Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
American Strategic: Golden Haired Boy at Fla. Senate Hearings
Feb 6 2008 // After the Florida Senate Select Committee on Property Insurance Accountability heard testimony from The Hartford and Florida Farm Bureau Tuesday, Sen. Steve Geller, D- Hallandale Beach, said the final group of the day,...
Hartford Group to Shed 27,000 Homeowners’ Policies in Florida
Feb 6 2008 // The Hartford Group, testifying in front of the Florida Senate Select Committee on Property Insurance Accountability Tuesday said they will implement a non-renewal program in Florida beginning in August. The year-long...
Allstate Defends Property Insurance Rate Proposal to Lawmakers
Feb 6 2008 // Warming oceans, and the possibility they may bring more hurricanes, have to be considered when setting property insurance rates, Allstate officials told lawmakers Monday, defending themselves against allegations they are...
Florida Home Mitigation Council to Hold First Meeting
Feb 4 2008 // The first meeting of the legislatively created My Safe Florida Home Advisory Council is scheduled to take place in Tallahassee today. according to Florida Chief Financial Officer Alex Sink. Sink will address the council at...
Court: Allstate Can Still Write Policies in Florida, for Now
Feb 4 2008 // Allstate insurance companies can keep on writing new policies in Florida under an appeals court ruling that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the...
Fla. Court to Expedite Allstate Appeal, Insurance Commissioner Encouraged
Jan 31 2008 // The Florida First District Court of Appeals has expedited Allstate Insurance Co.’s appeal of Insurance Commissioner Kevin McCarty’s Jan. 17 final immediate order suspending the companies’ licenses to...
Fla. CFO Concerned as Gov. Proposes Workers’ Comp Fund Sweep
Jan 31 2008 // In response to Gov. Charlie Crist’s budget recommendations for the 2008-2009 fiscal year, Florida Chief Financial Officer Alex Sink expressed concerns over proposals to reduce the Workers’ Compensation...
Allstate 4Q Profit Falls 37% as Calif. Wildfire Losses Top $300M
Jan 31 2008 // Hit by an increase in catastrophe losses, Northbrook, Ill.-based insurer Allstate Corp. saw its profit drop by more than 37 percent in the fourth quarter of 2007 compared to the same period in 2006. The fourth quarter net...
ASI Lloyds to Enter Homeowners Marketplace in La.
Jan 30 2008 // ASI Lloyds (ASI), of St. Petersburg, Fla., announced plans to enter the personal property insurance market in Louisiana. ASI was recently a recipient of the Insure Louisiana Incentive program sponsored by the state. ASI...
9th Windstorm Insurance Forum to Focus on Fla. Property Concerns
Jan 30 2008 // The concerns of property insurance in Florida and the perils facing the property insurance industry are some of the key issues to be addressed at the Ninth Annual Windstorm Insurance Conference, set for Feb. 4 – 7 in...
AIG Pays $12.5M to Settle with States Over Bid-Rigging Allegations
Jan 29 2008 // American International Group, Inc. (AIG) confirmed today that it has reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
Declarations
Jan 27 2008 // Severe Impact “There’s a lot of scrap metal in the trees and fence lines, a lot of insulation, lumber. … The path of the tornado was several miles long and impacted a number of different areas where there...
Fla. Insurance Regulator Files to Reinstate Allstate Suspension
Jan 24 2008 // The Florida Office of Insurance Regulation filed its response with the First District Court of Appeal seeking to have a suspension of the Allstate Companies’ certificates of authority reinstated. The 12-page response...
Feds Agree to $750,000 Payment in Florida Malpractice Suit
Jan 21 2008 // The U.S. government will pay $750,000 to settle a medical malpractice lawsuit brought by the family of a Florida woman who died after eight surgeries in just over a month in 2005. Betty Jean Plato, 76, arrived with stomach...
Allstate Back in Business, Fla. Court of Appeals Grants Stay
Jan 18 2008 // Allstate and Allstate Floridian are pleased with the Florida First District Court of Appeal’s decision to grant an immediate stay from the Florida Office of Insurance Regulation’s order to cease writing new...
Fla. Halts Allstate from Writing New Business in All Lines; Insurer Appeals
Jan 18 2008 // The Florida Office of Insurance Regulation issued a final order immediately suspending Allstate Insurance Co. and its subsidiaries from writing any new business in all lines of insurance in Florida – including auto...
S&P: Allstate’s Ratings Unaffected by Florida Suspension
Jan 17 2008 // Standard & Poor’s Ratings Services said today that news reports (See IJ web site) about the suspension issued to Allstate Corp. (ALL) by the Florida Insurance Commissioner that prohibit some of the companies...
Fla. Insurance Commissioner Says Allstate Uncooperative, Stops Hearing
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty abruptly halted the scheduled two-day hearing Tuesday into Allstate Companies’ reinsurance program, their relationships to risk modeling companies, insurance rating...
Florida Blocks Allstate Insurance from Writing New Business in State
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty suspended the certificate of authority of Allstate Companies to write new property insurance in Florida until the company fully complies with the subpoenas served Oct. 16 by his...
Fla. Senate ‘Invites’ 5 Insurance Co. Execs to Provide Sworn Testimony
Jan 16 2008 // The Florida Senate Select Committee on Property Insurance Accountability sent letters to five property and casualty insurance company executives Tuesday requesting their presence in Tallahassee on Feb. 4 and Feb. 5 to...
