Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Zurich, 9 States Settle Bid-Rigging Case for $171 Million
Mar 19 2006 // Texas Attorney General Greg Abbott reported that Texas and eight other states have reached a $171 million settlement with Zurich American Insurance Co. relating to bid-rigging and price-fixing in the commercial insurance...
Florida auto no-fault claim costs hit double-digits
Mar 19 2006 // Seventy-one percent of PIP claimants had no disability resulting from their injuries in 2005, compared with 67 percent in 2002 and 66 percent in 1997. Florida personal injury protection claim costs (claimed economic losses...
News Currents
Mar 19 2006 // Property issues to dominate Florida Legislature Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance...
People
Mar 19 2006 // Seven Main Street America Group employees were inducted March 9 in Jacksonville, Fla. into the Circle of Excellence, an annual employee recognition program established in 1985. The winners were selected for their 2005...
Fla. Insurance Council to push mitigation efforts
Mar 19 2006 // FIC supports efforts to strengthen the Florida Uniform Statewide Building Code by requiring shutters, impact-resistant glass or other opening protections on all new construction where winds of 120 miles or greater have...
Editor’s Note: 72 days and counting until
Mar 19 2006 // Legislators are meeting across the Southeast to discuss a wide variety of insurance issues: Proposals in Florida would designate hurricane tax revenue to help pay for hurricane repairs; there are a dozen proposals in...
Hearings Slated: Fla. Rule Would Prohibit Basing Premiums on Travel
Mar 16 2006 // The Florida Cabinet gave its approval today for the Office of Insurance Regulation to conduct a public hearing to allow public input for a rule prohibiting discrimination by life insurers based on a person’s past or...
Sirius Intl. Withdraws Application to do Business in Florida
Mar 16 2006 // Sirius International Insurance Corp. has agreed to withdraw an application it submitted to the Florida Office of Insurance Regulation for approval to do business in Florida as an eligible surplus lines insurer. The action...
Fla. Forum Topic: Disappearing Markets, Looming Hurricanes
Mar 14 2006 // Challenges like disappearing markets, looming hurricanes and the quest to add more to the bottom line will all be addressed during a Professional Insurance Agents of Florida Member Forum on May 12 in Orlando at the Caribe...
Florida AG Files Bid-Rigging Action Against Marsh & McLennan
Mar 14 2006 // Florida Attorney General Charlie Crist has filed a civil complaint against Marsh & McLennan Companies Inc., alleging that the company illegally manipulated insurance markets to obtain improper commissions and engaged...
Stronger Building Codes Called for in Florida Panhandle
Mar 10 2006 // Residents in Florida’s Panhandle will remain vulnerable to the destructive forces of hurricanes until lawmakers stand up to irresponsible special interests that have worked to keep much of Northwest Florida exempt...
Poe Financial Group Cancels New, Renewed Fla. Homeowners, Commercial Policies
Mar 9 2006 // Florida agents have been notified by Poe Financial Group that thousands of policyholders with its Southern Family Insurance Company will no longer be able to renew or insure new homeowner or commercial lines business. The...
Fla. Sen. Fasano Supports Gallagher’s Rate Relief Plan
Mar 7 2006 // Florida Senator Mike Fasano, R-Dist. 11, has added his name to the growing list of legislators who support Tom Gallagher’s plan to use tax revenue derived from hurricane reconstruction costs for immediate insurance...
FLA. CFO WANTS TO EXPEDITE PAYMENTS
Mar 6 2006 // New legislation to expedite the rebuilding process for hurricane victims has been suggested to the Florida Legislature by Tom Gallagher, the state’s CFO. The measure would ensure homeowners receive insurance money...
People and Places
Mar 6 2006 // Bill Anderson has been promoted to senior vice president of insurance operations and Sharon Petrell, assistant vice president of marketing and integrated solutions of the Main Street America Group in Jacksonville,...
Fort Myers Inn to Pay $16,000 to Settle Wilma Fleecing Claims
Mar 6 2006 // Attorney General Charlie Crist has announced that his office has reached an agreement with a Lee County hotel resolving the first price-gouging case filed by the Attorney General’s Office related to Hurricane Wilma....
Fla. Congressman Files Catastrophe Savings Account Legislation
Mar 6 2006 // Legislation to create Catastrophe Savings Accounts to give Florida homeowners the opportunity to put aside tax-free money to financially prepare for major catastrophes has been filed by Congressman Tom Feeney from Orlando,...
Insurers discuss top issues with Fla. legislators
Mar 6 2006 // In preparation for March sessions of the Florida Legislature, the Property Casualty Insurers Association of America hosted its first annual Legislative Conference, which brought insurance industry executives to...
Windstorm panelists: Carriers hesitant to write policies in Florida
Mar 6 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies. Bill Bailey, director of the Hurricane Insurance Information Center,...
Rayborn outlines Florida insurance agency requirements to Latin Association
Mar 6 2006 // The requirements for Florida insurance agencies to be licensed by the state before Oct. 1, with fines of up to $10,000 for not licensing, were discussed in a presentation “Agency Licensing, Are You Prepared? That is...
