Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida to Hear Citizens Property Insurance Rate Hikes of 5% to 10%
Oct 20 2009 // Florida regulatory officials will hold a public hearing Nov. 10 on proposed hikes of between 5 and 10 percent in the premiums charged by Citizens Property Insurance Corp., the state-backed property insurer. If approved,...
Nationwide to Drop 60,000 Policies in Florida
Oct 19 2009 // Nationwide Insurance Co. of Florida plans to reduce its personal lines property exposure in the state of Florida by nonrenewing 60,000 homeowners policies across the state. Nationwide said that Tower Hill Group, a Florida...
Florida Rates Its Medical Malpractice Market as Competitive
Oct 19 2009 // A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in...
Insurers Backing Away from Homes with Chinese Drywall
Oct 16 2009 // James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes...
Florida’s Homeowners Choice Makes Bid for 21st Century Holding
Oct 15 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...
Florida Approves 6.8% Workers’ Compensation Rate Cut
Oct 15 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 Halts Home Service Warranty Seller
Oct 14 2009 // Florida has ordered a home service warranty firm to stop selling contracts. State officials say the firm is not licensed to sell the products and has a reputation for denying claims. The Office of Insurance Regulation said...
Insurers Happy About Quiet Atlantic Hurricane Season
Oct 14 2009 // Thanks to El Nino, the 2009 Atlantic hurricane season has been the quietest in more than a decade, offering a reprieve for residents in the danger zone and a chance for insurance firms to refill depleted coffers. With the...
Florida’s American Keystone Insurance to Be Liquidated
Oct 13 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 Insurance Chief Grilled by Lawmakers
Oct 8 2009 // Some insurance companies could go out of business if a major hurricane hits Florida, the state’s insurance commissioner told a Senate panel this week. But after more than an hour grilling by lawmakers, Commissioner...
Florida Says Medical Malpractice Rates Decline, Market Is Competitive
Oct 8 2009 // A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in...
Nationwide Insurance to Drop 60,000 Home Policies in Florida
Oct 8 2009 // Nationwide Insurance Co. of Florida plans to reduce its personal lines property exposure in the state of Florida by nonrenewing 60,000 homeowners policies across the state. Nationwide said that Tower Hill Group, a Florida...
Florida’s ‘Whocanisue’ Legal Web Site Attracts Plaintiffs, Irks Other Lawyers
Oct 7 2009 // Have you been bitten by a vicious dog? Been the victim of a surgical mishap? A sexual assault on a cruise ship? There’s a lawyer waiting for your call. Boca Raton-based whocanisue.com has scores of billboards and...
Changes at Tower Hill Secure Rating from Demotech
Oct 6 2009 // Insurance company rating firm Demotech, Inc. said it has affirmed the Financial Stability Ratings of A, Exceptional, assigned to Tower Hill Prime Insurance Co., Tower Hill Preferred Insurance Co., Tower Hill Select...
Florida Home Insurers Losing Money; Will State Farm Stay?
Oct 5 2009 // Homeowners insurers doing business in Florida – established as well as new – are losing money and the state regulator says rates may need to go up. Also, the state’s largest private home insurer, State...
Business Moves
Oct 5 2009 // Prepared Insurance, Florida Florida approved a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, is...
Hurricane Losses Color Florida’s Deficit
Oct 5 2009 // A Florida House-Senate budget panel has added the state’s risk of incurring billions of dollars in possible hurricane insurance losses to Florida’s long-range financial outlook. The new changes could dwarf...
Florida Hearing on 6.8% Workers Compensation Rate Drop Set for Oct. 6
Oct 2 2009 // There will be a public hearing in Tallahassee on Oct. 6 for the insurance industry’s proposed 6.8 percent workers’ compensation rate decrease for Florida employers. The National Council on Compensation...
Tully Joins Lassiter Ware Insurance in Florida
Sep 30 2009 // Mike Tully has joined the team of Lassiter Ware Insurance in the Maitland, Fla., office as a commercial insurance consultant, specializing in technology, medical/life sciences and recycling. Tully graduated from Florida...
Florida Workers’ Compensation Guaranty Fund Elects Directors
Sep 29 2009 // The Florida Workers’ Compensation Insurance Guaranty Association announces its newly elected / re-elected board of directors. Terms begin Oct. 1, 2009 and run through Sept. 30, 2013. Heading the FWCIGA board is Tom...
