Category: Insurance Regulatory News

Terror insurance renewal seen via Senate bill

Dec 14, 2007

Reuters, 12/14/2007 WASHINGTON (Reuters) – A post-Sept 11, 2001 federal terrorism risk insurance program is likely to be extended next week for seven years along lines proposed by the Senate, said sources familiar with the matter on Friday.Set to expire …

Atwater picked as next president of Florida Senate

Dec 14, 2007

Palm Beach Post, 12/14/2007 TALLAHASSEE North Palm Beach banker Jeff Atwater took the next-to-last step toward the Senate presidency this evening, winning the formal support of his Republican caucus.Assuming voters return Atwater to the Senate next November and his party …

Citizens to review investment policies

Dec 14, 2007

Palm Beach Post, 12/14/2007 TALLAHASSEE Citizens Property Insurance Corp. will review its investment policies after a recent run of withdrawals on a state-run pool jeopardized nearly $2 billion of its assets, its chief financial officer told the Florida House Insurance …

Auditors will ask: Is Florida’s $137B pension fund safe?

Dec 14, 2007

Orlando Sentinel, 12/14/2007 Is state’s $137B pension fund OK? TALLAHASSEE – The state is expanding its audit of the troubled local-government investment fund to include Florida’s mammoth $137 billion pension fund — which bought some of the same downgraded mortgage-backed …

Governor hits road to push tax-cut plan

Dec 14, 2007

Posted on Fri, Dec. 14, 2007DBY MARY ELLEN KLASmeklas@MiamiHerald.com TALLAHASSEE — Gov. Charlie Crist ratcheted up his push to win the votes to pass the property-tax amendment on Jan. 29, with a news conference in the home of an Orlando …

Capitol to Courthouse Headliners: Friday, Dec. 14

Dec 14, 2007

Click on a headline to read the complete story:   Senators question how $151M hurricane plan went wrong Florida’s golden reputation for its sure-handed hurricane response in 2004 may be tarnished a bit.   Lawmakers angry that emergency preparedness money …

Capitol to Courthouse Headliners: Thursday, Dec. 13

Dec 13, 2007

Click on a headline to read the complete story:   House Passes Alternative Terror Bill As Expiration Looms WASHINGTON—House Democrats, in a move characterized by a Republican member as “futile,” passed and sent to the Senate a new bill to …

Louisiana Citizens Board To Meet Dec. 13

Dec 13, 2007

  The Louisiana Citizens Property Insurance Corporation will hold its Board of Directors Meeting on Thursday, December 13, 2007 at 1:30 p.m. in Baton Rouge, Louisiana. To view the agenda from the previous meeting in November, 2007, click here. The December …

Senators question how $151M hurricane plan went wrong

Dec 13, 2007

Orlando Sentinel, 12/14/2007 Florida’s golden reputation for its sure-handed hurricane response in 2004 may be tarnished a bit. In a rush to gird the state for future storms, the Legislature devoted $151 million in state and federal funds last year …