Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Texas, Louisiana Homeowners Insurance Pricey; Florida Most Expensive
Jan 10 2010 // Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium...
Florida Probing Cruise Customer Complaints Against Trip Insurer
Jan 8 2010 // Hundreds of people who canceled a cruise vacation booked though Florida travel agents because of illness say the insurer didn’t pay. Health News Florida reports that Florida’s Department of Financial Services...
Florida CFO Helps Customers Recover $22 Million from Insurers
Jan 8 2010 // The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in...
Chinese Drywall Lawsuit Filed in Louisiana but Most Claims Are in Florida
Jan 7 2010 // On Jan. 6, the WCI Chinese Drywall Trust, an entity formed in bankruptcy proceedings of residential homebuilder WCI Communities Inc., announced it had filed suit against 14 insurance companies seeking indemnification for...
Florida Doctors Insurance Merges with Physicans Preferred
Jan 6 2010 // Florida Doctors Insurance Co. has completed a merger and acquisition of Physicians Preferred Insurance Co. (PPIC), which Florida Doctors said makes it the fourth largest admitted writer of physicians and surgeons medical...
Florida Peninsula to Acquire Home Insurer Edison
Jan 5 2010 // Boca Raton-based Florida Peninsula Holdings has agreed to acquire another Florida property insurer, Edison Insurance Group, including its two subsidiaries, Edison Insurance Co. and Edison Insurance Underwriters. The...
Louisiana Homeowners Insurance Pricey; Texas, Florida More Expensive
Jan 5 2010 // Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium...
Report: Florida’s Workers’ Comp Market is Competitive
Dec 31 2009 // A new report released by the Florida Office of Insurance Regulation concludes the state’s workers’ compensation insurance market is competitive. The report, based on data from 2008, shows the Florida market...
Florida’s Homeowners Choice Assumes 23,000 Policies from Citizens
Dec 29 2009 // State officials have authorized a private Florida insurer to accept 23,000 policies from the state-owned insurer, Citizens Property Insurance Corp. Homeowners Choice, Inc. said the assumption of these policies represents a...
Special Reuters Report: America’s Route to Recovery
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school...
Florida Insurer Magnolia Placed Under State Supervision
Dec 28 2009 // Home insurer Magnolia Insurance Co. has been placed under administrative supervision by Florida insurance regulators who said it is in unsound financial shape and its president, H. James Irl, has resigned. The Coconut...
Florida Driver’s Licenses Have New ID Requirements
Dec 23 2009 // Renewing or updating information on driver’s licenses in Florida will get tougher after Dec. 31. After that, the state will require additional proof of identity and place of residence. It’s part of the federal...
Health Insurance Captive Ordered to Stop Selling in Florida
Dec 22 2009 // Florida Insurance Commissioner Kevin McCarty has ordered captive insurer American Assurance Underwriters Group and its affiliates Worldwide Expatriate Administrators LLC and Worldwide Expatriate Advisors LLC to stop...
Florida Judge Approves Liquidation of First Warranty
Dec 22 2009 // A Circuit Court judge in Florida’s Leon County has ordered the warranty company, Intercontinental Marine Service Corp., which does business as First Warranty Group of Florida, into liquidation. The company, with...
Auto Warranty Firms Shut Down in Florida
Dec 22 2009 // Florida insurance officials have shut down four firms selling motor vehicle service warranties for being unlicensed. Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation has...
People
Dec 20 2009 // Beecher Carlson expanded its National Energy practice by appointing Jacklyn Kearns senior vice president. Kearns has 28 years of insurance and risk management experience. She joins Charlie Pierpont in Beecher...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Michigan Orders Florida Man to End Unlicensed Insurance Activity
Dec 18 2009 // The Michigan Office of Financial and Insurance Regulation (OFIR) has ordered a Florida man who is not licensed to sell insurance in Michigan to stop all insurance related activity in that state. The OFIR says Richard...
State Farm to Stay in Florida, Cancel 15% of Policies, Raise Rates 15%
Dec 16 2009 // State Farm Florida will remain in Florida under a negotiated agreement that allows it to cancel about 15 percent of its policies and raise rates 14.8 percent. The deal also allows its contract agents to place the business...
Florida Municipal Insurance Trust Says 2009 a ‘Record’ Year
Dec 15 2009 // The non-profit insurance trust for cities and towns in Florida reports it had a record-breaking year in 2009, with a 35 percent increase in written premiums and a 92 percent renewal rate among its municipal customers. The...
