Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida CFO Urges Citizens to Competitively Bid More Contracts
Oct 8 2010 // Florida CFO Alex Sink is urging state-backed Citizens Property Insurance Corp. to alter its contracting procedures and put more contracts out for competitive bids. Sink sent a letter to Scott Wallace, president and...
Florida Court Permits Bad Faith Lawsuit Against Citizens to Proceed
Oct 8 2010 // A lawsuit alleging bad faith claims handling by Florida’s state-created insurer, Citizens, will proceed to trial over the objection of the insurer that it is protected against such suits by immunity granted...
Florida Prepares for Potentially Severe Wildfire Season
Oct 8 2010 // Dry conditions in at least some parts of the state coupled with a long-range forecast calling for a significant drying cycle threaten a potentially severe wildfire season, Florida Agriculture and Consumer Services...
Florida Medical Malpractice Insurance Market Found in Good Health
Oct 6 2010 // Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news...
Progressive Expanding in Colorado, Florida, Ohio, Texas
Oct 6 2010 // Progressive Insurance recently announced plans to add hundreds of new jobs in Colorado, Florida, Ohio and Texas by the end of January 2011. The additions include sales, service and claims positions. Progressive said it...
Florida Weighs 8.3% Workers’ Compensation Rate Increase Today
Oct 5 2010 // Workers’ compensation insurers in Florida will be asked to explain their request for an average 8.3 percent rate hike today before the Florida Office of Insurance Regulation (OIR). The OIR is holding a public hearing...
Florida Cheerleader’s Mom Not Satisfied with Insurance Settlement
Oct 4 2010 // Two years after her 18-year-old daughter died from a rare genetic condition during plastic surgery, Joanne Kuleba can talk about her without crying. The devastating sadness has been replaced by new emotions: Anger....
Business Moves
Oct 4 2010 // Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed. The transaction, which includes the rights to the...
Business Moves
Oct 4 2010 // Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed, but the companies said it would close the...
Florida Approves 10.3% Average Rate Hike for State-Backed Citizens
Oct 4 2010 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by state-backed Citizens Property Insurance Corp. The actual rate...
Florida Concerned Medical Ratio Rule Will Marginalize Agents
Oct 4 2010 // The Florida Office of Insurance Regulation (OIR) recently conducted a public hearing with the Florida Health Insurance Advisory Board (FHIAB) to review the impact of the federal Medical Loss Ratio (MLR) requirements. The...
Saved From Death Suits in Florida
Oct 4 2010 // How Florida Workers’ Comp Law Shields Disney World, SeaWorld from Liability In 2003, lawmakers approved a 182-page rewrite of the state’s laws for workers’ compensation. They are two of Central...
Florida Man Sues Bar for Serving Him Too Many Drinks
Sep 27 2010 // A 73-year-old Bradenton, Fla.-area man who crashed his motorized scooter after too many drinks is suing the bar that served him. The Bradenton Herald reported John Wasko of Manatee filed a lawsuit last week against The...
Gremesco Sells Florida Office Only to New Jersey Wholesaler PRS
Sep 27 2010 // New Jersey-based Professional Risk Solutions (PRS), a wholesale insurance broker, has purchased the assets of Gremesco of Florida, LLC, one of seven members of the Gremesco group of companies. All of the other offices of...
Florida Approves 10.3% Rate Hike for Citizens Property
Sep 23 2010 // Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp. Citizens had filed...
Florida Workshop to Review New Mitigation Credit Inspection Form
Sep 21 2010 // Florida insurance officials are holding a public workshop to review the form used by inspectors to document eligibility for wind mitigation discounts for personal residential property tomorrow, Wed., Sept. 22, 2010. During...
Business Moves
Sep 20 2010 // Unisource Program, U.S. Risk Specialty lines underwriting manager and wholesale broker U.S. Risk Insurance Group Inc. has taken over Florida-located Unisource Program Administrators, a wholesaler of workers’...
Florida Insurer Blames Exit on Fraud
Sep 20 2010 // With a letter sent out a few weeks ago, Explorer Insurance announced that it will no longer write private automobile policies in Florida because there is too much fraud. “The company is taking this action in light of...
Florida’s Citizens Says Sinkhole Claims Require Rate Hike
Sep 20 2010 // At a hearing before the Florida Office of Insurance Regulation, Citizens Property Insurance Corp. officials blamed sinkholes as the major reason the public insurer needs a rate increase. Testifying at the public hearing in...
America’s Best Independent Agencies to Work For
Sep 20 2010 // Salaries and Benefits Lead but Quality of People and Relationships Win Votes, Too The results are in from the 2010 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies...
