Capitol to Courthouse Headliners: Friday, July 9

Jul 9, 2010


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Citizens Property Insurance’s Failure to Sell Entire High-Risk Account Bond Issue Prompts Moody’s Rating Withdrawal

Moody’s Investors Service advised on July 7, 2010 that it has withdrawn its rating on Citizens Property Insurance Corporation’s Senior Secured Bonds Series 2010A-4 Federally Taxable (LIBOR Floating Rate Notes), inasmuch as Citizens had planned to issue four sub-series of bonds, but ended up issuing only three.


Florida:  Comp Rates to Decline by More Than 4 Percent, Officials Say

The National Council on Compensation Insurance proposed a 4.2 percent workers’ compensation insurance rate cut in its Office of Insurance Regulation filing. Insurance Commissioner Kevin McCarty said this will mark the eighth decrease since reforms were put into place in 2003, bringing the statewide average drop in rates to nearly 65 percent.


Medical device makers won’t pay for state inspections

Medical device manufacturers in Florida now face one fewer set of fees and regulations.


Crist’s plan for offshore drilling ban met mostly with opposition

Some say he is more concerned with Senate bid than oil spill

Gov. Charlie Crist’s call for a special session to consider a constitutional ban on oil drilling in state waters met with mixed reaction Thursday, with Republicans and business groups slamming the proposal and even some Democrats saying it fell short of what was needed to help Gulf Coast residents.


State Senator Mike Bennett to file immigration bill modeled after Arizona’s

Sen. Mike Bennett, R-Bradenton, has submitted a draft request to Senate Bill Drafting on illegal immigration, modeled after the recently enacted Arizona law, he announced in a press release this afternoon.


Blog:  Summit pushes the state to focus on renewable energy instead of oil drilling issues

Senate President-designate Mike Haridopolos and a group called Citizens for Clean Energy held a summit in Orlando Thursday to push renewable energy legislation, especially in light of the Gulf oil spill.


Column:  Florida anglers get backing from Agriculture secretary

Florida’s Agriculture Commissioner is playing the pity card on behalf of Florida’s fishermen.  They need it.  Commissioner Charles Bronson this week announced a public-service advertising campaign to reassure consumers that Florida’s fish, shrimp and oysters are safe to eat.


7 southeast Florida counties to seek $5 million to create regional plan

An alliance of seven counties is seeking a federal grant to create a unifying vision for Southeast Florida.


Merck to sell Miami Lakes plant

Merck & Co. plans to sell its Miami Lakes manufacturing and packaging plant as it slashes 15,000 jobs across the world.


Baptist Hospital of Miami Dedicates Maternity Waiting Area to Dosal Family Foundation

Baptist Hospital of Miami dedicated a maternity waiting area today, July 9, 2010, in the name of The Dosal Family Foundation, which donated $250,000 to be used toward the purchase of a robotic da Vinci Surgical System.


Michigan Supreme Court Lifts Ban on Use of Credit Scores by Insurers

The Michigan Supreme Court has ruled that the Granholm Administration exceeded its authority when it banned the use of credit scoring by insurance companies in the state.


Insurance Commissioner Jim Donelon picks Alabama regulator to take over Citizens Insurance

A top-ranking official of the Alabama Department of Insurance has been named by Insurance Commissioner Jim Donelon to be the new president and chief executive officer of the Louisiana Citizens Property Insurance Corp.


Insurer Ace Replaces Millipore on S&P 500

Standard & Poor’s Thursday said it will add property and casualty insurer Ace Ltd to its flagship Standard & Poor’s 500 stock index after the close of trading on July 14.


New York To Consider Further E&S Export List Expansion

The New York State Insurance Department will hold a hearing in August to discuss further expanding the state’s excess and surplus lines “export list” after adding coverages to the list last year.


USI Holdings names regional CEO

USI Holdings Inc. said Thursday that James W. Dunn has been named CEO of the Southeast region.


Pulling back the curtain on redistricting

Every 10 years — unfortunately, sometimes more frequently — legislative district lines are redrawn to balance population for demographic changes revealed by the census.


Lady Gaga’s Insurance Co. — You’re On Your Own!

Everyone in the music business wants to be associated with pop sensation Lady Gaga — except for her insurance company. 



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