Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida’s Citizens Offers New Commercial Nonresidential Policy
Nov 16 2008 // Florida’s state-backed Citizens Property Insurance Corp. has begun offering a commercial nonresidential multi-peril policy for business. This new policy is available to eligible nonresidential risks located...
Declarations
Nov 16 2008 // Row Own Boat “Taxpayers should be a last resort rather than a cheap source of capital … We’ll row our own boat.” —Evan Greenberg, Ace Limited’s CEO, chiding insurers that have hinted they...
Florida Cat Fund Questions Risk Trigger Insurer Ratings
Nov 16 2008 // A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings...
North Carolina, Florida Join States Lowering Workers’ Comp Rates
Nov 16 2008 // North Carolina and Florida have joined the ranks of states where workers’ compensation costs are falling. North Carolina Insurance Commissioner Jim Long approved a North Carolina Rate Bureau filing for a 4.4 percent...
Wanted: Agencies Focusing on Hispanic Market
Nov 16 2008 // Arizona, California, Nevada High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The business model calls for growing agencies by expanding their product mix to include life products,...
Florida Approves 110,000 More Withdrawals from Citizens Property
Nov 14 2008 // Florida officials have approved up to 110,000 more policy removals by private insurers from the state-backed insurer Citizens Property Insurance Corp. Florida Insurance Commissioner Kevin McCarty said six insurance...
Florida’s Harden & Associates Names Huber, McKenna to Posts
Nov 13 2008 // Jacksonville, Fla.-based Harden & Associates has added Chris Huber as a Commercial Insurance account director. Harden & Associates also named Kathryn McKenna as a Personal Insurance account director. Prior to...
Florida’s Fay Claims Total $246M in Damage
Nov 12 2008 // More than 41,000 claims were filed with Florida insurers on damages suffered from Tropical Storm Fay which swept across much of the state in August. A spokesman for the Office of Insurance Regulation said Monday that 84...
Florida Cigarette Case Could Affect Other Products
Nov 12 2008 // A tobacco lawyer has asked the Florida Supreme Court to reverse a $545,000 product liability verdict because the ailing smoker who won the judgment wasn’t required to prove the company could have made a safer...
Kingsway to Consolidate Alabama, Florida Insurance Operations
Nov 10 2008 // Toronto-based Kingsway Financial Services Inc. said it will consolidate the operations of Southern United Fire Insurance Co., based in Mobile, Alabama, with Hamilton Risk Management, its subsidiary based in Miami,...
Florida Gov. Names 8 to Building Commission
Nov 7 2008 // Florida Gov. Charlie Crist recently reappointed some and appointed others to the Florida Building Commission, pending Senate confirmation: Randall Vann, 59, of Cape Coral, self-employed plumbing contractor, reappointed for...
Florida’s Citizens Property Insurer Offers Commercial Multi-Peril Policy
Nov 4 2008 // Florida’s state-backed Citizens Property Insurance Corp. will begin offering a commercial nonresidential multi-peril policy on Nov.17. This new policy will be available to eligible nonresidential risks located...
Declarations
Nov 2 2008 // Rocky Quarter “It was a rocky third quarter for insurers, but risk managers still saw prices improve on average. It is increasingly clear, though, that premiums cannot continue to fall at this pace, especially with...
A.M. Best, Insurers Worry Financial Crisis Could Affect Florida’s Cat Fund
Nov 2 2008 // The Florida Hurricane Catastrophe Fund Advisory Council recently rattled the nerves of insurers when it presented its 2008 October bonding estimates. David Sampson, president of the Property Casualty Insurers Association...
It Figures
Nov 2 2008 // 22% The percentage of agents responding to an Insurance Journal survey who said they have cut unnecessary spending in response to the current financial crisis. Another 22 percent have taken steps to communicate more with...
Florida Gets Workers’ Comp Hike Warning
Nov 2 2008 // The Florida Supreme Court recently struck down a cap on fees for lawyers of injured workers, saying the attorneys must receive reasonable pay. Businesses fear the ruling will lead to higher workers compensation...
Florida-based AmCOMP Gets Approval to Merge with Employers
Oct 30 2008 // North Palm Beach, Fla.-based AmCOMP Inc. received stockholder approval for Employers Holdings Inc. to acquire AmCOMP. Approval required a vote of at least a majority of AmCOMP’s outstanding shares of common stock. Of...
Florida Approves Another Rate Decrease for Workers’ Comp
Oct 30 2008 // Florida Insurance Commissioner Kevin McCarty approved the National Council on Compensation Insurance’s amended rate filing for workers’ compensation insurance rates that will become effective Jan. 1. The rate...
Florida Insurance Fraud Case Lands Attorney in Prison
Oct 30 2008 // A South Florida attorney has been disbarred and ordered to surrender on Nov. 7 to serve 366 days in a Florida prison, according to Florida Chief Financial Officer Alex Sink. Broward County Circuit Judge Pedro Dijols...
Exposure to Florida Catastrophe Fund Triggers A.M. Best Review
Oct 30 2008 // A.M. Best Co. says based on the credit market contraction and the uncertainty regarding the Florida Hurricane Catastrophe Fund’s ability to fund its claims-paying capacity, it placed several insurers’ ratings...
