Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
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...
Allstate Responds to Fla. Insurance Commissioner’s Regulatory Actions
Jan 16 2008 // In a written statement responding to the Florida Insurance Commissioner suspending Allstate’s certificate of authority Wednesday, the insurer said it is committed to working diligently with the Office of Insurance...
Fla. Regulator Vows Enforcement of 2007 Law, Insurers Weigh In
Jan 15 2008 // Florida’s requiring that insurance company executives testify publicly about why their property insurance rates have not gone down proves the state is serious about its efforts to make property insurance available...
Fla. Gov. Crist Weighs Suing Property Insurers Over Rates
Jan 13 2008 // Gov. Charlie Crist has asked 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 required by...
Declarations
Jan 13 2008 // Frankel-y Speaking “I consider the role the Mississippi Insurance Department has played in bringing Mr. Frankel and his co-conspirators to justice to be one of the finest accomplishments during my time in...
Travelers Settles With States Over brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Travelers Settles With States Over Brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys...
