Capitol to Courthouse Headliners: Monday, July 13
Jul 13, 2009
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As we head into the active months of the hurricane season, Floridians can take some comfort in knowing that this year lawmakers faced up to the financial risks they created.
They took on the challenge of revitalizing Florida’s property-insurance market.
Magicians will tell you that one of the keys to a successful illusion is the willingness of the audience to believe that what it is seeing is real. The building really is levitating. The elephant really is walking on water.
Sun, sand and seniors are not enough. Florida needs to diversify
Sailors of old sometimes mistook manatees for mermaids, which shows how months at sea quaffing rum and missing female company can cloud one’s vision.
Today marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h.
Attorney General Bill McCollum and Florida Agriculture and Consumer Services Commissioner Charles H. Bronson today announced a groundbreaking $2.275 million settlement with Morgan Stanley Capital Group Inc. and a subsidiary,
Home builder Lennar Corp. has set aside nearly $40 million to deal with homes that it built using defective Chinese drywall, the company said in a regulatory filing on Friday.
Ed Hoffman is a careful guy. His well-maintained Port St. Lucie home sits on a shady corner lot just off Port St. Lucie Boulevard, not a blade of grass out of place.
Cape Coral drivers are the safest in Florida, according to an Allstate Insurance Company report released last week.
At least five counties in the Big Bend are better prepared for hurricanes and other storms than they were a year ago.
Treasure salvors searching for an 18th-century wreck in the Florida Straits a few years ago made a fascinating but little noticed discovery. Not buried treasure. Buried land.
Florida has received $11.2 million in stimulus money from the U.S. Environmental Protection Agency to assess and clean up underground storage tank petroleum leaks.
Smokers, beware: If you have relied on the Seminole and Miccosukee tribes’ smoke shops as a tax-free haven for cigarettes, think again.
It took 25 years for BankUnited Financial Corp. to blossom into Florida’s largest homegrown financial institution.
The freshly painted walls and cherry wood-colored bookshelves in Priscilla Taylor’s new county commission office are bare.
Even as state leaders cut back on education spending while hiking taxes and fees on Floridians, there’s one area they won’t touch: state employee benefits.
Alex Sink is leading Bill McCollum in fundraising for governor, but she also has used her campaign cash to repay for use of a state plane.
State Chief Financial Officer Alex Sink is the top fundraiser in the governor’s race, but her financial report released Friday suggests she’s in damage control over her use of state airplanes.
So far, even with other statewide races crowded with candidates, Lt. Gov. Jeff Kottkamp is the only big-name Republican talking seriously about running in the GOP primary for attorney general.
The campaign to succeed Florida’s longest-serving state legislator next year will feature a unique field in one of the hottest races of 2010.
State District 25 fight to be noisy, expensive
Hang on, Broward and Palm Beach County voters. One of the most contentious and expensive political battles of the 2010 election season has already started. Currently a focus of state and local political insiders, it will end up filling your TV screens, mailboxes and e-mail accounts.
Republican Marco Rubio doesn’t have the money and recognition Gov. Charlie Crist has, yet the former House speaker is predicting he can still beat Crist if the Senate race is about ideas.
Gov. Charlie Crist is taking his U.S. Senate campaign to the Hamptons next week to raise cash at a fund-raiser in the Sag Harbor home of Bobby and Jill Zarin.
Drivers may have dodged the privatization of Alligator Alley when the state received no bidders to lease the road. But that doesn’t mean they got out of a possible toll increase. It also doesn’t mean privatization is off the table.
As mammoth subdivisions got approved amid worsening traffic congestion during the housing boom, residents were continually assured by local officials that future road improvements were covered by developers.
Congressman Likens Situation To Madoff Scandal
U.S. Rep. Alan Grayson, known on Capitol Hill for aggressively questioning key players in the nation’s financial crisis, has suffered a “financial disaster” of his own, he confirmed to Local 6.
This week, the Citizens Property Insurance Board of Governors approved a ten-percent rate increase on premiums.
The governing board of Louisiana’s state-backed property insurance firm has postponed for one month a decision on whether to change the fee paid by policyholders to pay off debt incurred because of claims from Hurricane Katrina.
Swiss Re plans to sell a $125 million catastrophe bond covering losses to North Carolina’s insurer of last resort from hurricanes in the U.S. state, investors and credit rating agency S&P said.
A North Carolina House committee seeking a fix for an underfunded coastal insurance program has backed cutting the current coverage maximum of $1.5 million per home by half.
Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced that it has named Chris McKeown as Chief Executive Officer of Global Analytical and Specialty Practices.
A thousand insurance agents and brokers will converge on Washington D.C. this week to lobby members of Congress and their staffs on health reform.
Last month, the two professional services firms said they would combine in a $3.5 billion deal.
The New Jersey Department of Banking and Insurance recently issued Bulletin 09-21, which advises that amendments to N.J.S.A. § 17:22-6.59 and 17:22-6.64 were enacted on June 29, 2009. The amendments change the surplus lines premium tax rate from three percent to five percent.
State-based oversight is why “Rome is not on fire” when it comes to insurance regulation, and that system must be defended against a “hurricane” of federal intrusions, the chairman of a key National Conference of Insurance Legislators’ committee said.
A southern New Jersey county has approved a $4 million settlement that could end a class-action lawsuit over strip searches done at its jail.
The list of Ward’s 50 top performing insurance companies was released by Ward Group, an operational consulting firm and leading provider of benchmarking and best practices services to the insurance industry.
Results for the property-casualty industry over the next few years will be driven by the 2009 recession, mixed insurance premium pricing momentum, and modestly deteriorating underwriting results, according to the most recent Property-Casualty Industry Forecast by Conning Research and Consulting.
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