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Talk of the bay: Area's potential reaches other side of world
By Times staff
Published April 27, 2007
How vibrant is Tampa Bay's economy? Dynamic enough to lure India's ambassador from Washington, D.C. Ambassador Ronen Sen spoke Wednesday night at a reception hosted by the Indo-U.S. Chamber of Commerce. "I want to strengthen our ties," Sen said. India is the Tampa Port's second-largest trading partner. Sen said he hopes the country would soon clinch the top spot. Embattled insurer posts $1.2M profit
Universal Health Care Insurance Co. announced a first-quarter profit of nearly $1.2-million Thursday for its HMO, which includes the company's Medicare Masterpiece and Masterpiece Plus plans. The St. Petersburg-based Medicare insurer insists it is financially solvent, but state regulators say a related Universal company with some 60,000 members in its Any, Any, Any plan remains "impaired" and needs at least $120-million in reserves. Universal is fighting to avoid liquidation to federal court, where a hearing is scheduled for May 7. Citizens to expand small-biz coverage
Citizens Property Insurance Corp.'s board of governors Thursday approved a plan to expand its commercial property insurance coverage for small businesses across the state. Under the plan, state-backed Citizens will assume about 850 commercial policies June 1 from the Property and Casualty Joint Underwriting Association and begin writing, on a short-term basis, wind-only coverage for small commercial, nonresidential customers statewide. Citizens will provide up to $1-million in wind coverage to business owners with no more than $10-million of total insured value. By Sept. 1, Citizens will offer a commercial multiperil policy throughout the state that includes wind coverage. Correction
Venezuela's Hugo Chavez was re-elected president in 2006. A Talk of the Bay item Monday mischaracterized his position. Clarifications
- The Tampa Bay Convention & Visitors Bureau and St. Petersburg/Clearwater Area Convention & Visitors Bureau may explore joint advertising opportunities. A headline Thursday overstated the collaboration.
- The franchise of RE/MAX of Florida will become part of RE/MAX International in Denver, but the Florida offices will remain. A headline Thursday suggested otherwise.
[Last modified April 26, 2007, 22:47:22]
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