Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders while the chances for final legislative approval remain uncertain. Senate lawmakers have been working for months on …
The state of Florida filed a lawsuit last Saturday against British oil company BP and cement contractor Halliburton over the Deepwater Horizon oil spill, becoming the fourth U.S. state to seek damages for the 2010 disaster. The suit, among other …
A security company being sued over the 2010 theft of $60 million worth of pharmaceuticals from a warehouse in Connecticut owned by Indianapolis, Ind.-based Eli Lilly and Co. insists there is no proof the thieves used a report it prepared …
Frustrated by a recent court decision temporarily blocking part of Florida’s no-fault auto insurance law reformed last year, state lawmakers are considering scrapping the entire law. Current proposals would reinstate to a tort system and mandate that all drivers purchase …
In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park, Calif.-based insurance agency said …
Kemper Corp. announced that Denise I. Lynch has been named property/casualty group executive effective Dec. 1. She will report directly to Donald G. Southwell, Kemper’s chairman, president and chief executive officer. In her new role, Lynch will be responsible for …
Speeding drivers are more likely to get ticketed in the Sunshine State than in any other state, according to a new study from CarInsuranceQuotes.com, an auto insurance services provider.In 2011, Florida police handed out 17,995 non-criminal traffic citations for speeding …
Citizens Property Insurance Corp. President Barry Gilway said Tuesday he made a “dumb decision” in how he went about abolishing the firm’s Office of Corporate Integrity earlier this year.Gilway conceded it was a mistake to do away with the office …
Insurance experts say the costs associated with losses from superstorm Sandy in the northeast should not affect Florida homeowners. Sam Miller of the Florida Insurance Council said Tuesday that the Florida market is dominated by state-backed Citizens and local insurers …
A move by Florida’s largest property insurer to dismiss employees responsible for investigating wrongdoing drew criticism last Thursday from Gov. Rick Scott. Scott, in a strongly-worded letter to the president of Citizens Property Insurance, called the decision “troubling” because it …
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