At the outset of 2006, the 21 Florida-domiciled insurers rated A or better by Demotech Inc., had an 18 percent share of the voluntary market. Their total 2005 writings were $977 million. Over a dozen have begun writing within the …
Tom Van Berkel, president and CEO of The Main Street America Group, recently met Academy Award-nominated actor Bill Murray at the Murray Brothers Caddyshack Charity Golf Tournament at the World Golf Village, St. Augustine, Fla. The sixth annual event, sponsored …
CAT response vehicle ready just in time for Tropical Storm Alberto Florida insurance agents rolled out a new, state-of-the-art catastrophe response vehicle just in time for the arrival of Tropical Storm Alberto. At press time for this issue, the National …
ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist identified the company as Southeastern Restoration Inc., also known as Afterdisaster. Crist said …
Legal and effective incentive compensation still under fire There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance …
South Carolina Gov. Mark Sanford has vetoed a measure that would have raised the minimum liability limits for auto insurance policies. The governor said he vetoed the bill because he believes it would increase automobile insurance rates, adversely affect low …
ANorth Carolina-based company has reached a settlement to resolve Florida price gouging allegations stemming from the 2004 hurricane season, according to Florida Attorney General Charlie Crist. Crist said Southeastern Restoration Inc., also known as Afterdisaster, will pay more than $19,500 …
Florida Preferred Insurance Company policyholders will be protected this hurricane season because company officials agreed to let the financially-troubled property insurer enter into liquidation effective June 1. “This decision is in the best interest of more than 140,000 Floridians who …
The insurance industry was on pins-and-needles in early May when the Florida Legislature passed SB 2114 and extended when the state’s no-fault auto insurance law would sunset—but then the bill went onto the desk of Gov. Jeb Bush, who came …
There is a critical need to preserve the right of insurance companies to determine how best to compensate the insurance agents and brokers who sell their products. In this regard, the insurance industry is like virtually every other business distributing …
