Capitol to Courthouse Florida Insurance Report: Thursday, December 6
Dec 6, 2012
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There are no Florida insurance-related events scheduled for today.
Florida’s top insurance official was given a January deadline on Wednesday to come up with a series of proposals to reduce the size of the state-backed Citizens Property Insurance Corp.
A controversial program to shrink the size of Citizens Property Insurance by spending $350 million to encourage private companies to take over business came under fire from all sides on Tuesday as the state-run insurer made its first appearance before a House committee.
For years members of Congress from Florida and other coastal states have proposed creating a regional or national catastrophe fund to pool the risk for states and reduce the burden on taxpayers from natural disasters.
Insurance Commissioner Kevin McCarty received the equivalent of a lump of coal as an early Christmas gift Wednesday from Senate Banking and Insurance Committee Chairman David Simmons.
The Senate Appropriations Committee began the process of building a state budget Wednesday.
- Florida Senate Appropriations Chairman Joe Negron wants to examine contracts, state programs and local projects
- Blog: Florida Senate — transparency contract is under review but public access is not an option
- News Release: Chair Negron Lays Out Plan for Florida Senate’s Intensive Budget Review
On the same day Senate leaders announced they would conduct an intensive review of the state budget, two government watchdog groups said a budget transparency program – put on hold by the Senate – could “save Florida millions of dollars” and revolutionize budget accountability.
The new report prepared by Integrity Florida and the First Amendment Foundation on the budget transparency software program offers a window into what the web site would tell legislators and the public if they were given access to it.
On the heels of several defeats of Republican efforts to reform the judiciary and unseat three Florida Supreme Court justices — both before and at the November ballot box — the upcoming legislative session is shaping up to be a far quieter one as far as the courts are concerned.
The latest effort to repeal the advance fee collected from utility customers to build new nuclear power plants began its move through the Legislature on Wednesday.
Hoping to add jobs and generate economic activity through increased trade, Representative Lake Ray, R-Jacksonville, is preparing legislation to facilitate the transportation of goods from Florida’s ports to its rails and roads.
The National Weather Service is considering changing how it issues hurricane watches and warnings.
New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when Superstorm Sandy struck a month ago.
The chief executive of German public insurer and takeover target Provinzial Nordwest was stabbed on Wednesday ahead of a meeting with employees to discuss the future of the company.
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