Capitol to Courthouse Headliners: Friday, October 16
Oct 16, 2009
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Public Adjuster Pockets over $100,000, All Victims are Over the Age of 72
Florida CFO Alex Sink today announced the third arrest this year of a South Florida public adjuster accused of bilking three senior citizens out of more than $100,000 in insurance compensation that was supposed to be spent to repair the victims’ homes.
INSURANCE: Barred for life from industry, he says he avoided playing direct role
Former Riscorp founder and convicted felon Bill Griffin was closer to American Keystone Insurance than state regulators ever knew.
Floridians want straight talk from public officials. They want to be able to form opinions on the direction our state is headed with all the facts on the table.
Insolvencies and losses undermine confidence in state’s property insurance system
Barring the surprise of a late-season storm, Florida will be spared from hurricane damage this year. Yet the state’s property-insurance system has taken direct hits — including one that strikes close to home.
U.S. Sen. Bill Nelson, D-Fla., lashed out at some of Florida’s top insurance companies Thursday in response to several of them starting to drop coverage for homeowners who have tainted Chinese drywall.
A new Lloyds product designed to eliminate force-placed insurance is available in Florida and includes a property and flood policy.
In New Orleans to check out Hurricane Katrina recovery efforts, President Obama touted his choice of FEMA chief, Craig Fugate — drawing a clear contrast between the veteran emergency services director and Katrina-era director, Michael Brown.
The Securities and Exchange Commission filed a civil injunctive action on October 16, 2009 against HomePals Investment Club, LLC and HomePals, LLC and their principals, Ronnie Eugene Bass, Jr., Abner Alabre and Brian J. Taglieri, alleging that they ran a Ponzi scheme and affinity fraud that targeted Haitian-American investors residing primarily in South Florida.
Four Tampa Bay area business leaders have been invited by Gov. Charlie Crist to take part in a statewide small business summit next month in Tallahassee he hopes will help establish ideas that can foster and promote free competitive enterprise for the states small business owners.
While Wall Street has been obsessing over the market’s return to 10,000, Main Street has been focused on a darker threshold: 1 million.
Democratic state Sen. Ted Deutch announced Thursday that he will run for Robert Wexler’s seat in Congress.
Armando Gutierrez Jr., a recent South Florida transplant to Orlando who wants to take on U.S. Rep. Alan Grayson, grabbed another endorsement, this time from state House Majority Whip Carlos Lopez-Cantera, R-Miami.
Rep. Corrine Brown is ending a Senate exploratory committee and choosing instead to run for re-election.
A poll commissioned by the Kendrick Meek campaign found that he trails Republican Charlie Crist by 47 percent to 31 percent in the . Meek?s pollster said, however, that when likely voters get an earful about Congressman Meek and his background he suddenly leaps into a lead over Crist by 43 percent to 38 percent.
Third-quarter campaign finance reports are in, providing a nice snapshot of the legislative races next year. There’s still plenty of time for new entrants and fortunes to change, but real money now piles up and the divide between the monied and the striving grows.
The Public Service Commission has approved rate increases to pay for building nuclear power plants that critics say aren’t needed.
From an office near the state Capitol, David Rancourt oversees a growth industry: the lobbying and public relations operation seeking to lift the long-standing ban on offshore oil and gas exploration in Florida.
Louisiana’s Department of Insurance improperly made $29 million in incentive payments to five insurance companies before having all the agreements finalized, according to an audit from Legislative Auditor Steve Theriot.
Using President Obama’s visit to New Orleans this week as his backdrop, Rep. Gene Taylor, D-Miss., again urged the Administration to reform the National Flood Insurance Program, including adding wind coverage to the national program.
Exploring the possible revival of the New York Insurance Exchange is one of the priorities of the new superintendent of the New York State Insurance Department, a department official said.
Agents and brokers at more than two dozen insurance agencies in Western and Central New York were fined as much as $5,000 each after accepting gift cards in return for recommending two specific glass shops to their customers. Another agent had his insurance license revoked.
State regulators, possibly within days, will approve the hiring of a firm to reassess the evaluations of 17,600 residential mortgage-backed securities downgraded by the major credit rating firms, an official said.
A new dispute resolution procedure developed by the Assn. of Insurance & Reinsurance Run-Off Cos. is expected to help streamline resolution of disputed claims, according to the association.
A U.S. Financial Accounting Standards Board proposal, intended to improve existing financial statements’ fair value accounting measurements, will actually make them difficult to compare and interpret, an insurance industry group said.
Marshall Kath of Dallas has been elected president of the National Association of Professional Surplus Lines Offices, Ltd.
The New Orleans Times-Picayune reports that New Orleans Mayor Ray Nagin travels to Cuba on Friday, Oct. 16th to talk with officials there about hurricane preparation.
Chief Justice John Roberts once famously and controversially described a judge’s role as akin to an umpire who merely calls balls and strikes.
The owner of a multimillion-dollar collection of artwork stolen last month has unexpectedly waived the insurance policy he owns to protect the paintings, Los Angeles police detectives confirmed Thursday.
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