Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Looks to Manage State’s Workers’ Compensation Costs
Nov 29 2011 // Florida officials are looking for ways to reduce the state government’s workers’ compensation costs and considering changing some mandates that grant first responders automatic benefits and reducing...
Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver
Nov 28 2011 // A Florida rental car customer’s auto insurer must cover crash injuries, even though the driver was someone not authorized under the rental car company’s contact. In a 5-2 opinion on Nov. 23, the Florida Supreme...
American Platinum Writes First Homeowners’ Policies in Florida
Nov 22 2011 // Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp. has just issued its first Florida homeowners’ policies. American Platinum...
American Platinum Writes First Homeowners Policy in Florida
Nov 22 2011 // Florida has a new player in the insurance market for high-value homes and inland marine policies. Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and...
Zurich, Patriot National Ink Deal to Provide Workers’ Comp
Nov 21 2011 // A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services...
People
Nov 21 2011 // St. Petersburg, Fla.-based LIG Marine Managers announced that Richard C. Zolty has joined LIG as senior ccnsultant and longshore insurance development director. Zolty has 40 years of underwriting experience in workers...
Florida’s Citizens Cuts Back Coverage
Nov 21 2011 // Florida homeowners who insure their homes through the state-run property insurer, Citizens, will have less coverage available next year. Citizens Property Insurance Corp., in a message to agents, said it will no longer...
Florida Consumer Advocate Questions If PIP Is Worth Cost
Nov 21 2011 // Florida’s automobile no-fault law is in severe need of reform, but the cost of doing so may be more than the benefit, according to the state’s insurance consumer advocate. Speaking before Florida’s...
Florida’s Scott Wants Ideas from Citizens by Dec. 6
Nov 21 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who prefers the insurer be sold to a private company, wants answers from the...
Business Moves
Nov 21 2011 // Homeowners Choice, HomeWise Homeowners Choice Property and Casualty Insurance Co. said it has acquired HomeWise Insurance Co.’s book of business in Florida. Approved by state regulators, the deal adds 70,000 Florida...
Marsh & McLennan Agency Expands in Florida, Acquires Seitlin Insurance
Nov 17 2011 // Marsh & McLennan Agency, a New York-based subsidiary of insurance broker Marsh Inc., acquired Seitlin Insurance, one of the largest insurance brokers in South Florida. Terms of the transaction were not...
Florida’s Citizens Plans 19% Rate Hike on High-Value Coastal Condos
Nov 16 2011 // Florida residents living in high-value condominium buildings insured by the state’s government-run homeowners’ insurer could see their rates increase by 19 percent on average. Citizens Property Insurance Corp.,...
Florida’s Citizens Seeks Lawmakers’ Help to Raise Rates, Shrink Size
Nov 16 2011 // Florida’s largest property insurer wants sweeping changes — including the ability to charge higher rates — in the coming year. It may be a hard sell during a contentious election year, but the board that governs...
Merck Settles Vioxx Suits from New York, Florida, South Carolina
Nov 15 2011 // Merck & Co. has reached settlements to resolve lawsuits from the states of New York, Florida and South Carolina alleging the company misled state regulators about the dangers of the painkiller Vioxx, according to court...
Supreme Court to Hear Healthcare Law in March
Nov 14 2011 // The Supreme Court agreed Monday to decide the fate of President Barack Obama’s healthcare law, with an election-year ruling due by July on the U.S. healthcare system’s biggest overhaul in nearly 50 years. The...
Florida’s HomeWise Continues in Run-Off; Sells Louisiana Policies
Nov 14 2011 // Florida-based HomeWise Insurance Co. is now is full run-off mode as it attempts to pay all outstanding claims and other debts in order to avoid being taken over by Florida regulators. The Clearwater, Fla.-based home...
What Options Do HomeWise Customers Have in Homeowners Choice Deal?
Nov 14 2011 // Florida policyholders of HomeWise Insurance should not see dramatic changes in their renewal premium if their policies are taken over by Homeowners Choice, according to the company official. The policyholders have the...
Florida Looks to Tampa as Leader in Fight Against PIP Fraud
Nov 10 2011 // The move by one Florida county to crack down on auto insurance fraud by targeting staged accidents and regulating clinics is being seen as a roadmap for state officials looking to reform the state’s no-fault auto...
Homeowners Choice Assumes HomeWise Policies in Florida
Nov 8 2011 // Homeowners Choice Property and Casualty Insurance Co. said it has acquired HomeWise Insurance Co.’s book of business in Florida. Approved by state regulators, the deal adds 70,000 Florida homeowners to Homeowners...
Florida’s Citizens Cutting Back on Coverage
Nov 7 2011 // Florida homeowners who insure their homes through the state-run property insurer, Citizens, will have less coverage available next year. Citizens Property Insurance Corp., in a message to agents, said it will no longer...
