Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
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...
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...
