Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Nursing Home Liabilities Transfer Could Be Fraud: Judge
Dec 17 2014 // The owners of a multistate chain of nursing homes may have committed fraud by transferring liabilities to a shell company that later lost more than $2 billion in jury verdicts to families who claimed relatives died of...
Progressive Insurance Acquiring Homeowners Group ASI for $875M
Dec 16 2014 // Auto insurance giant Progressive Insurance is enhancing its homeowners insurance offerings by acquiring controlling interest in a Florida-based group of insurers now selling homeowners, renters, condo, umbrella, flood and...
Florida’s Universal Insurance Raises $19M in Stock Deal
Dec 15 2014 // Florida’s largest private insurer has raised $19 million through a privately negotiated stock deal with an investment firm that specializes in natural catastrophe reinsurance and weather risk. Universal Holdings Inc...
InsureZone Agency Network Enters Florida
Dec 15 2014 // Fort Worth, Texas-based InsureZone, a national brokerage and agency network, has launched operations in Florida. The new operation, Florida InsureZone Direct (IZD), is targeting small-to-midsized insurance agencies,...
People – Southeast
Dec 15 2014 // The Property Casualty Insurers Association of America (PCI) has named Hilary Segura and Logan McFaddin to its state government relations team. Segura and McFaddin assume regional staff duties overseeing states in the...
Florida Approves 5.2% Rate Cut for Workers’ Comp
Dec 15 2014 // The Florida Office of Insurance Regulation has approved an overall decrease of 5.2 percent in workers’ compensation insurance rates in Florida, the first decrease in four years. As expected, The National Council on...
Florida Supreme Court Weighs Workers’ Comp Attorney Fee Schedule
Dec 15 2014 // The Florida Supreme Court is considering whether to declare the state’s workers’ compensation attorney fee schedule unconstitutional. The court recently heard arguments in a case (Castellanos v. Next Door...
People – West
Dec 15 2014 // Data and analytics provider CoreLogic has named Lindene Patton global head of hazard product development for its insurance and spatial solutions business. Patton will lead development and research analytics for natural...
Citizens’ Takeout Program Undergoing Changes; Says Assessments Unlikely
Dec 11 2014 // Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its takeout program. The news comes as the insurer said it is highly unlikely to need...
Florida Approves Another Round of Citizens Takeouts
Dec 9 2014 // The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 132,441 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. as part of the...
In Florida, 3 Dead After Vehicle Strikes, Kills Black Bear
Dec 9 2014 // After a woman’s vehicle struck and killed a black bear on a road in the Florida Everglades, three others from another vehicle who tried to help the woman were then killed by a third vehicle. Several others were...
InsureZone Agency Network Enters Florida, Offering Markets
Dec 5 2014 // Fort Worth, Texas-based InsureZone, a national brokerage and agency network, has launched operations in Florida. The new operation, Florida InsureZone Direct (IZD), is targeting small-to-midsized insurance agencies,...
S&S Insurance Solutions of Florida Acquires Imperial Insurance
Dec 4 2014 // S&S Insurance Solutions of Florida, a division of East Providence, Rhode Island-based Starkweather & Shepley Insurance Brokerage, has acquired Imperial Insurance of Naples, Florida. Terms of the transaction were...
Regions Insurance Opens Florida Office with Acquisition of Teaberry Business
Dec 2 2014 // Regions Insurance, an affiliate of Regions Bank, has opened an office in St. Petersburg, Florida after agreeing to purchase the accounts of Teaberry Health and Welfare Benefits Practice. Financial terms of the agreement...
Florida Supreme Court Weighs Workers’ Comp Attorney Fee Schedule
Dec 1 2014 // The Florida Supreme Court is considering whether to declare the state’s workers’ compensation attorney fee schedule unconstitutional. The court recently heard oral arguments in a case (Castellanos v. Next Door...
PCI Names Midwest, Southeast Government Relations Managers
Dec 1 2014 // The Property Casualty Insurers Association of America (PCI) has named Hilary Segura and Logan McFaddin as the latest additions to its state government relations team. Hilary Segura and Logan McFaddin will take over...
2014 State Specialist P/C Insurers Revealed
Dec 1 2014 // The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data reported by the companies to the National Association of Insurance Commissioners (NAIC). The 11...
Removing Barriers to More Private Flood Insurance
Dec 1 2014 // A House Financial Services subcommittee recently held hearing to focus attention on legislation sponsored by two Florida representatives who want to encourage more flood insurance sales by private insurers as an...
Florida CFO Arrests 5 in Alleged Staged Accident Insurance Fraud
Nov 26 2014 // Florida Chief Financial Officer Jeff Atwater announced the arrest of five individuals on grand theft and insurance fraud charges for their involvement in an alleged staged accident. Officials said the alleged scam resulted...
Don’t Let Sinkhole Coverage Fall through the Cracks
Nov 26 2014 // This post is part of a series sponsored by CoreLogic. Owning a home is one of the largest investments most Americans will ever make and yet few homeowners understand that comprehensive sinkhole coverage is not part of a...
