Capitol to Courthouse Headliners: Friday, September 4
Sep 4, 2009
To vew a complete story, click on a headline below:
New firm to cover most First Commercial Insurance policyholders
A newly formed insurance company will offer coverage to most of the 18,000 policyholders who will lose their coverage as state regulators liquidate First Commercial Insurance and First Commercial Transportation and Property Insurance.
New Insurer Ascendant to Rescue First Commercial Insureds, Jobs in Florida
Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with bankrupt First Commercial Insurance Co., which is in liquidation.
Medicaid-fraud informants to be rewarded with Pfizer settlement
Florida will use part of its $58 million share of a federal settlement from pharmaceutical giant Pfizer as reward money for tipsters who report Medicaid fraud.
Florida Doctor warns local governments about pitfalls of opening their own health care clinics
To save on employee insurance costs, more Treasure Coast governments are considering opening their own health care clinics.
Contentious issues may jam special session
Cash-strapped lawmakers looking for royalty money
State Property Insurers On ‘Shaky’ Financial Ground
State-run property insurers of last resort in some hurricane-exposed states “are on shaky ground” financially, the Insurance Information Institute (I.I.I.) warned.
- To read the report click here.
New Orleans Judge: Ready Chinese drywall claims for January trial
A federal judge presiding over hundreds of lawsuits against Chinese drywall makers and installers said Thursday that he plans to hold the first trial in January for the cases, which claim the imported products emit sulfur, methane and other chemical compounds that have ruined homes and harmed residents’ health.
In tainted-drywall inquiry, number of potential Chinese suppliers surges
The number of Chinese drywall manufacturers responsible for corrosion and potential health problems plaguing U.S. homeowners may be about to increase substantially.
Opinion: Don’t Raise Taxes on Reinsurance Companies
Louisiana Insurance Commissioner Jim Donelon is speaking out against legislation proposed by U.S. Rep. Richard Neal (D-Mass.) that would hike taxes on foreign reinsurance companies.
Coastal Insurance Reforms a Good Start
by Eli Lehrer
When he took office at the beginning the year, Insurance Commissioner Wayne Goodwin set his sights on North Carolina’s broken coastal insurance system. Now the legislature-with Goodwin’s guidance-has agreed to a plan that will fix the system’s most serious problems. The new coastal insurance system makes sense for the state and greatly reduces the chances of an all-out insurance collapse. But it’s only a start.
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