News & Updates

Radey

FHCF Right-Sizing Becomes Bite-Sized

FHCF Right-Sizing Becomes Bite-Sized

Discussions about the proper size of the Florida Hurricane Catastrophe Fund have been intense throughout the 2013 legislative session.  The FHCF proposed last year that it should be reduced in size to better ensure it can meet its reimbursement obligations to insurers.  However, last year’s proposal called for changes that were too significant and would […]

Continue Reading →

Omnibus Bill Advances Through House, Goes to Senate

Omnibus Bill Advances Through House, Goes to Senate

The so-called omnibus bill (HB 635) has passed the House of Representatives by a 100-17 margin and has been referred to the Florida Senate.  The bill addresses a wide range of insurance matters, consisting primarily of issues that generally are thought not to be controversial.  The range of issues covered by the bill includes: Extending […]

Continue Reading →

PIP Decision Creates Uncertainty in Final Weeks of Session

PIP Decision Creates Uncertainty in Final Weeks of Session

Leading into the 2013 legislative session, the most prevalent question relating to Personal Injury Protection (PIP) coverage was whether insurers’ rate filings were meeting the levels of savings lawmakers anticipated.  However, that changed when Circuit Judge Terry Lewis found that last year’s PIP reforms improperly limit the remedies available to injured persons.  Although the state […]

Continue Reading →

Scope of FHCF Still Unclear as Session Goes On

Scope of FHCF Still Unclear as Session Goes On

The size of the Florida Hurricane Catastrophe Fund in future years continues to be a widely discussed issue in the current legislative session.   We have now reached the halfway point but it is still unclear how this issue will play out. Jack Nicholson of the FHCF advocated a reduction in the FHCF’s size last year […]

Continue Reading →

Want Job Creation? A Funny Way of Showing It…

Want Job Creation?  A Funny Way of Showing It…

Job creation has been at the forefront of Florida politics over the last few years.  Governor Rick Scott campaigned on a primary goal of pursuing jobs and creating new employment opportunities for Floridians at a time when the economy was languishing.  Recent unemployment numbers show these results have been successful–  the jobless rate has been […]

Continue Reading →

Holding Company Regulation Updates (Part 3 in the Series)

Holding Company Regulation Updates (Part 3 in the Series)

Over the last two days I’ve covered Florida’s existing holding company regulations and proposed changes in the 2013 legislature.  Before wrapping up, this blog mentions other related changes that are part of the pending bills or are contained in companion bills. Additional Proposed Law Changes The bills would add a new section 628.805, Florida Statutes, […]

Continue Reading →

Proposed Statutory Revisions to Holding Company Requirements (Part 2 in Series)

Proposed Statutory Revisions to Holding Company Requirements (Part 2 in Series)

In yesterday’s blog, I mentioned pending legislative proposal to modernize Florida’s holding company regulations.  I looked at the existing holding company requirements.  Today we’ll consider the statutory revisions contained in this year’s legislative proposals.  Proposed Statutory Revisions The existing statutes and rules are less comprehensive than model requirements adopted by the NAIC that are beginning […]

Continue Reading →

Florida Seeks to Revise Holding Company Requirements

Florida Seeks to Revise Holding Company Requirements

 One of the Florida Office of Insurance Regulation’s (“FLOIR”) priorities for the 2013 legislative session is to have the legislature adopt the National Association of Insurance Commissioners’ holding company model act.  Florida’s holding company registration requirements have remained largely unchanged for many years and no longer are consistent with requirements being adopted in other jurisdictions […]

Continue Reading →

Policymakers Divided on Medicaid Expansion

Policymakers Divided on Medicaid Expansion

Implementation of the federal Affordable Care Act has quickly shaped up to be perhaps the highest profile and most hotly debated issue of the 2013 legislative session.  Governor Rick Scott surprised many when he announced shortly before the session that he supports expanding Medicaid to comply with the Affordable Care Act.  Several Republican policymakers promptly […]

Continue Reading →

Medical Malpractice Proposal Advances

Medical Malpractice Proposal Advances

The House of Representatives’ Civil Justice Committee advanced HB 827 by a 9-4 vote.  The bill is intended to moderate medical malpractice costs and provide additional protections for hospitals. One component of HB 827 would protect hospitals against liability for negligence arising from physicans who are independent contractors.  Other aspects of the billl would aid in […]

Continue Reading →