Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Allstate Looking to Open 50 New Agencies in Florida
Apr 7 2011 // Allstate Insurance says it wants to open nearly 50 new agency offices in Florida. About half of those openings will be in north Florida, the company said. “North Florida has shown incredible growth for our...
Florida’s Security First Promotes Kruck, Reynolds
Apr 5 2011 // Florida-based homeowners insurance provider, Security First Insurance Co., has appointed Werner E. Kruck as chief operating officer and Marilyn Reynolds as vice president of operations. Kruck began his insurance career in...
Florida’s Acentria Acquires Advanced Comp
Apr 5 2011 // Insurance agency Acentria Inc., headquartered in Destin, Florida, has acquired another Florida firm, Advanced Comp, a workers’ compensation insurance agency. Fielding Dickey, president and founder of Advanced Comp,...
Florida Approves Arch Re Under Reduced Collateral Law
Apr 4 2011 // Florida has added another company to its growing list of reinsurers that are taking advantage of a state law that allows it to reduce its capital requirement. Arch Reinsurance Limited, a Bermuda-based reinsurer, received...
Florida Advances Commercial Insurance Rate Deregulation
Apr 4 2011 // A move to deregulate a number of commercial lines of property/casualty insurance is making quiet progress in Florida. The legislation, which has already passed the House by a unanimous vote, would exempt insurance pricing...
Business Moves
Apr 4 2011 // AequiCap, Seminole Two Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance Co. into liquidation and suspended the license of...
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Apr 4 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would allow insurers to raise their rates up to...
Florida Lawmakers Advance Plan to Shrink State Insurer Citizens
Apr 1 2011 // Florida lawmakers have approved a plan designed to move more property owners into the private insurance market by restricting what properties the state-backed insurer can cover and allowing it to raise its rates. By a vote...
Florida’s Top 10 Sinkhole-Prone Counties
Mar 30 2011 // It’s no secret that property/casualty insurers have been fielding more and more sinkhole claims in Florida and now online hazard mapping firm CDS Business Mapping and its RiskMeter Online service have come up with a...
Florida Allows Reinsurer Alterra Bermuda to Reduce Collateral
Mar 29 2011 // Another reinsurer has stepped forward to take advantage of a Florida law that allows it to lower its collateral and still conduct business in the state. Florida regulators announced that Alterra Bermuda Limited has been...
Florida Insurance Office Announces Staff Changes
Mar 28 2011 // Florida Insurance Commissioner Kevin McCarty announced several staff changes at the Office of Insurance Regulation (OIR). Al Willis has been appointed acting deputy commissioner for Property & Casualty. Willis was the...
Florida Hears First Community’s Home Rates; OKs Dwelling Increase
Mar 27 2011 // Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent. The company said there are two driving...
Florida’s Homewise, First Home Insurance Companies to Merge
Mar 24 2011 // Two of Florida’s domestic insurance companies have announced that they plan to merge. Homewise Insurance Co. and First Home Insurance Co. are planning to merge sometime in the second quarter pending regulatory...
Florida Homeowners Insurers Seek ‘Flex-Rating’ Up to 15%
Mar 24 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates. The Florida Senate and Banking Insurance Committee recently approved a bill that would give homeowners insurers some latitude,...
Florida Lawmakers Take Two-Pronged Approach to Insurance Reform
Mar 23 2011 // Tort reform and fraud have become the two big targets as Florida lawmakers are finally gearing up to tackle the state’s no-fault auto insurance law. Taking a divide and conquer approach, the House Insurance and...
First Community Seeks 23% Florida Homeowners Insurance Rate Hike
Mar 22 2011 // A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their insurer’s rate request. Florida regulators are holding a public hearing today to consider...
Texas Broker Bowen, Miclette & Britt Acquires Florida Agency
Mar 22 2011 // Texas-based insurance broker Bowen, Miclette & Britt Inc. has expanded into the Florida market though the acquisition of Huckleberry Sibley & Harvey Insurance & Bonds. The acquired agency, HSH, has a client...
Florida Lowers Collateral for Montpelier Re
Mar 21 2011 // A tenth reinsurer –and ninth from Bermuda– is taking advantage of a Florida law that allows it to post a lower collateral amount while still conducting business in the state. Florida regulators announced that...
People
Mar 21 2011 // Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the...
Florida Moves on Two Troubled Insurers
Mar 21 2011 // Two Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance Co. into liquidation and suspended the license of insurer Seminole...
