Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Man Sued for $15K Over Negative Remark Posted on eBay
Apr 13 2010 // Can posting your opinion on eBay cost you in real life? So far Michael Steadman of Florida has spent $7,000 for his, and he isn’t yet done defending himself in a $15,000 defamation lawsuit brought by the man who sold...
Florida’s Northern Capital to Be Liquidated; All Policies End May 30
Apr 13 2010 // Judge James O. Shelfer of the Second Judicial Circuit Court of Florida has ordered Miami-based Northern Capital Insurance Co. (NCIC) into receivership for the purpose of rehabilitation. At the same time, the court ordered...
Florida Chief McCarty: Facts, Not Fear, Should Guide Insurance Debate
Apr 12 2010 // Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of...
Olympus Is Latest Insurer Under Scrutiny by Florida Regulators
Apr 12 2010 // Another young Florida property insurance company is in trouble with state regulators and could lose its license if it does not cut back on business, boost its reinsurance and explain some if its accounting. Olympus...
As Surveillance Cameras Catch On, Florida Police Catch Criminals
Apr 9 2010 // The eyewitnesses are everywhere, watching everything. Break-ins. Bank heists. Convenience store robberies, purse snatchings and shopping sprees charged on stolen credit cards. All these incidents and more caught in the...
Florida Orders Infinity Surety, Abba Bonding to Halt Sales
Apr 9 2010 // Florida insurance regulators have ordered two firms to stop selling unauthorized surety insurance. The Office of Insurance Regulation (OIR) issued an order to Infinity Surety Co., Infinity Surety Agency and its president...
5 More States Join Lawsuit Against New Healthcare Law
Apr 8 2010 // Five more states are joining a Florida-led group of states in a lawsuit challenging President Barack Obama’s overhaul of the U.S. healthcare system, Florida’s attorney general said Wednesday. The joint lawsuit...
Florida to Shut Down Insolvent Northern Capital
Apr 8 2010 // Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. The Office of Insurance Regulation (OIR) made an official request to the state’s...
Florida Gov. Crist Vows to Veto Bills Favoring Insurers
Apr 8 2010 // Gov. Charlie Crist says he will veto any legislation that raises homeowners insurance rates. “If a bill gets to my desk that favors the insurers, I will veto it,” Crist told a group of Realtors convening at the...
Florida Jury Awards $10 Million in Ambulance Birth
Apr 7 2010 // A jury has awarded $10 million to a Volusia County who sued an ambulance transport service over injuries her son received during his premature birth in 2003. The jury decided last week that EVAC Ambulance was negligent for...
Brown & Brown Elects Bridges Western Regional President
Apr 6 2010 // The Board of Directors of Brown & Brown Inc. has elected C. Roy Bridges regional president responsible for most of the company’s retail operations in the western United States. He will continue to have regional...
U.S. High Court Weighs Foreign Investors Suing in U.S. Courts
Apr 6 2010 // The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud. The court heard argument in a challenge from Australian...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Florida Enforcement Sting Nets Unlicensed Moving Companies
Apr 5 2010 // Florida officials are targeting unregistered and uninsured moving companies following complaints from consumers and others in the industry. Florida Agriculture and Consumer Services Commissioner Charles H. Bronson said he...
Florida’s Federated National Gets $10 Million in Capital; Rating Affirmed
Apr 5 2010 // Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from...
Business Moves
Apr 5 2010 // 21st Century, HomeWise 21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Florida Eyes Insurer Payments to Affiliates
Apr 5 2010 // Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities. “I’d...
FEMA Nixes Aid for Florida Chinese Drywall Damage
Apr 5 2010 // Florida asked for federal assistance for thousands of homeowners with property damage caused by defective Chinese drywall but the Federal Emergency Management Agency, which typically deals with hurricanes and other natural...
Before the Storms
Apr 5 2010 // As Insurance Commissioner Kevin McCarty told the Florida Cabinet, “the marketplace still faces serious challenges.” Out of the more than 200 property insurance companies in Florida, 81 reported underwriting...
Montgomery Offers Commercial Fleet Technology Service in Florida
Mar 31 2010 // Montgomery Insurance, a Liberty Mutual Group regional operation, is now providing Onboard Advisor for commercial fleets in Florida. Onboard Advisor is a fleet management solution that helps companies increase fleet safety...
