Texas Department of Insurance Sunset Review

Dec 17, 2007

  The mission and performance of the Texas Department of Insurance (“TDI”) is currently being reviewed by the Legislature as required under the Texas Sunset Act.  The Act provides that the Sunset Commission, composed of legislators and public members, periodically evaluates …

NAIC Releases Annual Homeowners Insurance Report

Dec 17, 2007

The National Association of Insurance Commissioners today released its 2005 Homeowners Insurance Report, which provides data on market distribution and average cost by policy form and amount of insurance. The report, highlights of which may be accessed through the hyperlinks provided …

Insurance-Related Financial Briefings

Dec 17, 2007

Attached for your review are insurance-related financial briefings from Thomas L. Burt, CFP® ChFC® CLU®, a Wealth Advisor with Morgan Stanley. Briefing topics include: The sub-prime mortgage market Reinsurance Credit Industry overview   Should you have any questions or comments, please …

Florida Must Cut Hurricane Liability, Sink Tells CEOs

Dec 14, 2007

Tampa Tribune, 12/14/2007 TAMPA – The cost of property insurance for businesses has fallen by 30 percent in some cases, but the state still has much work to do to solve its insurance problems, state Chief Financial Officer Alex Sink …

Senate Votes to Help Strapped Homeowners

Dec 14, 2007

Sun-Sentinel, 12/14/2007 WASHINGTON – The Senate moved Friday against the worsening mortgage crisis, voting to make it easier for thousands of homeowners with ballooning interest rates to refinance into federally insured loans. The legislation, approved 93-1, would allow the Federal …

Focus at the Capitol: raising money

Dec 14, 2007

  St. Petersburg Times, 12/14/2007 View article on St. Petersburg Times Florida lawmakers spent this week at the state Capitol, but many of them didn’t accomplish much until the sun went down. By day, legislators were on light duty, meeting …

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 …