Test: Capitol to Courthouse Headliners: Friday, November 6

Nov 6, 2009



To view a complete story, click on a headline below:


Fraud probe aims at Florida State Board of Administration

The federal Securities and Exchange Commission is investigating possible fraud by the Florida State Board of Administration, the agency that manages $132 billion in public investments for hundreds of local governments and 1 million current and future retirees.


Florida Homeowners Left Hanging on Drywall

In the 16 months since Chinese drywall problems were first reported in Florida, definitive answers remain frustratingly out of reach.


CFO Visits With Workers After Helping Keep Their Much-Needed Jobs in Hialeah

Florida CFO Alex Sink visited Ascendant Commercial Insurance in Hialeah, where her efforts last month helped keep over 85 local residents employed after the court liquidated their former employer.


Mounting inmate lawsuits put pressure on Camden County

For months, Camden County Sheriff Tommy Gregory has urged commissioners to do something about overcrowded conditions at the county jail.


Blog:  Crist cancels events, rushes to Orlando as police search for gunman

Gov. Charlie Crist has just canceled the remaining events scheduled for today because he is heading to Orlando, where police are searching for a gunman who shot eight people in an office building — killing at least two.


Elections complaint filed against Crist campaign

A Republican activist from Tampa has filed a federal complaint against the Charlie Crist for Senate campaign, alleging that it was involved in the creation of an anti-Marco Rubio Web site.


Legislative panel in Florida votes against ending Sansom investigation

A special legislative panel refused to call off its investigation of former House Speaker Ray Sansom on Thursday but agreed to proceed carefully and protect his legal rights in court.


250,000 Floridians to benefit from extension of unemployment benefits

A bill headed for President Barack Obama’s signature today would expand a popular tax credit for home buyers – and extend unemployment benefits.


McKeel Won’t Run For Florida State Senate

State Rep. Seth McKeel said today he will not run for the Florida Senate seat being vacated by Sen. Paula Dockery.


Butterworth to find FPL errors

Former Florida Attorney General Bob Butterworth’s first stint with Florida Power & Light Co. was in 1966, when as a fresh University of Florida graduate, he spent six months in the company’s executive training program.


Silicon Valley East: Internet start-ups choose high-tech Brevard

Is the Space Coast becoming Silicon Valley South?


IRS wants to find 10,024 Floridians due checks worth $15 million

This is one “IRS Most Wanted” list that’s nice to be on.


$1B flood barrier rises outside New Orleans

Mindful that the suburban West Bank of New Orleans has regained its pre-Hurricane Katrina population and is primed for growth, the Army Corps of Engineers is launching a $1 billion effort to keep the next storm at bay.


New York official seeks 2010 insurance exchange revival

Regulators want to have a revamped version of the New York Insurance Exchange up running next year, a New York State Insurance Department official said Thursday.


States Shun Ratings for Home Debt

State insurance regulators Thursday approved an insurance-industry proposal to adopt a new methodology for sizing up risk in insurers’ big holdings of residential-mortgage bonds, eliminating for this year a longstanding use of ratings from the major ratings firms.


NAIC to produce new rating model for mortgage-backed securities

Regulators to Hire Independent Third Party Partner, Reduce Reliance on Traditional Credit Rating Agencies

Members of the National Association of Insurance Commissioners approved a proposal this week to develop a new model for determining the regulatory treatment of residential mortgage-backed securities. The new model will produce ratings designations for approximately 18,000 RMBS owned by U.S. insurers at the end of 2009.


PCI Supports Bipartisan Building Codes Legislation

The Property Casualty Insurers Association of America supports legislation under consideration by the House Transportation Committee that would encourage the adoption and enforcement of statewide building codes throughout the nation.


Bill Would Give U.S. Insurance Office Global Trade Oversight 

Legislation to create a Federal Insurance Office should contain language allowing it to preempt state law where it conflicts with international trade agreements, a U.S. Treasury official said.


Federal Insurance Office Authority Sparks Protest From State Regulators, Legislators 

State regulators, legislators and even a consumer advocate group expressed alarm last week over efforts in Congress to usurp some insurance oversight power, warning that federal lawmakers are going too far in preempting local authority over the industry.


To unsubscribe from this newsletter, please send an e-mail to ccochran@cftlaw.com.