Capitol to Courthouse Headliners: Tuesday, September 14
Sep 14, 2010
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The board of insurance company Horace Mann Educators Corp. said Monday it has named an interim chief executive after learning CEO Louis Lower pleaded guilty to driving under the influence and has begun serving a 60-day jail sentence in Florida.
State insurance regulators will hold a public symposium next month in the Orlando area about how to improve the state’s stormy property insurance industry.
Correction: Insurance Journal regrets an error in the original headline of this story, posted on Sept. 13, 2010, that incorrectly stated Star Casualty’s ratings were downgraded. Star Casualty’s ratings were affirmed.
A federal judge in Pensacola, Fla., indicated today that he will likely allow a Florida lawsuit challenging the new federal health care reform law to go to trial, the Pensacola News Journal reports.
Florida’s prescription drug monitoring plan likely will not launch by the Dec. 1 deadline set in the law because of a protest filed by a company that lost the bid to set up the electronic database.
Insurance giant Humana is hiring about 180 people in the Tampa Bay area as it ramps up for the January opening of a new insurance program.
Fifteen months after Gov. Charlie Crist signed a law making it easier for low-income families to get health insurance for their children, more people are doing just that.
Florida Sen. George LeMieux was one of two Republicans to break with their party today to clear a bill that would create a $30 billion government fund to free up lending for small businesses.
A joint House-Senate panel is considering the adoption of a revised long-range outlook that would cut Florida’s estimate budget gap by more than half to $2.5 billion for next year.
Thrasher raises some questions about Crist’s use of party funds
The Republican Party of Florida could decide by the end of the week when to release a report on the use of party funds under its former chairman and whether to embark on a lawsuit against Gov. Charlie Crist, state party Chairman John Thrasher said.
Bauer Financial’s report rated 29 South Florida-chartered banks “problematic” or worse in Q2, indicating Florida’s role as the nation’s leading punching bag for banks won’t let up soon.
Federal regulators have given the Bank of Miami until the end of the month to raise capital.
The trial of former Republican Party of Florida chairman Jim Greer on six felony charges of theft, organized fraud and money laundering had been scheduled to begin on Oct. 18 – the first day of early voting.
The Sunshine State was awarded $3.16 million by the Justice Department that will be used to improve the quality, completeness and accessibility of records under the National Instant Criminal Background Check System (NICS).
When Gov. Charlie Crist announced the Florida Back to Work program late last year, he said the jobs package would pay $200 million in wages to 10,000 workers. As the program draws to a close at the end of the month, the numbers fall far short of those goals.
In a move that could boost gay couples’ rights, Gov. Charlie Crist said Tuesday that he’ll consider ending a legal battle over same-sex adoptions.
El Salvador President Mauricio Funes is calling for unity across the Americas in combatting problems like narcotrafficking and in solidifying democratic governance.
Robert Fleeting had a simple plan when his company, Coral Reef Partners LLC, bought a condemned six-story waterfront hotel in St. Pete Beach in 2004: Tear it down and spend $60 million to build a resort community featuring twin 12-story towers with 248 units.
The Florida Sports Hall of Fame officially opened Tuesday at the Lake Myrtle Sports Complex in Auburndale.
A short-term National Flood Insurance Program (NFIP) extension to December is problematic because Congress’ schedule toward the end of the year is uncertain and another lapse could result, an agent association representative said.
Allstate Property and Casualty Insurance Co. has until Sept. 23 to submit documents to support its requested 44 percent rate increase in Mississippi.
The seven-year saga over State Farm Insurance and how much it owes its customers for alleged overcharges was prolonged again Monday as a state judge was forced to step down from the case because he is a State Farm customer.
AssuranceAmerica Corporation announced today that Sheree Williams has joined AssuranceAmerica Corporation as its Senior Vice President and Chief Financial Officer effective September 13, 2010.
First American Title Insurance Company has launched its new Mortgage Services division, which is designed to address the title, settlement and valuation needs of residential originators with national retail platforms.
The U.S. property/casualty insurance industry’s reserves currently are slightly redundant, but expected continued reserve releases are a concern, A.M. Best Co. Inc. said in a Tuesday report.
The insurance industry is facing political and regulatory tension between the US and Europe that threatens to make life more difficult for companies doing business in the US – and more costly for US consumers.
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