Commercial News
5/14/2008 8:14:31 AM EST
Fla. Board Won't Exclude 2 Investment Firms From Bidding
TALLAHASSEE Fla. – (AP) Two major investment firms will advise Florida on financing its hurricane catastrophe insurance fund although Gov. Charlie Crist tried to exclude them Tuesday.
Crist wanted to keep Lehman Brothers and J.P. Morgan from joining the "cat fund" investment team because they had brokered deals and provided securities to the state's Local Government Investment Pool, which nearly collapsed … Full version (available to lexis.com subscribers)
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