Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Fla. Insurance Commissioner Supports National Catastrophe Plan
Sep 25 2007 // Florida Insurance Commissioner Kevin McCarty touted the need for a comprehensive national plan, and a national catastrophe fund at the National Association of Insurance Commissioners’ (NAIC) Southeast Zone meeting in...
Reinsurance was easier to find and cheaper in 2007
Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it.In 2007, it was a different story. According to Jack Mangiante, senior vice president...
Cincinnati Insurance Says it’s Under Investigation in Florida
Sep 24 2007 // Cincinnati Financial Corp. told shareholders that two property insurance companies it controls are under investigation by Florida officials looking into whether insurers are complying with a new law requiring rate...
Catastrophes: There is no free lunch
Sep 24 2007 // Any study that implies consumers and taxpayers have thousands of years to realize savings is immediately suspect. Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have...
The summer summit
Sep 24 2007 // As Brian Kern reports in this issue, times are tough for the property insurance industry in Florida these days, particularly in Tallahassee. “I feel like when talking to public officials these days that I really have...
Agents must tell Fla. citizens of pros and cons of Citizens
Sep 24 2007 // As Florida insurance agents adjust to serious competition from the public sector, the Florida Association of Independent Agents has established a new staff position to act as a liaison between agents and state-backed...
Florida’s private insurers try to be heard amid political storm
Sep 24 2007 // Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s politicians promised homeowners their insurance premiums would go down after...
Declarations
Sep 24 2007 // Alabama ceiling “It’s horrible. Rates have gone through the ceiling.” — Fort Morgan, Ala., builder Greg Miller who said he paid $22,000 in coverage on four condo units before Katrina and now pays...
A small private Fla. insurer faces Citizens and the ‘perfect storm’
Sep 24 2007 // From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s defining years between 2003 and 2007 — and she isn’t talking just about the...
Reinsurance was easier to find and cheaper in 2007
Sep 24 2007 // What a difference a year makes. Florida insurers had to look high and low for reinsurance in 2006, and pay dearly if they could find it. In 2007, it was a different story. According to Jack Mangiante, senior vice president...
Figures
Sep 24 2007 // $10.3 million The verdict handed down by a Florida jury in agreeing with a widow that an emergency room doctor’s negligence caused her husband’s premature death. Nadine Raphael said Dr. James Shecter did not...
Agents must tell Fla. citizens of pros and cons of Citizens
Sep 24 2007 // As Florida insurance agents adjust to serious competition from the public sector, the Florida Association of Independent Agents has established a new staff position to act as a liaison between agents and state-backed...
Declarations
Sep 24 2007 // Declarations Alabama ceiling “It’s horrible. Rates have gone through the ceiling.” — Fort Morgan, Ala., builder Greg Miller who said he paid $22,000 in coverage on four condo units before Katrina...
Florida’s private insurers try to be heard amid political storm
Sep 24 2007 // Protesters gathered on the steps of the old Florida Capitol to protest the high cost of property insurance rates in January in Tallahassee. The Legislature was in special session to pass homeowners insurance legislation....
Business Moves
Sep 24 2007 // Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech...
Editor’s Note: The summer summit
Sep 24 2007 // Some in the industry believe that the industry talks too much to itself and not enough to outsiders. Well, it could just be that it doesn’t do enough of either. As Brian Kern reports in this issue, times are tough...
Florida’s no-fault law set to expire Oct. 1
Sep 24 2007 // A three-week Florida special legislative session scheduled to begin Sept. 18 has been postponed, meaning lawmakers will probably not act to halt the Oct. 1 expiration of a key no-fault auto insurance law. The session was...
Fla. House, Senate Close in on Pact to Extend No-Fault Car Insurance
Sep 24 2007 // Florida legislators reached a general agreement to extend the state’s no-fault car insurance law rather than letting it expire as scheduled on Oct. 1, key members of both chambers said. The requirement that Florida...
Fla. High Court Affirms Policies Cover Only Losses from Covered Perils
Sep 21 2007 // Florida’s valued policy law means property insurance companies are only responsible for actual damages caused by perils that are specifically cited in the policy, the Florida Supreme Court has affirmed in a key...
Fla. Insurance Agent Arrested for Allegedly Victimizing Dozens
Sep 19 2007 // Florida Chief Financial Officer Alex Sink announced the arrest of a former insurance agent who allegedly pocketed tens of thousands of dollars in premiums and left dozens of homeowners in Pasco, Hernando and Hillsborough...
