Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Fla. DOI Orders Comp Rate Reduction
Oct 28 2005 // Florida Insurance Commissioner Kevin McCarty disapproved a workers’ compensation rate filing from National Council on Compensation Insurance (NCCI) and called for a new filing with a larger rate decrease. In his...
Standard P/L Advisory Committee to Meet Friday in Tallahassee, Fla.
Oct 27 2005 // The Standard Personal Lines Advisory Committee will hold its next meeting Friday, Oct. 28, at the Capitol in Tallahassee, Fla. The committee will meet in Room 110 of the Senate Office Building from 10 a.m. to 5 p.m. State...
PartnerRe Estimates Wilma Claims
Oct 26 2005 // Bermuda’s PartnerRe Ltd. has given the first estimations of its expected claims relating to Hurricane Wilma, following the hurricane’s passage through Mexico and south Florida over the last week. The estimates...
Adjusters Dispatched to Southeast Florida: Face Uncertain Conditions After Hurricane Wilma
Oct 26 2005 // Insurance adjusters are converging on Orlando this morning to regroup and then after short meetings, be assigned to Florida’s southwest and southeast coasts, where they begin to access the damage caused by Hurricane...
Fitch: Hurricane Wilma Further Strains a Delicate Florida Insurance Market
Oct 26 2005 // Fitch Ratings today said Hurricane Wilma represents a major blow to an already weak Florida property insurance market. If actual insured losses come in at the high end of the estimated range ($4 billion to $10 billion),...
DFS Emergency Rule Caps Public Adjuster’s Fees in Florida
Oct 26 2005 // An emergency rule has been issued in Florida capping public insurance adjuster’s fees at 10 percent of claim payment and giving consumers up to 14 days to rescind a contract with a public adjuster without penalty....
RMS Estimates Wilma Insured Losses Will Total $6 Billion-$10 Billion
Oct 25 2005 // Insured losses in the United States from Hurricane Wilma are likely to range from $6 billion to $10 billion, predicted Risk Management Solutions (RMS). The Newark, Calif.-based company said its estimate is based on current...
S&P Comments on Wilma’s Potential Impact on Florida Coverage
Oct 24 2005 // A statement, issued by Standard & Poor’s Ratings Services, notes that Florida has already sustained about $1 billion in insured losses during the current hurricane season. Hurricane Wilma is expected to hit...
Cat 3 Hurricane Wilma Bashes Naples, Fla.; Eye Passes West Palm Beach
Oct 24 2005 // As if being precisely orchestrated by the National Hurricane Center in Miami, Wilma thundered ashore in Naples, Fla. at 6:30 a.m. EDT, as a Category 3 hurricane, bringing with it pounding waves, torrential rain and...
Hurricane Wilma Losses on Florida’s West Coast Estimated at $6B to $9B
Oct 24 2005 // Catastrophe risk modeling company AIR Worldwide Corporation estimates U.S. insured losses from Hurricane Wilma at $6 billion to $9 billion. Wilma strengthened overnight and made landfall at 6:30 a.m. this morning at Cape...
Florida Dispatching Search-and-Rescue Officers to Areas Hit by Hurricane Wilma
Oct 24 2005 // More than 300 search-and-rescue officers are now fanning out over southwest Florida and are heading toward southeast Florida to assist in search and rescue efforts, according to Tom Gallagher, Florida’s State Fire...
Evacuation Orders Ignored: Florida Keys Residents Expect 5- to 8-foot Storm Surge
Oct 23 2005 // Residents of the Florida Keys are awaiting the arrival of Hurricane Wilma, projected to barrel just north of the island chain early Monday morning. National Weather Service meteorologist Andy Devanas said the Keys could...
Florida Keys, Southwest Coast Prepare for Hurricane Wilma’s Arrival
Oct 22 2005 // The National Hurricane Center reported on Sunday evening that Hurricane Wilma was speeding up, moving northeast at 14 mph and expected to make landfall on Florida’s west coast early Monday morning. When Wilma makes...
UPDATE: Wilma Soaks Yucatan, Monday Landfall in Florida Expected; TS Alpha Forms
Oct 22 2005 // Hurricane Wilma pounded Mexico’s coastline for a second straight day Saturday, with reports of several deaths and thousands of tourists hunkering down in shelters trying to wait out the storm. Wilma, which had fallen...
Vesta Insurance Statement Confirms Reinsurance to Cover Hurricane Wilma
Oct 21 2005 // Birmingham, Ala.-based Vesta Insurance has confirmed it has complete reinsurance coverage if Hurricane Wilma results in claims in Florida. “As previously disclosed, Vesta’s losses from Hurricanes Katrina and...
S.W. Florida Anxiously Watching As Hurricane Wilma Approaches Cancun
Oct 21 2005 // Floridians living in the south tier of the state, in the Keys, on the southern west coast as far north as Tampa, and in Miami, are closely watching Hurricane Wilma slow its forward speed to 5 mph, and wind-speed drop to...
FAIA Urges Members to Take Precautions Now for Hurricane Wilma
Oct 21 2005 // When the National Hurricane issued an alert saying to expect Hurricane Wilma to make landfall on Florida’s southwest coast on Monday afternoon, the Florida Association of Insurance Agents issued an alert urging...
St. Paul Travelers Readies Catastrophe Response Team in Florida for Wilma
Oct 21 2005 // St. Paul Travelers and its member company First Floridian have mobilized their Catastrophe Response Team to assist policyholders that may be affected by Hurricane Wilma. The company has deployed team members to Tampa and...
Floridians Prepare for Hurricane Wilma to Make Landfall Sunday; Could Veer Across the Peninsula to Other Coast
Oct 20 2005 // Floridians along the southwestern coast of the peninsula are closely watching as Hurricane Wilma slowly move along the southwestern Caribbean. National Hurricane Center forecasters in Miami predict after Wilma crosses...
UPDATE: Wilma “A Catastrophic Category Five Hurricane;” Lowest Pressure Ever Recorded
Oct 19 2005 // Hurricane Wilma, the 12th of the season, has become “a catastrophic category five hurricane on the Saffir-Simpson scale” states the latest bulletin from Miami’s National Hurricane Center. In less than 24...
