Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Auto No-Fault Claim Costs Climb as Injury Seriousness Declines
Mar 3 2006 // Florida personal injury protection (PIP) claim costs (claimed economic losses and actual claim payments) increased at double-digit rates between 2002 and 2005, far outpacing the rate of inflation, according to a new...
Legislative Issues to be Discussed at Florida Big ‘I’ FAIA ‘Fly-In’
Mar 2 2006 // Legislation issues affecting insurance agents will be discussed by guest speaker Rep. Dennis A. Ross, D-Lakeland, and other industry leaders during the Annual Legislative “Fly-In” being held March 29 to 30 by...
A.M. Best Gives FFVA Mutual an ‘A’
Feb 28 2006 // FFVA Mutual Insurance Company of Maitland, Fla. has been awarded an A rating (Excellent) from A.M. Best Company. It also received a “stable” outlook rating, indicating it is experiencing stable financial/market...
Fla. Insurance Council to Push Mitigation Efforts in Legislature
Feb 28 2006 // Having paid out more than $30 billion in claims over the past two hurricane seasons in Florida, the Florida Insurance Council will ask lawmakers this legislative session, to push mitigation efforts to combat the...
Broward County Woman Arrested for Double-Billing
Feb 27 2006 // A Broward County, Fla. woman, who attempted to collect twice on her hurricane claim, has been arrested following an investigation by detectives with the Florida Department of Financial Services’ Division of Insurance...
King’s Bay Insurance Services Adds Cratem as Sr. VP of Underwriting
Feb 24 2006 // Michael Cratem has joined Florida-based King’s Bay Insurance Services as senior vice president, Underwriting. In this position, he will be responsible for the underwriting function of this Florida licensed Managing...
Fla. AG, Tenet Reach Agreement on All State Issues
Feb 22 2006 // Tenet Healthcare Corporation has reached a broad agreement with Florida Attorney General Charlie Crist to resolve all matters involving Tenet that are currently being litigated or investigated by the Florida attorney...
Legislators to Examine National Mega-Cat Plan at Spring Meeting
Feb 21 2006 // At the National Conference of Insurance Legislators (NCOIL) Spring Meeting in Florida, Feb. 23 – 26 , state lawmakers from across the country will examine a draft mega-catastrophe program and, among other things,...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 20 2006 // As is obvious from a perusal of newspaper articles and legal journals, the devastating damage throughout the entire Gulf Coast Region from the recent hurricane season has raised numerous legal issues regarding insurance...
News Currents
Feb 19 2006 // As part of his proposal, Gallagher is asking the Legislature to earmark the increase in sales tax revenue collected during hurricane recovery to help offset assessments against homeowners. Florida CFO renews call for...
CPCU speaker describes what to watch out for with Certificates of Insurance
Feb 19 2006 // Certificates of Insurance: The Second Most Dangerous Piece of Paper,” including specifics about various insurance contract terms and provisions, and what to do and not to do with certificates of insurance were...
Personal Lines Update
Feb 19 2006 // Florida’s Standard Personal Lines Committee has recommended to the Florida Legislature that a task force with extensive insurance knowledge regarding the legalities of insurance contracts and actuarial support review...
What does a ‘Valued Policy’ cover in Louisiana and Mississippi?
Feb 19 2006 // In general, “Valued Policy” statutes require an insurer to ascertain the value of the property being insured at the time a policy is written and to pay that value to the insured when there is a total loss. As...
Sunshine State Insurance Co. Makes Several Promotions
Feb 17 2006 // Three veteran underwriting executives — Michael Solano, Robert Thomas, and Michael Weis — have been promoted to assistant vice president at Sunshine State Insurance Company (SSIC). Sunshine State is a writer of...
Bipartisan Proposal calls for Elected Commissioner in Fla.
Feb 16 2006 // Florida’s insurance regulator should have to answer directly to voters, several lawmakers said in proposing a constitutional change to return the job to an elected Cabinet post from an appointed one. While being...
Allstate Consent Order for Fla. Policyholders Could Trigger Refunds
Feb 16 2006 // A Consent Order between Allstate Floridian Indemnity Insurance Company, Allstate Floridian Insurance Company and the Florida Office of Insurance Regulation includes a provision that could trigger refunds for policyholders...
Windstorm Panelists: Carriers Hesitant to Write Fla. Policies
Feb 15 2006 // A panel of eight insurance experts agreed unanimously that carriers are closely scrutinizing Florida and are hesitant to renew homeowners policies during a panel moderated by Bill Bailey, director of the Hurricane...
Fla. Insurance Scam Victims to Receive $2.9 Million in Restitution
Feb 14 2006 // Two businessmen have been ordered to pay more than $2.9 million in consumer restitution to Floridians as part of their criminal sentences for their roles in an insurance scam, according to Florida Attorney General Charlie...
NAMIC Outlines Florida’s Initial No-Fault, Property Reform Bills
Feb 14 2006 // Although the start of the Florida Legislature is still three weeks away, lawmakers have released preliminary bill drafts on two major issues they will face during the upcoming legislative session: reenacting the...
Six Floridians Cheated GCs, Arrested in $15M Workers’ Comp Scam
Feb 13 2006 // A multimillion-dollar workers’ compensation scam that raked in its perpetrators more than $15 million has been cracked by state and local officials who have arrested six men in Boca Raton, Fla. and charged them with...
