Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Republicans Eye Special Session to Revisit Crist Vetoes
Nov 5 2010 // Incoming Republican legislative leaders said they are considering calling a special session in the coming weeks to override some of Gov. Charlie Crist’s vetoes. Crist’s veto of a property insurance bill could...
McCahill Retires at Florida’s St. James Insurance
Nov 4 2010 // Jim McCahill has announced his retirement from active duty with St. James Insurance Group and St. Johns Insurance Co. Robert Lucas will continue in his role as president and CEO of the parent company, St. James, and Reese...
Republican Scott Wins Florida Governor Race; Atwater Elected CFO
Nov 3 2010 // Floridians woke up this morning without knowing for certain who will be their next governor, although Republican healthcare executive Rick Scott held a slight edge over Democrat Alex Sink. Sink waited until final results...
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
Nov 1 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf...
It Figures
Nov 1 2010 // $75 Million The federal oil spill liability cap that BP has now said in court documents that it will waive. BP urged other defendants in the case, including Transocean Holdings LLC and Anadarko Petroleum Corp. to also...
Remember Orlando
Nov 1 2010 // What do you get when you corral Florida property insurance executives and policymakers in a room for an afternoon away from the TV cameras and pundits? The answer is: consensus. Consensus on how to move the Florida...
What’s Next: The Florida Sinkhole Insurance Fund?
Nov 1 2010 // Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the “best way to go,” according...
Business Moves
Nov 1 2010 // Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the...
300 Homes to Be Repaired in Settlement With Chinese Drywall Firm
Nov 1 2010 // A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf...
Florida Gubernatorial Candidates Sink, Scott Address Citizens, Safety
Oct 28 2010 // Florida Republican Rick Scott says that if he is elected governor he will require state-backed Citizens Property Insurance to stop offering multi-peril policies in order to bring its costs in line with premiums, while Alex...
Florida’s McCarty Elected President-Elect by State Regulators
Oct 26 2010 // The National Association of Insurance Commissioners (NAIC) elected Florida Commissioner Kevin McCarty to be president-elect effective Jan. 1, 2011 at its recent meeting in Orlando. McCarty served as vice president of the...
Lawsuit Targets Florida’s Citizens Over No-Bid Contracts
Oct 25 2010 // Florida’s Citizens Property Insurance Corp. is facing a class action lawsuit alleging that it improperly awarded dozens of no-bid contracts worth more than $49 million. The lawsuit filed in Tallahassee seeks...
Cratem Named Underwriting Chief at Sunshine State Insurance in Florida
Oct 25 2010 // Michael R. Cratem, an insurance executive with 18 years in the business, has been named vice president and chief underwriting officer at Sunshine State Insurance Co., which writes homeowners’ insurance in...
Introducing… The Florida Sinkhole Insurance Fund?
Oct 22 2010 // Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the “best way to go,” according...
Atwater, Ausley Vie to Succeed Sink As Florida CFO
Oct 19 2010 // Although Florida’s next chief financial officer will take charge during one of the rockiest times in the state’s financial history, the race has received little attention amid higher-profile races for the U.S....
Florida Man Gets $650K for Strip Club Injury
Oct 18 2010 // A South Florida attorney says his client will get $650,000 after a dancer’s platform shoe shattered his eye socket at a strip club. Attorney Lake Lytal III said the Cheetah club’s insurance company agreed...
In Developing Producers, a Little Help From One’s Friends Goes a Long Way
Oct 18 2010 // As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business – where building relationships are key to success – that friend...
Florida Medical Liability Market Found in Good Health
Oct 18 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...
Florida Court Permits Bad Faith Lawsuit Against Citizens to Proceed
Oct 18 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 CFO Urges Citizens to Competitively Bid More Contracts
Oct 18 2010 // Florida CFO Alex Sink is urging state-backed Citizens Property Insurance Corp. to put more contracts out for bids. Sink sent a letter to Scott Wallace, president and executive director of Citizens, asking Citizens to...
