Latest Florida Headlines

Lots of stability

Jan 1 2006 // When he is presented with a construction account at his office on Fifth Avenue in Manhattan, Rubin Alspector can quickly determine which insurers might write it. He knows his standard markets well enough to know that only...

Florida ‘draws a line in the sand,’ tightens workers’ comp enforcement

Jan 1 2006 // In October, 2003, when the Florida Legislature approved an updated workers’ compensation program, legislators “drew a line in the sand,” and decided to go after employers not paying their fair share into...

FLORIDA

Jan 1 2006 // The Florida Division of Insurance Fraud has released a list of arrests, convictions and ongoing investigations showing that 32 people have been arrested, eight convicted and 84 are being actively investigated. According to...

People

Jan 1 2006 // Michael Robinson has been named vice president and zone manager of ACE USA Professional Risk’s, Southeast Region, a division of the ACE Group of Companies. Robinson will work with brokers and clients in the southeast...

Jan 1 2006 // Carriers View Gulf States As ‘Tough Place to Do Business’ More than 100 insurance and risk management executives and industry analysts attending a Future Focus conference in Charleston, S.C., predicted that...

USDA: $200 Million for Fla. Agriculture Hurt by Hurricanes

Dec 30 2005 // The U.S. Department of Agriculture has designated at least $200 million (euro168 million) for Florida growers and farmers who suffered losses from the 2005 hurricanes, officials said. The funds were included in last...

2005, a Year to Remember: Busiest Hurricane Season of the Century for United States

Dec 29 2005 // The hurricane season made 2005 a year-to-remember, with the southeast encountering the busiest hurricane season of the century, with 26 named storms and 13 hurricanes, meteorologists used up the list of 21 proper names and...

13.5 Percent Workers’ Comp Rollback Concerns Insurance Council in Florida

Dec 29 2005 // Concerns about the 13.5 percent workers’ compensation insurance rollback ordered recently by Florida’s Office of Insurance Regulation have been voiced by Sam Miller, executive vice president of the Florida...

Florida Insurance Council EVP Predicts Hurricane Insurance Will Be of ‘Utmost Concern’ in 2006

Dec 28 2005 // Hurricane insurance will be the most significant property and casualty issue on a state level in 2006, just as it was in 2005, Sam Miller, executive vice president of the Florida Insurance Council told Insurance...

Four Key 2006 Goals Outlined by Florida Big ‘I’ President

Dec 28 2005 // The Florida Association of Insurance Agents has four key goals to accomplish in 2006 according to Jeff Grady, FAIA president and CEO, first, to pass its property insurance market proposal; second, to pass FAIA’s...

Hurricane-Impacted Floridians Eligible for Income Tax Relief

Dec 22 2005 // Tax and time relief measures are available to Floridians impacted by this year’s hurricanes according to Tom Gallagher, Florida CFO. “Many hurricane victims are still struggling to repair their homes and...

Miss. Commissioner to Unveil Mediation Program Based on ‘Florida’s Model’

Dec 21 2005 // A mediation program for homeowners battling insurance companies in the wake of Hurricane Katrina will be unveiled Wednesday by George Dale, Mississippi Insurance Commissioner. The insurance commission’s staff has...

Gov. Bush Opposes Bailing Out Citizens With Tax Revenue; Suggests Using Reserve Fund

Dec 21 2005 // The state received an $800 million sales tax windfall from hurricane reconstruction last year, but Florida Gov. Jeb Bush said Tuesday that he’s against using any public dollars to bail out the state-created insurer...

Insurance Actuaries Prepared for Even More Damaging Hurricanes

Dec 19 2005 // Despite the unprecedented nature of the four hurricanes making landfall in Florida in 2004 and the huge disasters spawned in the Gulf of Mexico in 2005, panelists at the recent annual meeting of the Casualty Actuarial...

PIA of Fla. Board Presents Achievement Awards to Three Members

Dec 19 2005 // Ed Langston, Donald McMahon and Phil Zelman have been honored with awards for their achievements by the Professional Insurance Agents of Florida board of directors. Mark O’Connell, PIA of Florida CEO, presented...

STATE FARM OF FLORIDA 8.6 PERCENT RATE REQUEST APPROVED

Dec 19 2005 // The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in Florida, insuring one out of every five homes. For some South...

FAIA Suggests: Eliminate High-Risk Account to Solve Wind Risk Problem

Dec 19 2005 // A “solution” to Florida’s hurricane insurance problems, based on research and an independent actuarial analysis showing hundreds of millions of dollars in savings, has been announced by the Florida...

FMHA Proposes Manufactured Housing Insurance Coverage

Dec 18 2005 // The Florida Manufactured Housing Association has announced it is studying the feasibility of starting its own insurance company to write coverage for mobile home owners. According to Frank Williams, FMHA executive...

Dec 18 2005 // Carriers View Gulf States As ‘Tough Place to Do Business’ More than 100 insurance and risk management executives and industry analysts attending a Future Focus conference in Charleston, S.C. predicted that...

FAIA Suggests: Eliminate HRA to Solve Wind Risk Problem

Dec 18 2005 // A “solution” to Florida’s hurricane insurance problems, based on research and an independent actuarial analysis showing hundreds of millions of dollars in savings, has been announced by the Florida...