Capitol to Courthouse Headliners: Thursday, Dec. 6
Dec 6, 2007
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State reopens investment pool to governments; withdrawals ‘heavy’
Local governments made ‘heavy’ withdrawals from Florida’s state-run investment pool when it reopened Thursday, a week after it was frozen amid a run in which nearly $10 billion was withdrawn on troubled mortgage fears.
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Citizens’ fund risk significant
A big topic of conversation at today’s Citizens Property Insurance Corp. board meeting in Gainesville will be risk.
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Terrorism insurance backstop vote plannedÂ
Less than three months after passing a lengthy extension to the federal backstop to terrorism risk, House Democrats plan to hold a vote this week on a substantially altered version of the legislation, after balking at accepting the Senate’s version of the bill.Â
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House To Push Its TRIEA Wording On Senate
WASHINGTON —House Democrats are moving on legislative action today designed to signal the Senate that some House provisions must be included in a final bill extending the federal backstop for terrorism risk insurance.Â
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Martinez touts Fla. gov. as veep Â
Florida GOP Sen. Mel Martinez, fresh off his stint as chairman of the Republican National Committee (RNC), is one of the most sought-after endorsements in Florida with its early primary and steady influx of GOP White House hopefuls.
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Judge won’t force DNC to seat delegates
Not wanting to spark ‘a free-for-all’ of states leapfrogging each other in the presidential campaign, a federal judge Wednesday refused to make the Democratic National Committee seat Florida’s 210-member delegation to next summer’s nominating convention.
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“Opportunistic” BlackRock thrives in credit turmoil
BOSTONÂ – The U.S. credit market turmoil is battering the financial sector but is proving to be a bonanza for money manager BlackRock Inc, which, with its deep fixed income roots, has assumed the role of clean-up king.
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State’s investment loss of $2.5B falls below standards
The damage caused to Florida by the turmoil in the mortgage industry is growing.
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Rep. hosts forum via teleconference
U.S. Rep. Cliff Stearns, R-Ocala, held a town hall forum Wednesday night with about 250 local residents – but this forum took on a new twist because the congressman conducted the question-and-answer session from Washington, D.C., via teleconference.Â
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Flood insurance definitely a moneymaker for our banks
Further to Debra Leibowitz’s feedback in Action Line Dec. 4: Purchasing flood insurance is a major moneymaker for the banks. For the last two years, my mortgage holder, Bank of America, has told me that it’s willing to buy it for me.
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U.S. Reinsurers’ Premium Writing Declines
Net premiums written by 21 U.S. property-casualty reinsurers declined by 8.7 percent during the nine months ended Sept. 30, compared with the same period last year, a reinsurance trade group announced.
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Web site tackles home insurance
Michael Letcher has created something he thinks almost any homeowner in Florida can use.
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State pension fund’s risky debt at $1 billion
Florida’s pension fund owns more than $1 billion of the same downgraded and defaulted debt that sparked a run on a state investment fund for local governments and led officials to freeze withdrawals, according to documents obtained by Bloomberg News through an open records request.
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Crist’s chief of staff is leaving
George LeMieux, the mild-mannered Broward lawyer who parlayed a role as head of the Broward Republican Party to become Gov. Charlie Crist’s right-hand man, announced Thursday he’s leaving for private life so he can ”go be a lawyer again.”
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State Farms wants Katrina award voided
State Farm Fire and Casualty Co. asked a federal appeals court yesterday to throw out a $1 million punitive damage award to a Mississippi couple who sued the insurer for refusing to cover Hurricane Katrina damage to their home.
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Kan. Insurance Commissioner Praeger Elected NAIC President
Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston..
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