Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida State Senator Wants Clinical Trial Claims Covered
Nov 2 2009 // A powerful Florida state senator wants insurance companies and HMOs to stop denying coverage of routine medical treatment, such as doctor’s visits and X-rays, for Florida cancer patients participating in clinical...
Florida Approves 6.8% Workers’ Compensation Rate Cut
Nov 1 2009 // Florida Insurance Commissioner Kevin McCarty has given the green light to an overall statewide average workers’ compensation rate decrease of 6.8 percent. The decrease, which was proposed by the industry’s...
Florida’s Citizens Reconsiders, Renews House With Chinese Drywall
Nov 1 2009 // Florida’s state-backed property insurer has taken a second look at a home with corrosion from defective Chinese drywall and decided to renew its homeowners’ insurance policy on the house after all. Citizens...
Florida’s American Keystone Faces Liquidation
Nov 1 2009 // Leon County Circuit Court Judge John C. Cooper has granted a request by state insurance officials to place American Keystone Insurance Co. in Ponte Vedra Beach into state receivership to be liquidated. American Keystone...
Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding
Nov 1 2009 // Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12...
21st Century Holding Targeted by Florida Insurer
Nov 1 2009 // Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12...
Agents’ E&O Marked By Stability, Satisfaction
Nov 1 2009 // As Agency Revenues Fell, At Least E&O Previums Didn’t Rise Independent insurance agents have had plenty to fret about the past year, including falling revenues. Thus stability in the market and pricing for their...
Homeowners Choice to Pick Up American Keystone Business in Florida
Oct 30 2009 // Homeowners Choice, Inc. reports it has been selected as the replacement home insurer for policyholders of American Keystone Insurance Co., which was placed into receivership earlier this month. All of American...
Florida Approves 5.4% Citizens Homeowners Rate Hike
Oct 30 2009 // Florida’s state-backed and largest property insurer will be allowed to raise its rates for homeowners an average 5.4 percent in 2010. The increase is the first one allowed since lawmakers froze the rates of Citizens...
21st Century Holding Firmly Rejects Homeowners Choice Buyout
Oct 29 2009 // Lauderdale Lakes, Fla.-based 21st Century Holding Co. said its board of directors has unanimously rejected an unsolicited buyout proposal by Florida-only insurer Homeowners Choice, Inc., which sought to acquire all...
Carroll, Jarratt and Lee Added to PCI’s Board of Governors
Oct 29 2009 // Steven D. Carroll, Robert Jarratt and Michael H. Lee have been elected as the newest members of the Property Casualty Insurers Association of America’s (PCI) Board of Governors. Carroll, serves as executive vice...
Florida 6.8% Workers’ Compensation Rate Cut Officially Approved
Oct 27 2009 // Florida Insurance Commissioner Kevin McCarty has issued a final order approving the National Council on Compensation Insurance’s (NCCI) amended rate filing for workers’ compensation insurance rates that will...
Real Estate Agent Arrested for Workers’ Comp Fraud in New York
Oct 27 2009 // A Florida real estate agent has been arrested in New York for committing insurance fraud against the state’s largest workers’ comp insurer, the New York State Insurance Fund. Ben Keskin, 52, of Florida, was...
Florida’s Citizens Vows to Validate Its $700 Million in Mitigation Credits
Oct 26 2009 // State-backed Citizens Property Insurance Corp. plans to begin validating wind mitigation credits that have cut premiums by $700 million for 400,000 Florida policyholders. Citizens’ Board of Governors approved an...
Florida Judge: $97M Nicaraguan Judgment Against Dole Unenforceable
Oct 23 2009 // Florida judge has said a $97 million judgment against U.S. food giant Dole and Dow Chemical Co. cannot be enforced because the Nicaraguan court that issued it neither had jurisdiction nor met international legal...
Florida’s Citizens Reconsiders, Renews House With Chinese Drywall
Oct 23 2009 // Florida’s state-backed property insurer has taken a second look at a home with corrosion from defective Chinese drywall and decided to renew its homeowners’ insurance policy on the house after all. Citizens...
Ratings Roundup: MAPFRE Florida, Selective (stock/debt)
Oct 23 2009 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of MAPFRE...
Florida Urged to Hike All Citizens Property Insurance Rates By 10%
Oct 22 2009 // Florida insurance regulators are failing in their duties if they don’t make the state-backed Citizens Property Insurance Corp. raise property insurance rates by 10 percent across the board, a business group lobbyist...
Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal
Oct 22 2009 // Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida. The premium rate increase, which will average approximately 14.6...
Florida Peninsula Offers to Pick Up Home Policies Dropped by Nationwide
Oct 21 2009 // Florida Peninsula Insurance Co., a domestic property/ casualty company writing homeowners and condominium policies statewide, says it is prepared to insure Florida homeowners policies that Nationwide Insurance Co. of...
