Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
People
Dec 23 2007 // Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC...
Florida’s Gamble
Dec 23 2007 // It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in January passed legislation they hoped would lower Floridians’ skyrocketing property...
Florida PIP Vacation
Dec 23 2007 // Florida drivers were given a short recess from having to buy their own personal injury protection coverage as the state let its no-fault car insurance law expire on Oct. 1. But lawmakers then stepped in and decided to...
Nonstop Building on Coast Adding to Florida’s Existing Insurance Risk
Dec 23 2007 // The nonstop coastal building across Florida has pushed the insurance risk in the state to nearly $2 trillion, keeping it the diciest place in the world for insurers, according to the insurance industry. Gov. Charlie Crist...
Fla. Gov. Asks Lawyers to Review Suing Property Insurers over Rates
Dec 21 2007 // Gov. Charlie Crist said Wednesday he wants three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as...
Reinsurance Rule Change Planned to Increase Competition in Florida
Dec 20 2007 // Florida Gov. Charlie Crist and the state Cabinet preliminarily approved a rule change that would lift a competitive disadvantage faced by foreign companies selling backup coverage to property insurers. Insurance companies...
Fla. Insurers Remind Drivers of Personal Injury Protection Law’s Return
Dec 19 2007 // Auto insurers in Florida are reminding drivers that Florida law will once again require drivers to carry personal injury protection insurance effective Jan. 1, 2008. Companies are sending notices to policyholders informing...
Disaster Think Tank Coming to Florida Institute of Technology
Dec 17 2007 // Developing techniques for responding to hurricanes, tornadoes and other disasters will be the focus of a new think tank at the Florida Institute of Technology. Public and private agencies that met last week at a national...
La. and Fla. Governors to Work Jointly on Insurance, Other Issues
Dec 14 2007 // Florida Gov. Charlie Crist and Gov.-elect Bobby Jindal met in Baton Rouge, La., on Dec. 12 as new allies on issues like insurance, ethics, the environment and alternative energy. Crist, who has made insurance and...
Miss. Katrina Lawyer’s Contempt Case Reassigned to Florida Judge
Dec 14 2007 // The criminal contempt case of Mississippi trial lawyer Richard Scruggs was reassigned to a Florida judge Wednesday because 16 federal judges in north Alabama recused themselves from the case. C. Roger Vinson, Northern...
Fla. Home Mitigation Program Grants Won’t Be Taxed as Income
Dec 14 2007 // Grants awarded to Florida homeowners through the My Safe Florida Home program will not be reported as taxable income to the federal government. Florida CFO Alex Sink made the announcement after receiving a Letter Ruling...
Fla. Insurance Consumer Advocate Now to Head Investment Fund
Dec 13 2007 // Florida chose an interim director for the agency that invests local government money, hoping to restore confidence in a state fund that saw nearly half its assets withdrawn by investors panicking over mortgage-backed...
Lloyd’s Comments on Florida Changing Reinsurance Collateral Rules
Dec 12 2007 // Lloyd’s Director & General Counsel Sean McGovern, called Florida’s decision to explore making changes in the collateral insurance requirements for foreign, or “alien,” reinsurers, such as...
RMS Estimates High Level of Hurricane Activity for 2008-2012
Dec 7 2007 // Risk Management Solutions has confirmed its modeled hurricane activity rates for 2008 to 2012, following “an elicitation with a group of the world’s leading hurricane researchers.” The forecast concludes...
RiskMeter Adds Florida Wildfire Report to Natural Hazard Report Service
Dec 5 2007 // Online hazard mapping firm, CDS Business Mapping LLC., added a Florida Wildfire report to its RiskMeter Online natural hazard risk report service. By typing in an address, RiskMeter’s wildfire report will return a...
J.Rolfe Davis Insurance CEO Appointed to Fla. Council of 100
Dec 4 2007 // Florida Gov. Charlie Crist approved the nomination of F. David McKinney, chairman and CEO of J. Rolfe Davis Insurance, to The Florida Council of 100. McKinney joined J. Rolfe Davis Insurance in 1974. He received his B.S....
Florida Adopts Program to Improve Handling of Insurer Failures
Dec 4 2007 // Florida is the first state to implement a program that officials say will improve services and save money in the administration of insurance company receiverships, according to the state’s Chief Financial Officer...
Fla. Insurance Regulator Names New Property And Casualty Director
Dec 4 2007 // Florida Insurance Commissioner Kevin McCarty promoted Robin Westcott to director of property and casualty financial oversight with the Office of Insurance Regulation effective Nov. 28. Westcott will report to Deputy...
Runaway Coastline Building Adding To Florida’s Existing Insurance Risk
Dec 3 2007 // The nonstop coastal building across Florida has pushed the insurance risk in the state to nearly $2 trillion, keeping it the diciest place in the world for insurers, an industry analyst said. Gov. Charlie Crist has...
Fla. Malpractice Insurance Rates Down Four Years After Limits Imposed
Dec 2 2007 // Four years ago, many Florida doctors threatened to quit their practices because their malpractice insurance premiums were spiraling out of control. Some doctors retired early, some moved out of state. A few briefly walked...
