Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida’s Take-Out Plan: Citizens Loans to Willing Private Insurers
Oct 8 2012 // Florida’s state-backed property insurer is considering for the first time investing in private insurers to the tune of $350 million, with the hopes these insurers would then take on up to 300,000 of its policies. The...
Florida PIP Reforms Reduce Hikes But Not Many Premiums Thus Far
Oct 5 2012 // Florida regulators are optimistic that the state’s no-fault auto reforms are having a positive effect on the market and will eventually cut premiums for drivers. But for now they are telling the public that the...
Florida Approves 10.8% Rate Hike for Citizens; Also 21.4% for Sinkholes
Oct 4 2012 // Florida regulators have approved a 10.8 percent statewide average homeowners insurance rate increase and a 21.4 percent increase in sinkhole rates for the state-backed property insurer. Insurance Commissioner Kevin McCarty...
Best Agency to Work For: Southeast
Oct 4 2012 // This year six agencies in all received top honors as a Best Agency to Work For. The Best Agencies to Work For in 2012 include: Bryan Insurance Agency, Graham, Texas; Meyer & Cook Insurance, Walnut Grove, California;...
Rate Hikes Approved for Florida Citizens
Oct 2 2012 // The Florida Office of Insurance Regulation
Florida Insurers’ Filings on PIP Rates Due Today
Oct 1 2012 // Automobile insurers have until today to show Florida regulators how much, if at all, they plan on reducing rates on the personal injury protection, or no-fault, portion of drivers’ policies. This could mean that...
Florida Approves State Farm 6.4% Homeowners Rate Increase
Sep 28 2012 // Florida regulators have approved an average 6.9 percent rate hike for State Farm Florida Insurance Co., which is the insurer’s fifth increase in as many years. The insurer had initially sought an average 14.9 percent...
Florida’s Citizens Defends Proposed 11.2% Rate Increase at Hearing
Sep 25 2012 // Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the...
Florida Rep. Hits Citizens for ‘Rushing’ Surplus Loan Proposal
Sep 24 2012 // A plan by Florida’s state-backed property insurer to loan private insurers millions of dollars in surplus in exchange for removing policies has not been properly vetted and is a sweetheart deal for a few insurers, a...
Republicans Opposing 3 Florida Justices
Sep 24 2012 // The Republican Party of Florida is injecting itself into this year’s state Supreme Court elections. The party’s executive board last week voted to oppose three justices who are seeking a new six-year term...
Retrial Ordered in Florida Condo Association Suit Against QBE Insurance
Sep 24 2012 // A federal appellate court has reversed a $7.2 million judgment and ordered a new trial in a Florida hurricane insurance case. The 11th Circuit Court of Appeal issued the ruling in Atlanta based on a May opinion by the...
Florida’s Citizens to Loan Surplus to Private Insurers
Sep 24 2012 // Florida’s state-backed property insurer is considering investing in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The move is an attempt by...
Business Moves – Southeast
Sep 24 2012 // CRC|Crump, Preferred Brokerage CRC|Crump has signed an agreement with Preferred Concepts in New York to acquire select assets of the company’s Preferred Brokerage business unit. Terms were not disclosed. J.C....
Florida’s Citizens’ Gilway: Private vs. Public Sector Management
Sep 24 2012 // Barry Gilway is president of Florida’s state-run property insurer, Citizens Property Insurance Corp. He is the first head of Citizens who comes solely from the private sector. In the following excerpts from a recent...
Florida Appeals Denial of Federal Disaster Aid for Isaac Damage
Sep 21 2012 // Florida Gov. Rick Scott is appealing the federal government’s decision to deny additional aid for damage caused by Hurricane Isaac last month. Scott is also asking for more aid than originally requested. On Sept. 19,...
Better Than A Stick In The Eye, But Not By Much
Sep 13 2012 // A few days back, Florida’s troubled Citizens Property Insurance Corp. announced a plan to “depopulate” its book of business through a program of loans to well-capitalized insurers. On its surface, this...
Q&A with Florida’s Citizens CEO Gilway: Leading in the Public Sector
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
RLI Extends Coverage for Personal Umbrella Policies in Florida
Sep 12 2012 // RLI Corp. is now offering a reduced liability attachment point for its personal umbrella policy for Florida residents. Personal umbrella coverage is now available to customers whose primary residence is in Florida and who...
How Florida’s Citizens’ Surplus Loans to Private Insurers Would Work
Sep 12 2012 // Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The...
Florida’s Citizens’ Plan for Loans to Private Insurers Criticized
Sep 10 2012 // Hurricane-prone Florida’s insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of $350 million in sweetened loans to private companies willing to take over...
