Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
3 Convicted in Florida Workers’ Compensation Scheme
Feb 19 2008 // Three Florida business owners have been convicted in Jacksonville in a workers compensation scheme. Authorities say all three face life in prison and fines totaling $17 million. They’ve been identified as 54-year-old...
Fla. Sen. Committee Wants Allstate’s Internal Documents
Feb 18 2008 // A special Senate committee asked Allstate Insurance company executives to provide them more documents within two weeks in a letter mailed last week to the insurance giant’s chairman. Sen. Steven Geller, a Cooper City...
Florida Office of Insurance Regulation Announces Staff Changes
Feb 11 2008 // Florida Insurance Commissioner Kevin McCarty announced three staff changes at the Florida Office of Insurance Regulation. McCarty appointed Rebecca McCarley deputy chief of staff; promoted Chris Bailey to acting director...
3-day Dragnet in Florida Nets 47
Feb 10 2008 // Officials arrested 47 Floridians so far in a statewide, three-day operation, targeting 84 individuals for various insurance fraud charges, according to Florida Chief Financial Officer Alex Sink. The arrests, which took...
Declarations
Feb 10 2008 // Florida Sweep “While I understand the current challenge to find resources in this year’s budget, I am concerned about the recommendation to sweep $129.5 million from the Workers’ Compensation...
It’s Time to Undo Florida’s Property Insurance ‘Reforms’
Feb 10 2008 // A year has passed since Gov. Charlie Crist and a nearly unanimous Legislature hailed the arrival of a new era for Florida’s property insurance system. They promised lower rates, greater availability of insurance, and...
Florida Eyes Reduction in Collateral Requirement for Some Reinsurers
Feb 10 2008 // Gov. Crist and state officials suggest the change would free up more capacity but others question that theory Insurance trade organizations believe a move by Florida Gov. Charlie Crist to reduce collateral requirements for...
AIG Reaches $12.5M Settlment With States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group, Inc. (AIG) has reached settlements with Florida, West Virginia, seven other states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group Inc. (AIG) confirmed in late January that it reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing, and...
AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations
Feb 10 2008 // American International Group Inc. (AIG) confirmed in late January that it had reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and...
Fla. Lawmakers Schedule More Hearings on Property Insurance Rates
Feb 8 2008 // After two more days of grueling questions to Florida state regulators and insurance company executives, a special Senate panel wrapped up its business Tuesday as confused as when it began. In fact, the Select Committee on...
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...
