Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Puts Brakes on Agent Accused of Not Placing Truckers’ Insurance
Jan 27 2009 // Florida Chief Financial Officer Alex Sink is urging the commercial trucking industry and the public to provide any information that may assist the Department of Financial Services’ ongoing criminal investigation into...
Florida Gas Stations Say Insurance Rule on Upgrading Tanks Too Costly
Jan 27 2009 // First it was high credit card fees. Then came higher gas prices. Now, hundreds of gas stations around the state are shutting down because their insurance companies will not renew policies unless stations install new...
State Farm Pulling Out of Florida Property Insurance Market
Jan 27 2009 // Florida is losing its largest property insurance company. State Farm Florida Insurance announced today it is beginning the process that will allow it to non-renew policies and halt all sales of homeowners or other...
Indiana Pulls Insurance Agent License of Pilot in Florida Jail
Jan 26 2009 // An administrative law judge in Indianapolis on Friday permanently revoked the Indiana insurance license of a financial adviser accused of bilking investors before trying to fake his death in a Florida plane crash. Judge...
Florida Signals 6.4% Workers’ Comp Rate Hike to Pay For Court Ruling
Jan 26 2009 // Florida Insurance Commissioner Kevin McCarty said that he would approve a rate filing to increase Florida’s workers’ compensation insurance rates by 6.4 percent to be effective April 1 for new and renewal...
Florida Officially Rejects State Farm Rate Hike
Jan 25 2009 // Florida Insurance Commissioner Kevin McCarty has affirmed the ruling of an administrative law judge and officially disapproved a State Farm Insurance homeowners rate filing that has been in dispute since last July. McCarty...
Florida Workers’ Compensation Market in Good Shape, Says State
Jan 25 2009 // Availability and affordability in Florida’s voluntary workers’ compensation market overall is good, although small firms, new firms and construction firms might face affordability issues due to unique...
Domestic Insurers Winning Florida Homeowners Market
Jan 25 2009 // Since 2006, About 25 New Home-Based Insurers Have Been Launched as Part of the Domestc Market Resurgence While large national insurers are downsizing in Florida, more home-based insurers are bulking up on the state’s...
Florida Panel Backs Rate Hikes, Stricter Rules for Citizens
Jan 25 2009 // A special task force is recommending that Florida’s state-backed property insurer, Citizens Property Insurance, be permitted to raise its rates beginning in 2010 and that restrictions on what homeowners it can insure...
Wilson Joins AmWINS in Florida
Jan 22 2009 // Jennifer M. Wilson has joined wholesale insurance broker AmWINS Brokerage of Florida as vice president and casualty broker. Wilson joins AmWINS from Florida Risk Specialists (Lexington), where she was a casualty manager...
Turner Joins Lassiter Ware Insurance in Florida
Jan 21 2009 // Lassiter Ware Insurance in Florida has added John A. Turner to its staff as executive vice president of the Employee Benefits Division. Turner most recently served as president of J. Rolfe Davis Insurance Co.,...
S&P: Florida Hurricane Fund, Citizens, Guaranty Fund Ratings to Negative
Jan 15 2009 // Standard & Poor’s Ratings Services revised the outlook to negative from stable on Florida Hurricane Catastrophe Fund (AA-), Citizens Property Insurance Corp. (A+), and Florida Insurance Guaranty Association...
Florida Officially Rejects State Farm Homeowners Insurance Hike
Jan 13 2009 // Florida Insurance Commissioner Kevin McCarty has affirmed the ruling of an administrative law judge and officially disapproved a State Farm Insurance homeowners rate filing that has been in dispute since last July. McCarty...
Court Upholds $7 Million Award Against Florida Day Care Firm
Jan 12 2009 // An appellate court has upheld a $7 million judgment against a Tallahassee day care center for the parents of a 7-month-old toddler found with bites, bruises and swelling across her body. The 1st District Court of Appeal...
SEC Probes Florida’s Citizens Over Securities
Jan 11 2009 // The Securities and Exchange Commission is investigating the state-backed Citizens Property Insurance Corp. in Florida on bid placements earlier this year on auction rate securities. The SEC issued a subpoena June 24...
Group Targets Hurricane Products That Don’t Meet Florida Code
Jan 11 2009 // A new consumer group in Florida is promising to track down products that are touted as hurricane protection but fail to meet state safety standards. Bill Feeley, president of the International Hurricane Protection...
Florida High Court Nixes Business Liability Waivers Affecting Children
Jan 11 2009 // The Florida Supreme Court has ruled that a parent can’t execute an injury liability waiver for a minor child when the liability release involves participation in a commercial, as opposed to community or nonprofit,...
Reinsurance Renewals Are Firming, Concludes Aon Benfield Report
Jan 9 2009 // Global reinsurance prices firmed for Jan. 1, 2009 renewals and are expected to remain firm for the April through July 2009 renewals, according to the January 2009 “Reinsurance Market Outlook” issued by...
Florida Panel Backs Rate Hikes, Stricter Rules for Citizens
Jan 9 2009 // A special task force is recommending that Florida’s state-backed property insurer – Citizens Property Insurance — be permitted to raise its rates beginning in 2010 and that restrictions on what homeowners...
Florida’s FCCI Now Owns 100% of Mississippi’s Brierfield Insurance Co.
Jan 8 2009 // FCCI Insurance Group (FCCI), a Sarasota, Florida-based commercial property and casualty insurer writing in excess of $500 million written premium in 14 states, has purchased Mississippi Insurance Managers. The transaction...
