Test: Capitol to Courthouse Headliners: Friday, November 6
Nov 6, 2009
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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.
In the 16 months since Chinese drywall problems were first reported in Florida, definitive answers remain frustratingly out of reach.
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.
For months, Camden County Sheriff Tommy Gregory has urged commissioners to do something about overcrowded conditions at the county jail.
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.
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.
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.
A bill headed for President Barack Obama’s signature today would expand a popular tax credit for home buyers – and extend unemployment benefits.
State Rep. Seth McKeel said today he will not run for the Florida Senate seat being vacated by Sen. Paula Dockery.
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.
Is the Space Coast becoming Silicon Valley South?
This is one “IRS Most Wanted” list that’s nice to be on.
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.
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.
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.
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.
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.
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.
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.
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