Capitol to Courthouse Headliners: Friday, January 29

Jan 29, 2010



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Florida Insurance Commissioner to Chair NAIC International Insurance Relations Committee

The National Association of Insurance Commissioners named its 2010 committee chairs and vice chairs, including Florida Insurance Commissioner Kevin McCarty as chair of the International Insurance Relations Committee.


Life insurer to acquire Broward storage complex in foreclosure auction

An affiliate of Cincinnati-based Great American Life Insurance Co. will have the inside track to acquire control of the Tropical Storage complex in Miramar when it heads to a foreclosure auction next month.


Tampa to Orlando high speed rail funded

President Obama on Thursday announced $1.25 billion of stimulus funding for a high-speed rail line stretching from Tampa to Orlando – and he also promised to return to ride the train once it’s finished.


Crist proposes $3 billion increase to state budget

Gov. Charlie Crist’s bottom line for his fourth budget: $69.2 billion up from the $66.5 billion passed last year.


Failed real estate deal costs Florida pension $266 million

A multibillion-dollar Manhattan development formally unwound this week after costing the state’s pension system $266 million and fueling a debate over oversight of the $113 billion fund.


Florida bankers move to dramatically speed up the foreclosure process

If bankers get their way, Floridians facing foreclosure could be kicked out of their homes in as little as three months.


Dennellon City Likes Red-Light Camera Idea

It has been nearly a year since Dunnellon gave the green light to red-light cameras, but to date, no lead-footed scofflaws have received a single citation in the mail.


Florida says it can’t take more injured from Haiti

Florida officials have stopped medical flights from Haiti after learning federal officials intend to move as many as 50 more patients a day from the devastated island to the U.S. for an indefinite period.


Biofuel Boost in Indian River County

Biofuel refineries and jobs have been long on promise and short on delivery, but prospects of a demonstration plant materializing in Indian River County seem more concrete now that the federal Energy Department has awarded its developers a $50-million grant.


Editorial:  Draw the line on politics; Amendments can stop Florida gerrymandering

The U.S. Supreme Court just gave much more control over elections to special interests. In November, voters in this state can shift some control over Florida elections back to the people.


GOP foes won’t back Lynch if he wins primary for Wexler seat; tax liens the issue

Republican congressional hopeful Ed Lynch says his $1.365 million in tax liens and the $143,617 in court judgments against his contracting business shouldn’t be viewed as negatives but as proof he’s willing to stand up to the federal government.


News Release:  Guy Carpenter and GC Securities, a Division of MMC Securities Corp., Announces Completion of 144A Catastrophe Bond – Foundation Re III Ltd.

Cat Bond Transaction Provides Per-Occurrence PCS Index Protection for East and Gulf Coast United States Hurricanes

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, and GC Securities, today announced the completion of a $180 million, single-class note issuance from a new 144A catastrophe bond program, Foundation Re III Ltd., a Cayman Islands exempted company licensed as a Class B insurer, to benefit Hartford Fire Insurance Company and certain affiliates and subsidiaries.


Texas Agent and Former Windstorm Association Chair Dies at 81

Corpus Christi independent insurance agent and former Texas Windstorm Insurance Association chairman, Lloyd L. Grove Jr., passed away Jan. 24 at the age of 81.


RMS Analyzes Haiti Earthquake, Regional Repercussions

Risk Management Solutions has released a report on the impact of the earthquake that struck near the Haitian capital Port-au-Prince on January 12. 


NAIC:  Insurance Regulators Work to Protect Consumers from Fraud

State regulators call for stiffer penalties, decertification of fraudulent insurers

State insurance regulators put fighting fraud at the forefront during a national dialogue on combating health care abuses.


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