Alabama Gov. Robert Bentley is endorsing an annual one-week sales tax holiday for disaster preparedness items like first aid supplies and electric generators.
From the category archives:
Out Of The FIRE Blog
Florida has been walking the tightrope with its windstorm insurance policies for years. Ever since Hurricane Andrew hit Florida in the early 1990s, the state has relied heavily on two state-run entities to insure and manage the states windstorm risk. Both the Florida Hurricane Catastrophe Fund and Citizens Property Insurance Corporation, the state’s windstorm reinsurer [...]
Insurance Commissioner Eleanor Kitzman is soliciting consultants to propose a “fundamental restructuring” plan for the windstorm association.
In a Feb. 17 editorial, the Journal lauds the efforts of Florida leaders who understand the need for insurance reform, despite the political risks involved.
The National Flood Insurance is in dire need of reform, facing massive deficits and systemic risk issues. Despite these growing problems, legislators have paid it little attention, kicking the can down the road with short term extensions. The NFIP has not seen a long term reauthorization since 2008, when its last long term authorization expired. [...]
Heartland Institute President and CEO Joe Bast joined Sens. David Vitter and Jon Tester and the CEOs of insurance, environmental and taxpayer groups to argue for flood insurance reform.
With few tweaks from earlier version, the president is once again proposing billions in protectionist reinsurance taxes on transactions that spread risks throughout the globe.
As regulators on both sides of the Atlantic crack down on which factors insurers can use to set rates, personalized systems that track driver behavior may be a wave of the future.
Recent efforts to shift insurance policies out of Florida’s Citizens Property Insurance Corp. and into the private market have met some resistance from certain legislators and advocacy groups. The current proposal, which has just passed through the Florida House, would pull homeowners’ policies out of Citizens and place them in private surplus line market. From [...]
Conflicting stories emerge about whether Ron Klein is a lobbyist who won’t do any more fundraising, or a fundraiser who won’t do any more lobbying.
