Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Fla. ‘No-Fault’ to Sunset, CFO Urges Legislators to Act
Sep 18 2007 // Florida Chief Financial Officer Alex Sink sent a letter to Gov. Charlie Crist, Senate President Ken Pruitt, House Speaker Marco Rubio and other legislative leaders urging legislative action to either reform Florida’s...
Fla. Denies Rate Increases for Hartford Insurance Companies
Sep 14 2007 // Florida Insurance Commissioner Kevin McCarty denied eight rate filings submitted by insurance companies of The Hartford Financial Services Group. The filings submitted were not actuarially justified and lacked supporting...
New Fla. Special Session Called, Auto No-Fault to Expire as Planned
Sep 14 2007 // The Florida Legislature called a special session to address reduction of state spending. The session, set to begin Oct. 3 and run through Oct. 12 was previously scheduled to begin Sept. 18, but was postponed. In the...
Alabama, Florida Officials Share Costs on Hurricane Evacuation Route
Sep 12 2007 // Alabama and Florida officials started a jointly funded project this week that will provide a four-lane hurricane evacuation route from the Florida Panhandle to Interstate 65 in Alabama. It’s a rare case in which a...
Demotech Summit: Fla.’s Private Sector Strives to be Heard Amid Political Rate Storm
Sep 10 2007 // Exclusive Video Florida’s Political Hurricane: It’s All About Rates Florida’s property insurance industry is in the middle of the hurricane season — the political hurricane season. The state’s...
Fla. Home Mitigation Program Saves Average $154 Yearly for Particpants
Sep 7 2007 // Florida Chief Financial Officer Alex Sink announced today that 74.5 percent of homeowners who have received a free wind inspection through the My Safe Florida Home (MSFH) program are eligible for significant savings on...
Fla. CFO to Visit U.K. to Discuss Climate Effects on Insurance
Sep 7 2007 // Keith Allan, Her Majesty’s Consul General of Miami, invited Florida Chief Financial Officer Alex Sink to meet with British leaders in London in early November. Sink will meet with experts at the London School of...
Fla. Special Session Postponed, Insurers Agree on Level of Confusion
Sep 7 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...
FARA Appoints Higley VP, Sales
Sep 6 2007 // FARA, based in Mandeville, La., announced the appointment of Todd Higley as vice president of sales and marketing. In this position, Higley is responsible for nationwide business development with an emphasis on...
Fla. yanks teachers’ liability plan
Sep 3 2007 // Florida’s public school teachers are returning to their classrooms this month with one less protection from the state. Since 2001, Florida has provided all public school educators with professional liability...
Olympus starts writing Florida homeowners
Sep 3 2007 // In its application for certificate of authority filed with the Florida Office of Insurance Regulation, Orlando-based Olympus Insurance Co. disclosed $50 million in start-up capital. The OIR issued a certificate of...
Florida home insurers, politicians at odds over rate filings
Sep 3 2007 // About seven months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums. It hasn’t quite turned out that way. State officials had promised rates would drop about 25 percent on...
Business Moves
Sep 3 2007 // Citi, BISYS Citi completed its previously announced acquisition of The BISYS Group Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction BISYS shareholders will receive merger consideration of...
News Currents
Sep 3 2007 // Fla. yanks teachers’ liability plan Florida’s public school teachers are returning to their classrooms this month with one less protection from the state. Since 2001, Florida has provided all public school...
8 Florida insurers, politicians at
Sep 3 2007 // odds over rate filings Insurers not delivering rate cuts that politicians promised 8 Southern governors battered by coastal insurance issues Frustrated with lack of private market 10 Liberty Mutual and Ohio...
News Currents
Sep 3 2007 // Florida home insurers, politicians at odds over rate filings About seven months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums. It hasn’t quite turned out that way. State...
Florida Woman Charged with Selling Fake Insurance Cards
Aug 31 2007 // Florida Division of Insurance Fraud officials arrested a Tampa woman who allegedly sold fraudulent automobile coverage insurance cards. Margaret Stillings, 49, who was doing business at 4170 E. Hillsborough Ave., was...
Nationwide Dropping 40,000 Policies in Florida
Aug 30 2007 // Nationwide Insurance said this week it will reduce its catastrophe exposure in Florida by dropping more than 40,000 homeowner and commercial property policies. Nationwide will not renew about 39,000 homeowner policies and...
NCCI Proposes Reduction for Workers Compensation Rates in Florida
Aug 29 2007 // Driven by significant declines in claim frequency and improvement in loss development (i.e., claims are developing to a lower ultimate value) the National Council on Compensation Insurance is proposing that Florida...
Florida’s Catastrophe Fund Bond Sale Delayed
Aug 27 2007 // The board that invests state money is delaying a bond issue meant to shore up Florida’s backup Hurricane Catastrophe Fund, waiting until financial markets stabilize before completing the bond sale. The state Board of...
