Capitol to Courthouse Headliners: Thursday, April 15
Apr 15, 2010
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A proposal to lessen regulation to allow higher property insurance rates cleared its final House hurdle Wednesday and is on the way to the floor with backers hoping it may withstand a feared veto.
Call it Round 3 between the Legislature and Gov. Charlie Crist.
St. James Insurance Group, based in Orlando, Fla., has re-entered the commercial lines business after a five year absence.
American Integrity Insurance Company, headquartered in Tampa, announced today that it will provide insurance coverage for thousands of Northern Capital Insurance Company’s policyholders.
U.S. Sen. Bill Nelson said he pressured Chinese President Hu Jintao at a break on Tuesday from the Nuclear Security Summit on the issue of Chinese drywall.
Sen. Bill Nelson and Rep. Ron Klein, both Florida Democrats, introduced the Homeowners’ Defense Act. According to Mr. Klein, this proposal would “spread the risk” of natural disasters, which means mitigating his constituents’ risk by putting the rest of the country on the hook. The motive is clear, as Florida has a track record of racking up billions in damage from hurricanes. In 2004, Hurricane Charley caused $13 billion in destruction, and Hurricane Wilma’s price tag reached $20 billion the following year.
Within the last few days, the Florida Office of Insurance Regulation has announced that another Florida domestic homeowners insurer, Northern Capital Insurance Company, “is insolvent.” With that announcement, a dangerous and very troubling pattern is becoming clearer: Gov. Charlie Crist’s reforms of 2007 are failing and thousands of Florida homeowners are being harmed.
I couldn’t agree more with Florida Insurance Commissioner Kevin McCarty’s latest letter to the media asserting that facts – not mischaracterizations – should drive the public policy debate on Florida’s deteriorating property insurance market.
Bills that would set statewide parameters for use of high-tech cameras to catch red-light runners Wednesday won committee approval in both chambers of the Florida Legislature.
Rampant car insurance fraud is moving, like a tropical undergrowth, from South Florida to Central Florida, causing accidents, injuries and unnecessary increases in the car insurance rates of all Floridians.
The payment per claim for prescription drugs used to treat injured workers in Florida was nearly 40 percent higher than in most study states, according to a new study by the Workers Compensation Research Institute.
Gov. Charlie Crist signed a bill Wednesday that will make it harder to win slip-and-fall lawsuits against Florida businesses.
Faced with a rules challenge from Democrats, Republican leaders in the House have agreed to strip a bill of amendment language added last week to give Attorney General Bill McCollum more ammunition to pursue his legal challenge of the new federal health-care law.
A federal judge intends to fast track a lawsuit by at least 18 states that seeks to overturn President Barack Obama’s health care overhaul, he told attorneys Wednesday.
Florida closed an Oakland Park pain clinic as part of a campaign against South Florida’s black market in painkillers.
Flexing new oversight powers, the Florida Department of Health has shut down an Oakland Park pain clinic for operating without the supervision of a full-time doctor, as required by law.
After weeks of protest and a deluge of messages, Gov. Charlie Crist on Thursday vetoed a bill that would link teacher pay to student test scores and wipe out tenure for new teachers.
The Florida Senate is set to vote on a new compact allowing the Seminole Indians to expand gambling at tribal casinos.
The Senate Communications, Energy and Public Utilities Committee gave a preliminary nod Wednesday to Gov. Charlie Crist’s two latest picks for the Public Service Commission, David Klement and Benjamin “Steve” Stevens.
The Florida Chamber of Commerce announced today that it is pushing for Florida to double its exports in the next six years.
“Glacial slowness” in imposing water pollution cleanup standards leaves Everglades restoration “rudderless,” according to a judge’s blistering ruling Wednesday that faults federal and state environmental officials for delays.
They’re a small but powerful group of people in an office deep within the state government called the Office of Public Counsel, and for decades, they’ve been an independent champion of utility customers in Florida.
After the blatant examples of Public Service Commission staffers and commissioners being too cozy with the utilities they regulate, lawmakers should be addressing the situation directly.
I suppose there is no point in saying that the Legislature is doing something stinky. It sort of goes without saying.
Trying to strengthen the patchwork of sex offender residency laws in Florida, the state House will vote Thursday to establish a 300-foot, 24-hour buffer zone around schools and places where children congregate.
As the legislative session heads toward its final two weeks, state lawmakers are letting too many important issues slide into oblivion.
Ease class-size limits – check. Cut corporate income taxes – check. End tenure for new teachers and link teacher raises to student performance – check (for now).
Another furor erupted Wednesday over whether Gov. Charlie Crist will run as an independent for the U.S. Senate. It happened when Crist and his campaign manager dismissed or refused to answer questions about the possibility, which the campaign flatly denied last week.
Two of the main sectors that drive Florida’s economy are the construction industry and those classified as part of the service industry.
A measure that would restore lapsed jobless aid for hundreds of thousands of Americans and reauthorize the federal flood insurance program cleared a hurdle in the Senate Wednesday, clearing the way for passage later in the week.
- Trade groups call for Senate action on flood insurance
- PCI Joins Senate Democrats in Urging National Flood Insurance Program Reauthorization
A state judge Thursday issued a temporary court order barring the Texas Department of Insurance from posting on its Web site certain relating to State Farm’s two recent rate increases for homeowners insurance.
Assurant Inc. is planning to launch a $100 million catastrophe bond to cover a portion of its U.S. hurricane exposure, a market source confirmed Wednesday.
A Mississippi couple and the insurer they were suing over hurricane damage to their coastal home from Hurricane Katrina have settled their closely-watched case out of court. The terms were not disclosed.
An attempt by the Army Corps of Engineers to correct old data on water flows in the Mississippi may have led to underestimates of the current risk of flooding along the river, scientists argue in a new study.
A bill wending its way through the Legislature aimed at protecting a small Insurance company from a hostile takeover will have a chilling effect on investment and job creation in the state, an opponent said today.
Policy analysts at the Center for Finance, Insurance, and Real Estate, a project of The Heartland Institute, today sharply criticized a Dallas Morning News report about insurance company profitability.
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