Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
North Point Holdings Acquires Home Pointe Insurance for $15.3 Million
Oct 23 2007 // Mich.-based North Pointe Holdings Corp. announced Monday that it has signed an agreement for the sale of its Home Pointe Insurance Co. subsidiary, which comprises North Pointe’s Florida homeowners and dwelling fire...
Florida Property Owners Asked to Vacate Homes Built on Bomb Range
Oct 18 2007 // Some in an Orlando-area neighborhood are being asked to leave their homes as crews search for explosives. The homes and a middle school were built on a former Army bombing range. No one knew until July, when the Army Corps...
Bottom Line: Allstate’s Aggressive Personal Lines Strategy Paying Off
Oct 17 2007 // When a series of killer hurricanes walloped the Gulf Coast in 2005, costing Allstate Corp. a record quarterly loss of $1.55 billion, the company tried to make sure its bottom line would never be hit so hard again. The...
6 Florida Contractors Cited for Workers’ Comp Violations
Oct 16 2007 // Investigators from the Florida Department of Financial Services, Bureau of Workers’ Compensation Compliance report that they issued six stop work orders during a surprise enforcement sweep last week. Enforcement...
Florida Subpoenas Allstate Over Home Insurance Rate Increases, Industry Ties
Oct 16 2007 // Florida officials have subpoenaed Allstate Insurance and its subsidiaries to get the insurer to explain why it is not lowering homeowners insurance rates in the state and to defend its dealings with the industry’s...
Fla. Judge Rules in Favor of Insurance Regulators on Subpoena Challenge
Oct 15 2007 // A Leon County Circuit Court Judge has dismissed petitions filed by the Cincinnati Insurance Co. and the Cincinnati Indemnity Co., according to The Florida Office of Insurance Regulation. In the petitions, the companies...
Florida’s Brightway Insurance Names New Territory Owner
Oct 15 2007 // Brightway Insurance’s plan to have 150 offices in Florida by 2010 continued today as the company named Blake Hayward territory owner. Hayward, currently an associate agency owner of the Tallahassee office, will...
Mich. House Passes ‘Opt Out’ Option for State’s Helmet Law
Oct 12 2007 // The Michigan State House passed legislation on Thursday, Oct. 11th that would enable motorcyclists to ride without their helmets on Michigan roads. The newest proposal includes an “opt-out” solution. Michigan...
Fla. Gov. Crist Signs Bill to Bring Back No-Fault Auto Insurance
Oct 11 2007 // Governor Charlie Crist signed legislation that will re-enact Florida’s Motor Vehicle No-Fault Law and ensure that drivers have $10,000 worth of health care benefits through personal injury protection or PIP coverage...
Fla. Official Proposes CAT Fund Reform, Reinsurers Respond Positively
Oct 10 2007 // Florida Chief Financial Officer Alex Sink presented a proposal that would give the state the ability to set both the reinsurance levels and pricing of the Cat Fund’s optional coverages, giving greater flexibility and...
Fla. Insurance Regulators Deny USAA Rate Hike, Cancel Hearing
Oct 9 2007 // The Florida Office of Insurance Regulation disapproved a rate increase filing submitted by United Services Automobile Association, USAA Casualty Insurance Co. and USAA General Indemnity Co. As a result of the disapproval,...
Home Insurance Buyers Guide Launches Web site for Florida
Oct 9 2007 // Home Insurance Buyers Guide LLC launched a searchable database where homeowners can find private insurance companies still writing new homeowner insurance business in Florida. The launch of the Web site at...
Fla. high court affirms insurers need pay for covered perils only
Oct 8 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. high court affirms insurers need pay for covered perils only
Oct 8 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...
Florida Legislature Passes No-Fault Car Insurance for Jan. 1 Return
Oct 6 2007 // Florida drivers, you may want to be a little more careful than usual for the rest of the year. Despite the fact that it caused a lot of late nights and tension for lawmakers and lobbyists this month, most people in Florida...
Florida Couple Accept Settlement in Lawsuit Against State Farm
Oct 6 2007 // A lawsuit in a Mississippi court over Hurricane Katrina damage ended last week with a settlement between the insurance company and the Florida couple. It was the first Katrina-related insurance case to be brought in a...
Fla. Gov., CFO Praise Legislators’ Work on Reforming No-Fault Law
Oct 5 2007 // After months of negotiations, the Florida Senate and House of Representatives today passed legislation to reform Florida’s 30-year-old Motor Vehicle No-Fault Law. Florida’s Chief Financial Officer Alex Sink...
Fla. Insurance Trade Group Names New Officers
Oct 4 2007 // Effective Oct. 1, Phil Zelman will lead the Professional Insurance Agents of Florida as president. Zelman is the vice president and co-owner of NCF Insurance Associates in Coral Gables and has been an independent agent for...
Fla. Governor: Some Insurance Rate Filings Will Likely be Rejected
Oct 4 2007 // Despite a Florida law passed in January that officials promised would lower property insurance rates, many companies this week have requested to raise rates. Gov. Charlie Crist said, however, that insurance regulators...
For Small Fla. Insurer, Sunshine State Brings Storm Clouds
Oct 3 2007 // From “Happy Days” to “The Perfect Storm” is how one Florida insurance executive describes her state’s turbulent and defining years between 2003 and 2007 – and she isn’t talking...
