Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Palm Beach Capital Acquires Florida-based Workers’ Comp Provider
Jun 30 2008 // Palm Beach Capital of West Palm Beach, Florida, acquired SUNZ Group LLC, a workers’ compensation solutions provider. SUNZ, based in St. Petersburg, Florida and founded in 2005, provides workers’ compensation...
5 Cars, Motorcycle Crash in South Florida, 9 Hospitlaized
Jun 27 2008 // A crash in South Florida that involved five cars and a motorcycle sent nine people to hospitals authorities said. A Davie, Fla. Fire Rescue spokesman said paramedics also examined three people at the scene June 25. The...
Insurers Accuse Florida Regulators of Changing Rules in Mid-stream
Jun 26 2008 // The National Association of Mutual Insurance Companies said a seemingly innocuous rule change proposed for Florida’s insurance system could further dissuade insurance companies from doing business in the state. The...
Florida-based Setnor Byer Insurance & Risk Adds Nicholson
Jun 26 2008 // Florida-based Setnor Byer Insurance & Risk and its affiliate, The Human Equation, hired Keith Nicholson to serve as vice president of finance. Nicholson brings 20 years of accounting experience to the firm, and comes...
Florida Free Wind Inspection Program Nears Goal
Jun 24 2008 // More than 365,000 Florida homeowners have signed up for free wind inspections through the My Safe Florida Home program, only 35,000 inspections shy of the Florida Legislature’s goal of 400,000 by June 2009. The...
Florida Citizens Insurance Board of Governors Chairman Retires
Jun 23 2008 // Florida’s state-backed Citizens Property Insurance Corp. announced the retirement of its board of governors’ chairman. At its meeting in Jacksonville, Bruce Douglas said he decided not to seek reappointment to...
Ratings: Argonaut, MAPFRE (Fla.), Pekin, Penn National, AXA Art, Tennessee Farmers, ALPS, BancInsure
Jun 23 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the Texas-based Argonaut Insurance Group and its members. Best also...
RenRe Hosts Hurricane Risk Mitigation Leadership Forum
Jun 20 2008 // Bermuda’s RenaissanceRe Holdings Ltd. marked the start of the 2008 hurricane season by holding a seminar, the first ever “Hurricane Risk Mitigation Leadership Forum”, which announced some key findings on...
Florida’s Citizens Secures $1.75 Billion for its High Risk Account
Jun 20 2008 // Florida’s state-backed Citizens Property Insurance Corp., says it has secured pre-event financing of $1.75 billion for its high risk account. This amount is in addition to the $1.6 billion bank credit line obtained...
Feds Cite Florida Chemical Plant in Fatal Blast
Jun 20 2008 // The owners of a Florida chemical plant where a December explosion killed four workers were cited June 18, accused of violating federal safety standards. A report from the Occupational Safety and Health Administration found...
McCain, GOP Governors Split Over Disaster Fund
Jun 19 2008 // A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a handful of GOP governors —...
Florida Association of Insurance Agents Names New Board Members
Jun 18 2008 // The Florida Association of Insurance Agents named three new board members at its annual conference held June 13-15. Each will serve on the board for a term of three years. Robert S. Ludwig, AIC, vice president of...
NIA Group Acquires Florida-based Taylor Financial Insurance Agency
Jun 18 2008 // Insurance brokerage firm The NIA Group LLC acquired Taylor Financial Insurance Agency of Jacksonville, Florida, marking NIA’s third agency purchase in the Sunshine State. Taylor Financial provides employee benefits...
Salmonella Cases from Eating Raw Tomatoes Found in Florida, North Carolina
Jun 16 2008 // A Southwest Florida man is the state’s first victim of the salmonella outbreak tied to raw tomatoes. State Health Department officials say the unidentified man got sick after eating tomatoes during a visit to New...
Florida Task Force Issues Final Report on Citizens’ Claims Handling
Jun 16 2008 // The Task Force on Citizens Property Insurance Claims Handling and Resolution, created during the 2007 Legislative Special Session, issued its third and final report. In addition to the June 11 submission, the task force...
Florida Extends State Insurer’s Rate Freeze for Another Year
Jun 16 2008 // When the dust settled at the end of the 2008 legislative session, Florida lawmakers had presented their governor with a full plate of insurance issues, the most significant of which is a bill including a rate-freeze...
Declarations
Jun 16 2008 // Asbestos Ruling “We hold that the Act cannot constitutionally be so applied and return the cases to the trial court for consistent proceedings.” —The Florida Fourth District Court of Appeal ruled, stating...
State Regulators Call for More Study of Credit Scoring Use in Insurance
Jun 16 2008 // State regulators told Congress that more study of credit scoring use by insurance companies is needed to determine if the practice is unfairly discriminatory. “As state regulators, it is our sincere desire that the...
Olympus Insurance Decreases Homeowners Rates in Florida
Jun 12 2008 // Olympus Insurance Co. of Orlando, Fla., lowered its homeowners insurance rates, most notably in inland counties and for newer homes. The lower rates will have greatest effect on 33 inland counties across Northern and...
Workers’ Comp Insurer AmCOMP Fights Excess Profits Charge in Florida
Jun 11 2008 // Florida-based workers compensation insurer AmCOMP Inc. has asked for a hearing to dispute Florida officials’ claim that its profits have been excessive. According to AmCOMP’s request for the hearing, the...
