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Friday, July 30, 2010
| Make Florida More Hurricane-Resistant
published: Sep 28, 2009
by: Eli Lehrer and John Hallman
As hurricane-ridden September passes by, much of the news in Florida appears good: Hurricanes, so far, have stayed away from U.S. coastlines, the Legislature has passed a few common-sense reforms to the state's property insurance system and state CFO Alex Sink says that the state's troubled Hurricane Catastrophe Fund (Cat Fund) has gained a firmer fiscal footing. more... |
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| A catastrophe waiting to happen
published: Sep 15, 2009
by: Jonathan Orszag
This month marks the fourth anniversary of Hurricane Katrina. That raises a simple question: Are we prepared as a Nation for the next mega-catastrophe (one, perhaps, worse than Katrina) that will inevitably strike our country? more... |
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| The Meltdown Next Time: The financial danger nobody knows about.
published: Sep 12, 2009
by: Eli Lehrer
When the insurance giant American International Group was threatened with collapse in late 2008, its credit default swap business and other international operations were cited as the heart of its troubles. But the largest consequence of AIG's uncontrolled failure on consumers' pocketbooks could have come from the domino-like collapse of its businesses writing insurance on boats, cars, homes, lives, and just about everything else. If these businesses fell apart as a result of AIG's overall collapse, the argument went, the contagion could have brought a collapse of everything from retirement savings plans to auto insurance claims payments from companies unconnected to AIG. (In theory, the operations were firewalled from AIG's other operations, but the extremely slow rate at which they've found buyers indicates that many had significant exposure to the company's other woes.) more... |
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Rep. Ron Klein rules out Senate bid |
by: George Bennett, Post on Politics
published: May 22, 2009
U.S. Rep. Ron Klein, D-Boca Raton, will seek a third term in Congress next year rather than pursue a U.S. Senate bid, he announced today.
With about $1.8 million in his campaign account and no other Democrats of statewide stature running, Klein said earlier this year he was considering a run for the seat of retiring Republican Sen. Mel Martinez. Two other Democrats — U.S. Rep. Kendrick Meek of Miami and state Sen. Dan Gelber of Miami Beach — are running, although Gelber is mulling a switch to the attorney general's race.
Democratic enthusiasm for the Senate seat has cooled since popular Republican Gov. Charlie Crist entered the race.
Read Klein's statement after the jump…..
''At this time of great challenge — and great opportunity –in South Florida, our state and our nation, I will be focusing my full attention on serving the families of the 22nd Congressional District as their elected Member of Congress. I believe that I can best serve South Floridians by remaining in the U.S. House at this time and continuing to fight to create jobs, revive our economy, and to pass the Homeowners' Defense Act, which will bring real relief from skyrocketing homeowners' insurance costs.''
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