Saturday, May 05, 2007

Power for the Advocate

CFO Alex Sink's quest to arm her insurance consumer advocate failed
to pass this legislative session.

No matter, said Bob Milligan, the seasoned politician who holds that
office.

"In fact, I think I already have all those powers that I need," he
said. "As an element of the Department of Financial Services, I can call
upon all of those interventions I may need. Also, I think its important
that you work hard to create those relationships you need."

Sink had wanted lawmakers to give Milligan the power to launch market
conduct investigations, to subpoena records and force insurance
officials to testify, to appeal state regulatory decisions, and to take
insurance companies to court, if need be.

The insurance industry generally opposes such powers for a consumer
advocate, contending they create a second layer of state regulation.

Milligan, who laid low during the just-ended legislative debate on
Citizens Property Insurance and KidCare, said he plans to spend this
summer focusing on the availability of health insurance in Florida. It
is a priority for Sink as well.

Tuesday, May 01, 2007

Shares for Bush

Dallas-based Tenet Healthcare is awarding its new director-to-be.

The company on Monday filed papers with the Securities Exchange Commission announcing it has granted former Florida Gov. Jeb Bush shares worth about $257,000.

Bush is to stand for election to Tenet's board of directors at its May 10 annual shareholder meeting. His 34,667 shares closed Monday at $7.42, down 8 cents from the day before.



Paul Flemming

Bill Cotterell

Jim Ash

Stephen Price

   
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