Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Fla. Officials Arrest Several on Insurance Fraud Schemes
Aug 21 2007 // Florida officials arrested eight individuals accused of various insurance fraud schemes including auto body damage, Personal Injury Protection, and hurricane claim fraud. Two of the arrested persons face up to 55 years in...
PURE to Include Coverage for Eligible Condominiums in Florida
Aug 16 2007 // Martin Hartley, executive vice president and chief operating officer with Privilege Underwriters Reciprocal Exchange (PURE), announced the company will expand its homeowners insurance program, including windstorm coverage,...
Best Downgrades Nationwide (Florida) Ratings to ‘B’ – Negative Outlook
Aug 15 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B-” (Fair) from “B” (Fair) and the issuer credit rating (ICR) to “bb-” from “bb” of Nationwide Insurance...
U. of Fla. Researchers Halt Hurricane with Flick of Switch
Aug 15 2007 // Roaring winds top 100 mph and rains fall in heavy sheets, but Forrest Masters can stop the storm at the flick of a switch with his newly completed hurricane simulator. Masters and a group of University of Florida in...
Fla. Office of Insurance Regulation Denies Rate Filings
Aug 15 2007 // This week, the Florida Office of Insurance Regulation denied the rate requests of three companies for not substantially lowering their property insurance rates pursuant to legislation adopted earlier this...
Florida Town Bans Cowboy Boots for Police Officers after Crash
Aug 13 2007 // A Florida police officer who crashed his car into a convenience store when his cowboy boot slipped off the brake said he was embarrassed and not opposed to a new department ban on the smooth-soled footwear. “They had...
Olympus Insurance Begins Writing Homeowners Policies in Florida
Aug 13 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...
Fla. Legislature Yanks Teachers’ Liability Insurance Program
Aug 10 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...
Low Lake Okeechobee Levels Threaten Fla. Farmers
Aug 9 2007 // Farmers around Lake Okeechobee will face serious financial difficulties if officials can’t figure out a way to get its water level up, state Agriculture Commissioner Charles Bronson said Tuesday. He said the drought...
New Insurance Fraud Director Installed in Florida
Aug 8 2007 // A 30-year law enforcement veteran will run Florida’s Department of Financial Services Division of Insurance Fraud – a statewide agency that investigates fraud in all lines of insurance. Vicki Cutcliffe most...
It Figures
Aug 6 2007 // $5 billion The amount Florida officials said they are considering borrowing to make sure the Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane. 50,000 The number of...
Putting Florida’s rate filing and reinsurance controversy in context
Aug 6 2007 // Currently underway in Florida is a controversy over the amount of private reinsurance homeowners insurers should purchase in addition to the now expanded $28 billion in reinsurance available from the Florida Hurricane...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
More Fla. mobile home owners skipping insurance
Aug 6 2007 // More than half of Florida’s 800,000 mobile homes are no longer covered by homeowner’s insurance — another sign of the state’s soaring insurance costs. The number of insured Florida mobile homes...
Figures
Aug 6 2007 // $5 billion The amount Florida officials said they are considering borrowing to make sure the Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane. 50,000 The number of...
Putting Florida’s rate filing and reinsurance controversy in context
Aug 6 2007 // Currently underway in Florida is a controversy over the amount of private reinsurance homeowners insurers should purchase in addition to the now expanded $28 billion in reinsurance available from the Florida Hurricane...
Commercial Lines Leaders
Aug 6 2007 // About the Commercial Lines Leaders: The Commercial Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property Casualty Independent Agencies as reported in April. This list utilizes only...
Commercial lines insights of top agencies
Aug 6 2007 // While much of the talk about the current commercial and professional lines market turns to insurers lowering their prices, the soft market is requiring agents to raise their agencies’ level of attention paid to...
Disaster Response Legislation Signed in Florida
Aug 2 2007 // Gov. Charlie Crist ceremonially signed two bills Wednesday to provide aid to Floridians preparing for and recovering from natural disasters. Senate Bill 2482 – relating to tax administration provides $1.2 million in...
Fla. Gov.Suggests Property Insurers not Following Rate Savings Law
Aug 2 2007 // Gov. Charlie Crist suggested Tuesday that some property insurers may be deliberately flouting a new state law that requires them to buy cheaper reinsurance and pass the savings on to consumers. Crist said he was concerned...
