Capitol to Courthouse Headliners: Monday, July 6
Jul 6, 2009
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Negotiations between Florida regulators and State Farm Florida concerning the insurer’s plans to withdraw from the state’s property insurance market appear to be at a stalemate, and with a deadline approaching, an administrative court date looks imminent.
Citizens Property Insurance board will decide Wednesday how to move toward greater financial soundness, including a proposal to reject rate cuts for policyholders that would cost some ratepayers thousands in cheaper premiums. Its choice won’t be final. State regulators make that call for rates that go into effect in January.
Florida residents and business leaders told federal lawmakers Thursday that the rising cost of property insurance is hitting state residents and the economy hard, and called on Congress to pass legislation for a “catastrophe fund” to help local homeowners.
The Citizens Property Insurance board will decide Wednesday how to move toward greater financial soundness, including a proposal to reject rate cuts for policyholders to get there faster and cost some ratepayers thousands in cheaper premiums.
Regarding Gov. Charlie Crist’s June 24 veto message pertaining to HB 1171 and the consequent reduction of homeowner policies currently issued by national companies, I wish to address four points.
Gov. Charlie Crist got a crackback block from The Wall Street Journal for his veto of the bill-not-to-be-called the State Farm bill.
A longtime Allstate agent and veteran of the Florida House of Representatives has announced his candidacy for Florida chief financial officer in a race likely to see some focus on the state’s fractured insurance market.
With better forecasting and communications, emergency managers consider easing up on evacuating tourists for every hurricane threat.
Twice last year, tens of thousands of visitors were ordered to leave the Florida Keys when far-off tropical storms threatened. Both Fay and Ike wound up as little more than blustery side-swipes.
It left millions without power for weeks, triggered long gas lines, took out traffic lights and trashed the region with debris.
The five homeowners, identifying themselves as representatives of the group, claim it will cost a minimum of $120 million to repair the cracks responsible for the leaks in 8,000 homes built by the financially troubled construction company
Gov. Charlie Crist last month put a welcome end to so-called crash taxes when he signed into law a bill prohibiting police agencies from charging drivers for investigating traffic accidents.
The U.S. Justice Department is investigating corruption allegations by an indicted Fort Lauderdale insurance executive who, in a bid for a favorable plea deal, has named lawyers, lobbyists and fund-raisers he claims plotted with him to thwart a state crackdown on him and his industry.
The U.S. Occupational Safety and Health Administration has opened an investigation into the death of an operator of Walt Disney World’s monorail train, and will look into whether any workplace safety rules were broken that led to 21-year-old Austin Wuennenberg’s death Sunday when a monorail train crashed into another one.
New Medicare payment rules are starting to strangle local small oxygen suppliers by forcing them to turn away business.
Floridians have received less federal stimulus money than any of their fellow Americans, despite an unemployment rate here that ranks among the highest in the country and a budget crisis that few states can match.
Meeting with business leaders last week, Florida’s Speaker of the House Larry Cretul, R-Ocala, says lawmakers can be more efficient in how they handle the state’s business and can spend less time – and taxpayer money – in the process.
Term-limited House members move to Senate.
Floridians overwhelmingly approved eight-year term limits for Florida lawmakers in 1992, but they have unwittingly created a revolving door that leaves the Senate rich in experience and the House filled with aspiring senators.
Florida regulators — over objections by the state’s top banking lawyer — gave sweeping powers to banker Allen Stanford, accused of swindling investors of $7 billion.
Years before his banking empire was shut down in a massive fraud case, Allen Stanford swept into Florida with a bold plan: entice Latin Americans to pour millions into his ventures — in secrecy.
Privacy was a concern when state Rep. Ray Sansom began discussions with Northwest Florida State College President Bob Richburg about working for the college.
A looming ‘gray wave’ of Baby Boomers expected on the nation’s highways over the next two decades has prompted states to launch programs aimed at allowing seniors to keep driving as long as they can without endangering themselves or others.
A Federal Court judge in Sacramento, Calif., has ruled that Greyhound could be liable for failing to put seatbelts on its buses.
After three years as commissioner of the Department of Banking and Insurance, Steven Goldman will leave July 15 to resume his private law career.
Courtney Love sued after allegedly posting comments on social networking sites
When Courtney Love fell into a dispute with a clothing designer this year, she aired her beef on MySpace and Twitter.
Concert promoter AEG Live’s chief executive said that insurance will help cover any losses on the now-canceled Michael Jackson concert series if the pop star died accidentally — including of a drug overdose — but not if he died of natural causes.
There’s a meme doing the rounds – I fear it may have been caught by my colleague Rolfe Winkler – that credit default swaps are insurance products, and that therefore they should be regulated by insurance regulators. So before this nonsense spreads any further, it’s worth explaining just why that’s a very bad idea.
The Hartford Financial Services Group is suing Arch Insurance Group for allegedly poaching its financial products division of executives and stealing trade secrets.
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