Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Filed in 1998, Nebraska Agency Case Not Over Yet
Dec 10 2009 // After more than a decade and four Nebraska Supreme Court rulings, a new trial may soon be scheduled in a multimillion-dollar insurance dispute between Florida and Countrywide Insurance Agency. Florida is still trying to...
Florida Security Worker Denied Jury Duty Pay Awarded Damages
Dec 10 2009 // A jury has awarded a Miami security guard worker $150,000 in damages after finding that she was wrongfully denied wages and fired for serving as a juror in a murder trial. Jackalyn P. Strachan served three days on a jury...
Florida Fines People’s Trust Agency for Unlicensed Sales; Orders Rewrites
Dec 9 2009 // A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under...
National Association of Insurance Commissioners Elects New Officers
Dec 8 2009 // Members of the National Association of Insurance Commissioners (NAIC) have elected their 2010 officers at their Winter National Meeting in San Francisco. The new officers are: President: West Virginia Insurance...
Wells Fargo Insurance Buys Agencies in Florida, Washington
Dec 8 2009 // Wells Fargo Insurance Services, Inc. has acquired iLeader Risk Management Solutions, a single office, insurance brokerage located in Tampa, Fla., and Orca Bay Benefits, LLC, a single office, employee benefits insurance...
TV Host Grace Cited in Florida Wrongful Death Suit Over Suicide
Dec 7 2009 // A Harvard professor says CNN Headline News host Nancy Grace’s relentless questioning of a Florida mother three years ago contributed to her suicide, according to a filing in the family’s wrongful death...
Florida Insurance Economist Spudeck Honored
Dec 7 2009 // The National Association of Insurance Commissioners (NAIC) today presented Dr. Raymond Spudeck, senior research economist with the Florida Office of Insurance Regulation, with the organization’s most prestigious...
Florida Insurer Magnolia Loses Rating
Dec 7 2009 // One of Florida’s young property insurance companies, Magnolia Insurance Co., has been stripped of its financial rating by rating firm Demotech, Inc. Demotech assigned its Financial Stability Rating of A, Exceptional...
Declarations
Dec 6 2009 // Floridians Fret “More than a third of Floridians say they have suffered a personal financial crisis in the past year. Adequate insurance can help prevent a crisis.” —Bill Gunter, chairman of the Florida...
Rate Hikes for Florida Citizens’ ‘High Risk’ Properties Approved
Dec 6 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
State Farm Florida: Stay or Go?
Dec 6 2009 // The state’s largest private property insurer may not leave Florida after all, Insurance Commissioner Kevin McCarty told Gov. Charlie Crist and other members of the Florida Cabinet. McCarty, repeating what he has told...
Hearing on State Farm Florida Exit Plan Postponed Until January
Dec 2 2009 // A state administrative court hearing on State Farm Florida Insurance’s plan for withdrawing from Florida’s property insurance market that was set for Dec. 17 has been postponed again. At the request of...
Miami Condo Association Sues QBE Insurance Over Hurricane Claims
Nov 25 2009 // A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane...
Analysis: Despite Economy, Louisiana-Based Companies Growing
Nov 25 2009 // Despite the complexities of the nation’s worst economic downturn in decades, some Louisiana-based companies are showing surprising growth. The state recently has seen its count of homegrown Fortune 500 companies...
Florida Lawsuit Claims TD Bank Was ‘Epicenter’ in Alleged Ponzi Scheme
Nov 23 2009 // TD Bank was hit with a multimillion-dollar lawsuit Friday calling it the “financial epicenter” of an alleged Ponzi scheme run by disgraced Florida lawyer Scott Rothstein. The unit of Canada’s...
Florida Approves Rate Hikes for ‘High Risk’ Coastal Properties
Nov 22 2009 // Florida Insurance Commissioner Kevin McCarty has approved rates hikes for about 330,000 of Citizens Property Insurance Corp.’s so-called high-risk coastal property accounts. The statewide average increases include a...
McCarty Hopeful State Farm Exit from Florida Can be Avoided
Nov 20 2009 // The state’s largest private property insurer may not leave Florida after all, Insurance Commissioner Kevin McCarty told Gov. Charlie Crist and other members of the Florida Cabinet. McCarty, repeating what he has told...
Floridians Concerned About Their Personal Financial Condition
Nov 20 2009 // Against the backdrop of the worst economic slump in more than 30 years, more than 83 percent of Floridians are concerned about their money challenges and 43 percent don’t expect to be financially stronger a year from...
Gov. Crist Urges Florida Lawmakers to Ban Texting While Driving
Nov 19 2009 // Gov. Charlie Crist has urged Florida lawmakers to ban texting while driving. Crist this week asked Julie Jones, executive director of the Department of Highway Safety and Motor Vehicles, to include such a measure in her...
Ratings Roundup: Employers, Germania Mutual, Lakeview
Nov 18 2009 // A.M. Best Co. has affirmed the ‘A-‘ (Excellent) financial strength rating and issuer credit ratings (ICR) of “a-” of Employers Insurance Group (EMPLOYERS) and its four P/C members, Employers...
