Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Pension Funds Looking for Higher Yields from Cat Bonds
Apr 9 2013 // Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once considered an exotic...
Florida Justices Face Another PIP Conundrum: Medical Fees
Apr 8 2013 // Florida’s high court is poised to decide how much money insurers owe some medical providers in cases where an auto policy does not specifically state that the fees will be based on a fee schedule approved by state...
Best Affirms Baldwin & Lyons and Operating Subs Ratings; Outlook Stable
Apr 8 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary,...
Florida May Scrap No-Fault Auto Insurance Law
Apr 5 2013 // 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...
Florida Lawmakers Advance Parasailing Regulations with Insurance Mandate
Apr 5 2013 // A bill to ensure more safety for thrill seekers who soar above Florida’s coastlines while dangling from parachutes has cleared its initial hurdle, winning swift approval from a state Senate panel this week. The...
Florida’s Lighthouse Property Names Bright as Manager of Operations
Apr 4 2013 // Lighthouse Property Insurance Corp. in Orlando, Fla., has promoted Sidney Bright to manager of operations to oversee the insurer’s claims information and policy administration. Before the promotion, Bright served as...
Florida Senate Panel OKs Gilway as Citizens President
Apr 3 2013 // A Florida Senate committee unanimously confirmed Barry Gilway’s appointment as president of the state-backed insurer Citizens Property Insurance Corp. The rare legislative oversight of the Citizens leadership...
AIR Worldwide Announces New Public Risk Services Group
Apr 3 2013 // Catastrophe modeling firm AIR Worldwide has announced the availability of Public Risk Services, which it describes as a “new consulting service to support the needs of public sector institutions and stakeholders...
Gallogly Joins Florida’s Lighthouse Property Insurance
Apr 2 2013 // Lighthouse Property Insurance Corp. has named Loren Gallogly as a new manager of sales and marketing charged with expanding the insurer’s sales in South Carolina and Louisiana. Gallogly has 30 years of experience in...
More Than 300K Homes Are Foreclosed ‘Zombies’
Apr 2 2013 // A national survey found 301,874 “zombie” properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation. Florida tops...
Florida May End Insurers’ Tax Credit
Apr 1 2013 // Florida lawmakers are moving forward with a proposal to eliminate a 15 percent premium tax credit for insurance companies in order to reduce automobile license fees despite strong objections from insurance industry. The...
Astonish’s One-Day Modern Consumer Training Hosted by QQ Solutions on Thursday, April 11
Apr 1 2013 // Warwick, RI, 04/01/13 ā Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in Florida and surrounding...
Florida Regulators Allege Fraud by Allianz in Case of Failed Insurer
Mar 27 2013 // Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its...
Florida’s Citizens Reduces Risk of Emergency Assessments
Mar 27 2013 // Florida’s state-backed property insurer announced that it has reduced the size of any possible emergency assessments on policyholders due to its depopulation efforts and by transferring part of its risk to private...
Florida Skydivers’ Deaths Under Investigation
Mar 26 2013 // Two skydivers from Iceland who died during weekend jumps at a popular southwest Florida camp did not deploy their main parachutes, the co-owner of the facility said. Deputies found the bodies of a skydiving instructor and...
FIGA Reforms Should Increase Flexibility, Not Eliminate It
Mar 25 2013 // When it comes to property insurance reform in Florida, everyone is basically focused on proposals that deal with the Florida Hurricane Catastrophe Fund, Citizens Property Insurance Corp. and the (over) regulation of...
Florida Debates Wage Theft Legislation
Mar 25 2013 // Businesses and workers-rights advocates are fighting over a bill that would set uniform state standards for employees who say they haven’t been paid their full wages to seek compensation. The bill would require...
Florida Lawmaker Wants to End Insurance Company Tax Credit
Mar 25 2013 // A top Senate Republican wants to roll back fees now charged to Floridians to renew their driver’s license and car tags. Sen. Joe Negron, R-Stuart and Senate budget chief, said he will unveil a bill this week that...
Florida Sinkhole Loss Rule Upheld
Mar 25 2013 // A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the Office of Insurance...
Florida Insurers, Employers Scrambling After Court Ruling on Workers’ Compensation Benefit
Mar 25 2013 // A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits left insurers and employers scrambling to come up with a legislative...
