Capitol to Courthouse Headliners: Wednesday, September 23

Sep 23, 2009



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Newest Florida Carrier, Prepared Insurance, Targets ‘Older’ Homes

Florida has given the go-ahead to a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002.


Tight budgets wash away beach restoration project

Because of federal and state budget shortfalls, an $11 million Duval County beach restoration project that had been planned for next year has been cancelled.


Chinese drywall stigma has local Florida companies hurting

Riffling through the stack the mailman brought, Louis Ville sighs and tosses two letters onto his desk: yet more claims against his company for installing defective Chinese drywall.


Florida’s Frank Crum Insurance now licensed in Virginia

Frank Winston Crum Insurance Inc. in Clearwater is now licensed to write workers’ compensation insurance in the state of Virginia.


Florida CFO Sink announces arrest of Escambia County man for insurricient workers’ comp coverage

Florida CFO Alex Sink today announced that her Division of Insurance Fraud has arrested an Escambia County man on charges of falsifying employment numbers with the intent of avoiding higher workers’ compensation premium payments.


HCA, Florida’s Humana sign two-year agreement

HCA and Humana have reached an agreement on a new two-year contract that enables Humana’s commercial and Medicare members to receive health care at HCA’s network of Florida hospitals and other providers through May 31, 2011.


Report: Mel Martinez will join law firm in Tampa

Mel Martinez wasn’t out of a job for long.


Fla. House gaming chief says no dice for quick Seminole compact approval

In another blow to the prospects for quick approval of Gov. Charlie Crist?s Seminole gambling deal, Rep. Bill Galvano has scrapped an October hearing on the issue and is instead initiating a broad-scope look at gambling in Florida.


Future Senate leader’s fund raking in dollars

To solidify his grip on the Florida Senate presidency following the 2010 election, Sen. Mike Haridopolos, R-Melbourne, is walking a familiar path: He is collecting as much money as possible from special interests to make sure his allies win elections.


Florida Legislature: The Aura Of Secrecy

Some people say former Florida House Speaker Ray Sansom is facing criminal charges for doing what powerful lawmakers have always done … steering money to his home district.


Utilities: Keep Executive Pay Secret

Florida’s two largest electric utilities want the courts to keep secret what they pay top executives and employees.


Florida ranked fifth-best tax climate

Florida ranked No. 5 business climate in US

Florida maintained its ranking at No. 5 among states with the best business tax climates, according to the annual study released Tuesday by the Tax Foundation.


Florida taxpayers to cover Delta’s losses for Tallahassee flights

Too bad if you haven’t flown Delta Connection’s 34-seat turboprops to Tallahassee from Tampa International Airport or Orlando before they go away next week.


Fla. court hears alleged tainted legal fees case

In a case watched closely by defense attorneys nationwide, federal prosecutors urged a skeptical appeals court panel on Wednesday to reinstate a money-laundering conspiracy charge against a prominent lawyer accused of illegally accepting more than $5 million in tainted legal fees from a Colombian cocaine baron.


FBI corruption probe nets 3 Fla. politicians

An FBI undercover probe has resulted in the arrests of three Broward County political figures on federal corruption charges


The National Association of Insurance Commissioners votes to include Realpoint as financial rater

The National Association of Insurance Commissioners (NAIC) has voted to include Realpoint as an Acceptable Rating Organization, which means that US insurance companies can now rely on its CMBS ratings to calculate their capital strength and their required reserves.


NAIC proposes Reinsurance Regulatory Modernization Act of 2009

New Federal Legislation Would Modernize State Regulation of Reinsurance

The National Association of Insurance Commissioners’ Government Relations Leadership Council has approved for submission to Congress the Reinsurance Regulatory Modernization Act of 2009, a proposed federal bill that would modernize the regulation of reinsurance by the states.


NAIC Adopts Standard Valuation Model Legislation

Signals Cautious Approach to Principles-Based Solvency Regulation

Members of the NAIC made major strides today to modernize the regulation of life insurance and annuity products.


California Insurance Commissioner Steve Poizner Urges Fellow Insurance Commissioners To Conduct Terrorism Financing Probes

Just ahead of Iranian President Mahmoud Ahmadinejad’s Wednesday address to the United Nations in New York, California Insurance Commissioner Steve Poizner encouraged his fellow state insurance commissioners to follow California’s lead and to probe insurance company investments for ties to Iran.


What is a 100-Year Storm?

The torrential rains that have inundated Atlanta, Ga., and its surrounding areas over the past few days have been called a 100-year storm event by state weather experts. Does that mean such a storm comes only once a century?


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