Category: Florida News

State turning to Warren Buffett for hurricane fund bailout

Jul 3, 2008

News-Journal–July 03, 2008 By JIM SAUNDERSTallahassee bureau chief TALLAHASSEE — Worried about financial problems if major hurricanes slam Florida, state leaders are turning to billionaire Warren Buffett for backup. Gov. Charlie Crist and two Cabinet members moved forward Wednesday with …

New pension fund director could be familiar face

Jul 3, 2008

St. Petersburg Times–July 2, 2008 By Steve Bousquet, Tallahassee Bureau Chief TALLAHASSEE — Florida’s search for a new chief investment manager is closing in on a familiar name: Ashbel Williams, who had the job for the first half of the …

House Panel Set To Move On Insurance Office Bill

Jul 3, 2008

National Underwriter–July 2, 2008 BY ARTHUR D. POSTAL The Capital Markets Subcommittee of the House Financial Services Committee has tentatively scheduled action for July 9 on legislation that would create an Office of Insurance Information within the Treasury Department. The …

Capitol to Courthouse Headliners: Thursday, July 3

Jul 3, 2008

  To view a complete story, click on a headline below:   State officials approve plan to shore up CAT fund Florida residents might see an increase in property insurance rates because of a plan to bolster the Florida Hurricane …

Property insurance rates could rise 2.5%

Jul 2, 2008

Miami Herald–July 02, 2008 BY GARY FINEOUT Florida consumers may get hit with a 2.5 percent hike in their property insurance bills, thanks to a state plan to shore up the fund that helps cover insurance company losses from hurricanes. …

FIU gets $10 million for wind studies

Jul 2, 2008

A $10 million grant will allow researchers at FIU to develop products to help homes withstand hurricanes. BY EVAN S. BENNMiami Herald–July 02, 2008 Florida International University’s Wall of Wind is set up during this 2006 demonstration. With the $10 …

Home insurance rates finally dropping

Jul 2, 2008

Treasure Coast Palm–July 2, 2008 By BY JULIE PATEL Sun-Sentinel When Ron Wise learned Nationwide Insurance dropped the coverage on his Palm Beach Gardens home this year, he figured he’d be lucky to find another insurer. Not only did he …