holidays

The real controversy centers on FL HB7055 (18R), a priority for House Speaker Richard Corcoran (R-Land O’ Lakes).  The bill includes sweeping changes to the K-12 system. The governor touted that the newly signed law “expands school choice.”  Daniel Ducassi reports …

Citrus canker has led to more than a 70 percent reduction in Florida’s annual citrus crop while nearly tripling the cost of production.  Kevin Bouffard reports for the Lakeland Ledger. http://www.theledger.com/news/20180310/new-cash-crop-frostproof-citrus-grower-looking-to-try-bamboo-to-offset-losses

In an effort to shore up the newly-enacted law limiting gun sales, an influential member of the Constitutional Revision Commission has proposed an amendment that will prevent future constitutional challenges to the law.  The Miami Herald’s Mary Ellen Klas reports …