Capitol to Courthouse Headliners: Monday, May 19
May 19, 2008
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Insurance surcharge may be on way
The possibility Florida residents could soon be faced with higher surcharges on their home, auto and other insurance policies because the state’s catastrophe fund needs more money to pay claims from past hurricanes doesn’t set well with Andy Zawodny.
About 100,000 Florida homeowners are facing the 2008 hurricane season with a different insurer.
A property insurance company devoted solely to insuring the houses of Florida’s richest residents received a $17 million low-interest state loan that enabled multimillionaires to save an average of $4,700 a year on their premiums.
It’s risky business getting too enthusiastic about the state’s efforts to rein in the property insurance industry.
Hurricane season starts in two weeks.
Even more frightening: One of the biggest pocketbook issues over the past year – property insurance rates – got short shrift from the Legislature this session.
Welcome to the scene of the crime.
Aura Marchany was planning to use this year’s sales tax holiday to buy windows and a door, items for her home that is still in need of repair from past hurricanes.
Vendors at conference get creative as ‘hurricane amnesia’ looms large
Surviving a hurricane does not have to be all bad. It can even involve a touch of luxury.
Hurricane Charley, one of the most destructive storms to strike the United States, is getting the Disney treatment.
A new exhibit opening in late August at Disney’s Epcot Innoventions pavilion will put visitors in the eye of the storm’s lashing Category 4 winds using 3-D technology and surround sound.
Evol Higgins, 28, can’t wait to vote in the presidential election in November.
Helping make Florida affordable again and restoring the state’s economy were the top priorities this year for the House of Representatives.
Drought-stricken Florida continued to burn over the weekend as crews battled fires from Everglades National Park to the exposed lake bed of mammoth Lake Okeechobee.
Put aside the Clinton vs. Obama and McCain fights for a moment and consider a summer of political ads accusing black-hat corporate interests of getting million-dollar tax breaks at the expense of hard-working Floridians if they approve an amendment to the state constitution.
Use of cameras to enforce the law remains in local hands
The failure of the Legislature, once again, to pass a law allowing the use of cameras to ticket red-light runners places the responsibility back in the hands of local government.
Florida is investing millions to produce the biofuel, but studies suggest it may be far worse for the planet than gasoline.
In its bid to halt climate change, Florida has pumped nearly $50 million into ethanol projects in the past two years.
Welcome to the first post-macaca election cycle.
The head of the Florida AFL-CIO, leaders of the state teachers and public employee unions and four state legislators were among delegates chosen Saturday for the Democratic national convention by state party officers hoping to get out of the political “penalty box.”
strong support in the Senate last week for legislation reauthorizing and reforming the National Flood Insurance Program, it remains unclear howâ€”and how promptlyâ€”Congress will move to reconcile the Senate bill with a far different House version.
A House committee looking into defense contractors has alleged that the Department of Defense (DoD) has been lax in its management such that insurance companies providing workers’ compensation for civilian employees in Iraq and Afghanistan may have collected $585 million in excess profits over the past five years.
Casino owner Pinnacle Entertainment Inc. settled a lawsuit with two insurance companies over Hurricane Katrina damage to the company’s property in Mississippi.
A federal judge has ordered Mississippi attorney Richard “Dickie” Scruggs to turn over policyholder records to State Farm Fire and Casualty Co. within 15 days.
Global warming isn’t to blame for the recent jump in hurricanes in the Atlantic, concludes a study by a prominent federal scientist whose position has shifted on the subject.
Ideas easier to come by than models to manage underwriting profits
Although no two program administrators travel the same roads to success in the program business segment, the unique approaches they develop to deliver consistent underwriting results to carrier partners all start the same wayâ€”with a massive research project.
Some Alabama motorists may need to buy more auto liability insurance in a few months.
Insurance professionals took note recently when a Franklin County, Ohio judge awarded $3 million plus legal costs to a family whose central-Ohio home became overrun with toxic mold, presumably caused by the contractor’s defective construction techniques and means.
The Arizona Legislature has passed a bill designed to allow captive insurers to cover employment practices liability risk and remove the requirement that at least one incorporator be a resident of the state.
American International Group held its annual meeting last week, facing only limited fire from shareholders over a bottom-line loss of $7.8 billion announced days earlier, even after some public criticisms of management voiced by the companyâ€™s former chairman.
Insurance agents to stay relevant with an increasingly tech-savvy consumer base must update Web sites to offer the type of electronic services these consumers demand, professionals at an industry conference here advised.
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