Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Competitive in Workers’ Compensation Market Arena
Jan 24 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
Lower Collateral for 7 Reinsurers
Jan 24 2011 // Bermuda-based Renaissance Reinsurance Ltd. has been approved to participate in Florida’s property reinsurance marketplace with modified collateral requirements. In 2007, Florida lawmakers passed legislation that...
People
Jan 24 2011 // National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and catastrophe-exposed risks. He will be based in USG’s office outside...
New Florida Agency Formed After Long-Term Partners Split
Jan 24 2011 // The Connelly, Carlisle, Fields & Nichols insurance brokerage firm, a member of the Aliant Insurance Group, began operations this month at its corporate headquarters in Clearwater, Florida. The new firm comes after the...
Court Upholds Florida Regulator in Denial of Texas Insurer
Jan 23 2011 // A Texas-based workers’ compensation insurer has lost its appeal of rulings by the Florida insurance commissioner that have blocked it from doing business in the state. On Jan 20, without explanation, a three-judge...
Florida Officials Press for Improved BP Claims Administration
Jan 21 2011 // Florida’s attorney general said this week that she wants more responsiveness from the administrator handling a $20 billion Gulf oil spill claims fund. Republican Pam Bondi told journalists at The Associated...
Florida Charities, Businesses Call for End to Hurricane Premium Taxes
Jan 20 2011 // A coalition of Florida charitable and business groups is pressing the state to eliminate assessments charged all policyholders to subsidize the state-backed insurance provider and hurricane claims fund. In a letter to Gov....
Florida Suspends Lake Worth Agent’s License
Jan 19 2011 // A Lake Worth, Fla. insurance agent’s license has been suspended after he allegedly misappropriated automobile insurance premiums and issued bogus insurance identification cards to consumers. Hector Marcano, owner of...
Florida Lawmakers Seek Ways to Curb Sinkhole Losses
Jan 14 2011 // Florida lawmakers are trying to address the cost of sinkhole claims, which state officials and insurers say are driving up property insurance rates and could threaten the solvency of some domestic insurers if not brought...
Authorities Identify Florida Man Run over by Farm Vehicle
Jan 13 2011 // Florida authorities identified a man killed when a farm vehicle ran him over in an orange grove. Charlotte County authorities say 24-year-old Inocencio Morales-Chalma, from Arcadia, was killed instantly Tuesday afternoon...
2011 Insurance Industry Meetings and Conventions Directory
Jan 10 2011 // Welcome to Insurance Journal’s 2011 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Business Moves
Jan 10 2011 // Brown & Brown, Comcover Insurance broker Brown & Brown of Florida Inc. is buying Comcover Insurance Group Inc., based in Dania, Fla. With annualized revenues of approximately $1.6 million, Comcover specializes in...
It Figures
Jan 10 2011 // 20 The number of states fighting the new federal health care law in a case heard by U.S. District Judge Roger Vinson in Florida last month. The states argue that the law violates people’s rights by forcing them to...
Florida Court Nixes 48-Hour Limit on Public Adjusters
Jan 10 2011 // A Florida court has thrown out a rule banning public adjusters from soliciting customers within 48 hours of a disaster or other insurance claims event. The First District Court of Appeal ruled that the restriction on...
Florida Home Insurance Rates Rising
Jan 10 2011 // Florida regulators have approved $718 million in rate increases that will affect 4 million policyholders — even though there have been no hurricanes for five years. The insurance industry says the increases are needed...
Texas Insurer Alleges Vendetta by Florida Regulator McCarty
Jan 10 2011 // A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and defamatory in his efforts to ban the company from writing workers’ compensation...
Brown & Brown Taps Penny as Chief Acquisitions Officer
Jan 10 2011 // J. Scott Penny has been named chief acquisitions officer for Florida-based insurance agency brown & Brown Inc. Penny has served as one of the company’s regional presidents since July 2010 and previously served as...
Cruise Ship Wins $24 Million in Florida Suit Against Rolls-Royce
Jan 7 2011 // A jury has awarded $24 million to Carnival Corp. in its lawsuit against Rolls-Royce PLC involving claims of a faulty propulsion system aboard the luxury liner Queen Mary 2. The jury verdict came after a two-week federal...
Lydecker, Downs Named Brown & Brown Regional Presidents
Jan 7 2011 // Brown & Brown Inc. reports that Charles H. Charlie Lydecker has been elected regional president responsible for a number of the company’s retail operations in the state of Florida and for certain of its retail...
Hub Acquires Florida’s Farr Agency
Jan 6 2011 // Insurance broker Hub International Limited has acquired the assets of Farr Insurance Group, a Venice, Florida-based insurance brokerage firm. Terms of the acquisition were not disclosed. The company said Farr operations...
