Latest Florida Headlines

Insurers defend use of education, job criteria in rating in Florida

Feb 26 2007 // Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to predict...

It Figures

Feb 26 2007 // $520,000 The amount Citizens Property Insurance Corp. paid out in claims payments to policyholders affected by the Feb. 2 tornadoes in the first few days, according to the company. Tim Loftin, senior vice president of...

New Markets

Feb 25 2007 // Banking Engagement Insurance Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), announced the launch of its Investment...

News Currents

Feb 25 2007 // Miss. AG Hood picks fight with State Farm over pullback Mississippi Attorney General Jim Hood said he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial...

Figures

Feb 25 2007 // $520,000 The amount Citizens Property Insurance Corp. paid out in claims payments to policyholders affected by the Feb. 2 tornadoes in the first few days, according to the company. Tim Loftin, senior vice president of...

Insurers defend use of education, job criteria in rating in Florida

Feb 25 2007 // News Currents Insurers are defending the factors they use in pricing auto insurance, including the occupation and education levels of insureds, arguing that the criteria have been actuarially tested for their ability to...

Feb 25 2007 // People The Property Casualty Insurers Association of America named Cliston Brown as the organization’s director of federal public affairs. Brown comes to PCI after three years with the Independent Insurance Agents...

Multi-State Natural Disaster Insurance Plan Gets Cool Reception

Feb 22 2007 // Insurance officials in Florida, where a spate of hurricanes have set the industry into turmoil, pitched the idea recently of multistate insurance pools for natural disasters to their colleagues from across the...

Miss. Gov. Barbour Rejects Hood’s Call to Block State Farm

Feb 20 2007 // Mississippi Attorney General Jim Hood said he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state. Hood’s...

Fla. Insurers Advised on Filing Discounted Rates Required by Law

Feb 20 2007 // Florida Insurance Commissioner Kevin McCarty signed an order advising residential insurers to make rate filings to include the new discount factor mandated by legislation passed during the recent special session. The new...

Commissioner Dale Doubts Florida-Like Law is Answer in Mississippi

Feb 20 2007 // Mississippi Commissioner of Insurance George Dale said he welcomes any solutions to ensure all Mississippians have available a stable, affordable and viable insurance market. But Dale appeared to distance himself from...

Winter Park, Fla. Agency Merges with Beecher Carlson

Feb 16 2007 // Privately-held insurance agency T.R. Jones & Co., along with its affiliate, Kraft Insurance Agency of Winter Park, Fla., have merged with Atlanta-based insurance broker Beecher Carlson. The transaction expands Beecher...

Fla. CFO Names Milligan as Insurance Consumer Advocate

Feb 15 2007 // Retired Marine Corps General and former Comptroller Bob Milligan will formally assume his new role as Florida’s Insurance Consumer Advocate effective March 6. . Chief Financial Officer Alex Sink made the...

Florida Insurers Fight Emergency Rule

Feb 14 2007 // Insurance companies are seeking to invalidate an emergency rule adopted last month by the Florida Financial Services Commission that restricts their right to price and drop homeowners policies. The rule, 690ER07-01,...

Auto-Owners Stops Writing New Business in Florida

Feb 14 2007 // Auto-Owners Insurance has decided to discontinue writing new policies in Florida. The company said the decision is in response to recent Florida legislation created during a special legislative session on insurance costs...

Fla.’s Older Mobile Homes Vulnerable in Fierce Winds

Feb 13 2007 // It became clear as workers dug through rubble and collected the dead: All 20 victims of the tornadoes that tore through central Florida last week had lived in mobile homes. Some are now urging the U.S. state to spend more...

York Claims Svc. Announces Accreditation to Teach Claims Adjusting in Florida, New Jersey, California and Texas

Feb 13 2007 // Parsippany, NJ: York Claims Service a subsidiary of York Insurance Services Group, Inc. (“York” or “the Company”), a leading insurance services provider, announced today its approval as a claims...

It Figures

Feb 12 2007 // 122 The number of levees nationwide that are at risk for failing, according to the Army Corps of Engineers. Twenty-seven states, the District of Columbia and Puerto Rico had threatened levees, but only two had more than a...

Fla. pols to lobby Washington for national catastrophe fund

Feb 12 2007 // After the Florida Legislature passed a bill that lawmakers say will address the state’s insurance problems, Gov. Charlie Crist and legislative leaders said their attention will be on pushing for a national...

Florida insurers in freeze until June

Feb 12 2007 // Florida Gov. Charlie Crist convinced Cabinet members to approve a rule that will prevent property insurers from canceling Florida policies for much of the rest of this year. The emergency rule will freeze insurance rates...