Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Coverys Finalizes Acquisition of GIMC of Florida
Dec 5 2017 // On December 1, 2017, Coverys finalized the acquisition of Global Insurance Management Company, Inc. (GIMC), headquartered in Plantation, Fla. GIMC and its insurance subsidiary, Healthcare Underwriters Group, Inc., provide...
Workers’ Comp Carrier Guarantee Insurance Declared Insolvent by Florida Regulators
Dec 4 2017 // Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially...
People
Dec 4 2017 // Hudson Insurance Group has added Wallace Moreman as senior vice president. In this new position, Moreman will establish a subcontractor default insurance (SDI) business for Hudson. Christopher Gallagher, president and CEO...
Miami Woman Arrested Over Fraudulent Insurance Claims, Attempt to Steal $178K
Dec 1 2017 // A Florida homeowner was arrested for insurance fraud and grand theft following her attempt to file a damage claim against a new insurance policy after already receiving a $60,000 insurance payout from her former insurance...
Index Shows Where People Are Moving in Next Few Months
Nov 30 2017 // It’s possible to know where in the country more homebuyers will be moving over the next 30 to 90 days, thanks to what’s called a “pre-mover” index. It turns out that the U.S. markets with the...
Florida’s Hurricane Irma Recovery: The Cost, The Challenges, The Lessons
Nov 30 2017 // The hurricane season is officially over, but it didn’t go by without leaving a major mark on Florida and its insurance industry. Hurricane Irma, a name most in the state won’t soon forget, first hit the Florida...
Another Insurance Fraud Reminder
Nov 29 2017 // Two recent stories in Insurance Journal caught my eye and gave me this topic. Florida Puts Worker’s Comp Carrier Guarantee Insurance In Receivership Florida Keys Insurance Agent Accused of Defrauding Citizens...
Lawsuit Claims Florida is Ignoring Medical Marijuana Law
Nov 29 2017 // A Florida nursery and a man who suffers from epilepsy filed a lawsuit against Gov. Rick Scott’s administration that contends that state officials are flouting the state’s new medical marijuana law. It’s...
Patriot National to Reorganize for Acquiring Lenders; Subsidiaries to File Chapter 11
Nov 29 2017 // Patriot National Inc., which provides technology, outsourcing and underwriting services to the insurance industry, has announced a plan of reorganization as part of a restructuring support agreement (RSA) with its lenders,...
2017 Hurricane Season Ranks as Costliest Ever for U.S.
Nov 28 2017 // This year’s U.S. Atlantic hurricane season is officially the most expensive ever, racking up $202.6 billion in damages since the formal start on June 1. The costs tallied by disaster modelers Chuck Watson and Mark...
Florida Department of Financial Services Names Alexopoulos Farrar Communications Director
Nov 28 2017 // Anna Alexopoulos Farrar will join the Department of Financial Services (DFS) as Communications Director, according to a statement by Chief Financial Officer Jimmy Patronis. In this capacity, she will oversee the...
Florida Keys Insurance Agent Accused of Defrauding Citizens Insurance
Nov 27 2017 // A Florida insurance agent has been arrested after allegedly submitting a fraudulent insurance policy to Citizens Property Insurance Corp., according to a statement from Florida CFO Jimmy Patronis and the Florida Department...
120 Evacuated After Roof Collapse at Florida Apartment Building
Nov 27 2017 // Officials say about 120 people were evacuated after strong storms caused an apartment roof to collapse in Florida. The Daytona Beach News-Journal reports that The Overlook at Daytona Apartment Homes was evacuated early...
Florida Nursing Home to Congress: Patient Deaths After Hurricane Irma Not Staff’s Fault
Nov 22 2017 // A Florida nursing home under investigation for the deaths of 13 patients after Hurricane Irma says in a letter to Congress that staff members did everything possible but couldn’t overcome a lack of power to the...
Florida Puts Workers’ Comp Carrier Guarantee Insurance In Receivership
Nov 21 2017 // Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance Regulation (OIR),...
The Senior Care Market Still Going Strong
Nov 20 2017 // The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the...
A Storm of Claims Likely Following 2017 Hurricane Season
Nov 20 2017 // The aftermath of this year’s hurricanes includes massive reconstruction across the impacted areas, which in turn creates an increased possibility for construction defect claims that would affect the liability...
People
Nov 20 2017 // S.S. Nesbitt & Co. Inc., a Southeastern insurance agency and division of EBSCO Industries Inc. (EBSCO), has appointed insurance veteran Paul Barber as president. Barber comes to S.S. Nesbitt after having spent 25 years...
Chicken Processor Settles Florida Water Pollution Suit for $1.4M
Nov 17 2017 // A major chicken processing plant that has been cited for polluting the Suwannee River settled a lawsuit on Wednesday that was brought by environmental groups in Florida. Pilgrim’s Pride Corp. settled the suit with...
Paid ‘Climate Leave’ May Be Next Employee Benefit
Nov 17 2017 // Even the workplace has to adapt to the warming world. As climate change creates more intense storms, companies have started preparing for work disruptions due to extreme weather. In a sign of the times, Fog Creek, a...
