Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Law May Block Access to Flood Program
May 7 2012 // A bill recently passed by Florida lawmakers could hinder the ability of some communities to participate in the federally funded flood insurance program, federal officials say. The Federal Emergency Management Agency...
Florida Governor Signs Long-Awaited Auto Insurance Anti-Fraud Bill
May 4 2012 // Florida’s decade long attempt to reform the state’s automobile no-fault insurance law has finally paid off. Gov. Rick Scott, flanked by rows of law enforcement officials and state officials, signed into law...
Florida’s Citizens Issues Largest Catastrophe Reinsurance Bond on Record
May 3 2012 // Florida’s Citizens Property Insurance Corp. has entered the catastrophic bond market in a big way by issuing $750 million in bonds, making it the largest insurance-linked security deal of its kind. Citizens Property...
Florida Yacht Crew Firm Faces Damages Over Discriminatory Email
May 3 2012 // A Fort Lauderdale, Florida company that hires crews for yachts is facing damages after an employee accidentally sent an email to an applicant saying she wasn’t hired because she’s black and overweight. The...
Citizens Delays Rate Hike for New Business
Apr 30 2012 // The governing board for Florida’s state-backed Citizens Property Insurance Corp. has at least temporarily backed off a proposal to begin charging rates for new business next year at rates higher than allowed by...
Florida Agency to Fight FEMA Ban on Flood Insurance Commission Rebating
Apr 27 2012 // One Florida insurance agency is protesting a decision by the federal flood insurance program that would stop insurers and agents from offering clients a rebate on agents’ commission to customers who buy flood...
New York, Florida Associates of ‘Mini-Madoff’ Arrested
Apr 26 2012 // Four associates of a New York businessman convicted in a $400 million Ponzi scheme were arrested Wednesday on charges they pocketed nearly $38 million in commissions for their efforts in advancing the fraud, federal...
Florida Governor Vetoes Cat Fund Tax-Credit Plan
Apr 24 2012 // Florida Governor Rick Scott has chastised state lawmakers for failing to fully consider a controversial plan to use state premium tax credits to help shore-up the state’s homeowners’ reinsurance fund before...
Florida Massage Therapist, 14 Patients Charged with Insurance Fraud
Apr 23 2012 // Florida officials said they have arrested a licensed massage therapist, a physician’s assistant and 14 massage clinic patients on charges of insurance fraud and grand theft as part of an undercover sting. Officials...
BP Proposes Gulf Oil Spill Claims Settlement, Trial Delay
Apr 19 2012 // BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster. The...
Southeast Insurance Employment: Agency, Carrier Plans Brighten Picture
Apr 18 2012 // Those interested in new or better positions in insurance might want to grab their suntan lotion and head to the Southeast. They might also want to brush up on their Spanish. The unemployment rate remains higher in key...
New Law May Limit Participation in Flood Program in Florida
Apr 17 2012 // A bill recently passed by Florida lawmakers could hinder the ability of some communities to participate in the federally funded flood insurance program, federal officials say. The Federal Emergency Management Agency...
Business Moves
Apr 16 2012 // Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard...
Florida Seeks to Delay Approval of $7.8 Billion BP Settlement
Apr 16 2012 // The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP Plc’s $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of...
Business Moves – Southeast
Apr 16 2012 // Peachtree, Personable Holdings A Florida domiciled auto insurer that provides coverage to 18,000 drivers in the state and Georgia has been acquired by California equity firm looking to enter the non-standard...
Court to Decide on Florida Medical Malpractice Caps
Apr 16 2012 // The fate of Florida’s caps on damages in medical malpractice cases now rests with the state’s high court after attorneys debated whether the caps are constitutional. The Florida Supreme Court recently heard...
Florida Cat Fund Tax Plan Raises Questions
Apr 16 2012 // A Florida plan to sell insurers and financial institutions state premium tax credits to help fund the state’s homeowners’ reinsurance facility is raising concerns among some officials. The Florida Insurance Tax...
Florida Food Truck Bust
Apr 16 2012 // Florida officials said they have busted an alleged $800,000 insurance claims scam in which food trucks were used to stage accidents. Florida Chief Financial Officer Jeff Atwater announced the arrests of 15 defendants for...
3 Florida Claims Bills Signed
Apr 14 2012 // A man and a boy who suffered brain damage due to government negligence and the parents of a slain police informant will be compensated through three bills signed by Gov. Rick Scott. One would require Lee County’s...
States’ Group Considers Model Workers’ Compensation Drug Bill
Apr 12 2012 // In the wake of the Florida Legislature’s failure to cut physician reimbursements for prescribing repackaged drugs to workers’ compensation patients, a national group of state legislators is looking to create a...
