Capitol to Courthouse Headliners: Thursday, May 21
May 21, 2009
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Sen. Mike Bennett, R-Bradenton, wrote Insurance Commissioner Kevin McCarty that lawmakers can no longer trust his word after he suggested to Gov. Charlie Crist that he veto a bill, which could result in higher property insurance rates for consumers who are willing to pay more.
Those with wind-only policies at Citizens Property must reapply
Thousands of Citizens Property Insurance customers have been notified that their policies are being discontinued, but they remain eligible for coverage from the state-backed company.
Residents, business owners should insure for ‘replacement cost’
With the start of the 2009 Atlantic hurricane season just 11 days away, now is the time for Gulf Breeze residents to review their homeowner property insurance and ensure that they have sufficient coverage.
A bill now awaiting the signature of Gov. Charlie Crist would open up the state’s insurance market to all comers – at least those that were sufficiently capitalized.
When it announced last week that it would rely on the Florida Hurricane Catastrophe Fund alone for its reinsurance, Florida Citizens Property Insurance Corporation placed an already financially troubled state in deeper fiscal peril.
Magazine publisher and former Republican presidential candidate Steve Forbes on Wednesday told attendees of the 83rd annual meeting of the American Association of Managing General Agents that insurers should choose who will regulate them.
Federal Emergency Management Agency Director Craig Fugate, who helmed Florida’s Division of Emergency Management before assuming his new role, will visit Florida on Friday to tour hurricane response centers and Miami Port operations with U.S. Homeland Security Secretary Janet Napolitano and Immigration and Customs Enforcement (ICE) Assistant Secretary John Morton.
Congressional leaders have raised concerns about the availability of temporary housing from FEMA housing stock as hurricane season approaches.
The new version of FEMA trailers may be available in hues of rose and peach, include cozy front porches and full-size kitchen cabinets, but the cosmetic touches can’t mask a question: Are there enough to dispatch to Florida in the event of a major hurricane?
DeBary lands $7.5 million in FEMA funding
The city of DeBary will begin construction in July on a $10 million project designed to ease flooding problems, thanks to $7.5 million in Federal Emergency Management Agency funding.
From Gov. Charlie Crist to emergency personnel in 17 local agencies with waterfront responsibilities, National Boating Safety Week, May 16-22, was being taken very seriously at last week’s kickoff event in Lee County.
Florida Sen. Bill Nelson, along with Sen. Mary Landrieu, D-La., filed a budget amendment Wednesday seeking $2 million in emergency funding for Chinese drywall testing.
Fort Lauderdale is joining the many cities using video cameras to capture red-light runners at intersections; Tuesday night, city commissioners unanimously approved a law that sets out the details on how this will work, although the law still needs a final vote, in two weeks.
A new report by activists backing President Barack Obama’s plan for health care reform says a few private health insurance companies have built “a near-monopoly” in Florida, burdening families and businesses with premiums that grew more than three times faster than wages from 2000 to 2007.
WellCare Health Plans’ termination of 360 employees, announced Wednesday, would seem to fall into the category of bad news. But not to Wall Street.
Governor Charlie Crist today, continuing his ongoing focus on strengthening Florida’s economy, signed four economic-development bills that will help create jobs, encourage economic growth and improve the standard of living for Florida’s families.
Senator Mike Fasano and Representative Will Weatherford announce that Governor Charlie Crist has signed HB 485, which creates the Florida New Markets Development Program, into law today.
Gov. Charlie Crist added to his roster of national endorsements for his U.S. Senate run today with the support of John McCain.
Worried about how a development project might deplete the public water supply, destroy wetlands or alter a watershed?
Gov. Charlie Crist says his goal was a more diverse court system, but in a case before the Florida Supreme Court he is accused of violating the Constitution by rejecting all six candidates for a vacancy.
Finally, it appears, the shell game the Republican-led Florida Legislature has been playing with the state budget to avoid raising general taxes is coming back to haunt them.
Businessman Nick Loeb is challenging state Reps. Ellyn Bogdanoff, Carl Domino
Three Republicans just jumped into the race for Florida Senate in Broward and Palm Beach counties, part of the continuing fallout from Gov. Charlie Crist’s decision to run for the U.S. Senate instead of seeking a second term.
With the shakeup continuing in Florida politics, state Rep. Pat Patterson said Wednesday he likely will run in 2010 for state chief financial officer.
While insisting that he will “make no apologies” for taking sides in the race for governor, state GOP Chairman Jim Greer says the party is neutral in the U.S. Senate primary.
CEO rips cuts made in the last minute
When Florida’s lawmakers went into final negotiations over a pared-down $66.5 billion budget there was more than $8 million included to widen the entrance to Port Canaveral.
A surplus of more than $75 million left in an insurance incentive program should not be distributed to homeowners as required by law, a Senate committee decided today.
The State of Louisiana currently allows for a reduction of insurer license fees if the payer files a sworn statement showing that, as of December 31 of the reporting period, certain admitted assets of the insurer were invested in qualifying Louisiana investments.
Americas Insurance Co., which took on nearly 1,000 homeowner policies that had been covered by Louisiana’s insurer of last resort, said it is entering the voluntary homeowners’ market.
Windstorm insurance reform legislation suddenly got voted out of a House committee Wednesday after Gov. Rick Perry threatened to call a special session on June 2 if the bill does not pass.
As it girds for hurricane season, Texas has plenty to worry about. The Texas Windstorm Insurance Association (TWIA) – which provides coverage for high risk coastal properties – has ended up at the brink of insolvency paying Hurricane Ike claims.
The financial crisis had no single cause. But everyone knows that regulatory failure played a role and that one of the biggest mistakes was to allow “regulatory shopping” – in which banks and other financial firms were permitted to choose their own regulator.
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