Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Fla. Insurance Commissioner Supports National CAT Fund
Sep 7 2005 // Florida Insurance Commissioner Kevin McCarty said with the specter of projected hurricane losses from Hurricane Katrina topping $25 billion, he is intensifying his support for creating a national catastrophe fund and a...
Sirius Settles With Fla. Office of Insurance Regulation
Sep 7 2005 // Sirius International Insurance Corp., a wholly-owned subsidiary of White Mountains Insurance Group, has been barred by the Florida Office of Insurance Regulation from doing business in Florida until it meets all of the...
Citizens Stops Writing New Policies; Tropical Storm Orphelia Moving N.W. Toward Fla.
Sep 6 2005 // Citizens Property Insurance Corp., has stopped writing new policies or taking changes on exhisting policies in Florida due to the approach of Tropical Storm Orphelia. The tropical storm warning for Ophelia was issued at 11...
Fla. S.B. 1662 Provisions Now in Effect
Sep 5 2005 // Six new provisions in Senate Bill 1662 have gone into effect in Florida and provide the Office of Insurance Regulation and the Department of Financial Services with new powers to crack down on fraudulent insurance...
Another Round Begins
Sep 5 2005 // Well, if the old saying, “Time flies when you are having fun,” is true, I must have had a lot of fun! It’s hard to believe I joined Insurance Journal over a year ago–and am about to start attending...
People – Southeast
Sep 5 2005 // Bob Maeyama Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina–which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29–would be in the $10 billion to...
Fla. S.B. 1662 Provisions Now in Effect
Sep 5 2005 // Six new provisions in Senate Bill 1662 have gone into effect in Florida and provide the Office of Insurance regulation and the Department of Financial Services with new powers to crack down on fraudulent insurance...
People
Sep 5 2005 // Ronald L. Alexander has been named president and managing partner of Willis Group Holdings Ltd.’s Tennessee operations in Knoxville, Tenn. Alexander was formerly executive vice president and chief operating officer...
Fla. Policyholders Face 6.8% Fee
Sep 5 2005 // A one-time 6.8 percent charge for all homeowner policyholders in Florida has been approved by the board of directors of the Citizens Property Insurance Corp., Florida’s insurer of last resort. The assessment is so...
Editor’s Note: Another Round Begins
Sep 5 2005 // Well, if the old saying, “Time flies when you are having fun,” is true, I must have had a lot of fun! It’s hard to believe I joined Insurance Journal over a year ago-and am about to start attending annual...
State Farm of Florida’s Rate Request Questioned
Sep 5 2005 // Citing concern that insurance companies are using the 2004 hurricanes to unfairly raise rates, Florida’s Chief Financial Officer Tom Gallagher has called for an independent review of a rate increase on homeowners...
News Briefs
Sep 5 2005 // FLORIDA Report Shows Car Theft Decreased in Most of Southeast Across the Southeast in major metropolitan areas auto theft decreas-ed dramatically in 2004, accompan-ied by a slight drop in auto theft nationally, according...
Insurers Post Special Toll-Free Numbers to Help Katrina Victims
Sep 5 2005 // At press time, forecasters were predicting insured losses from Hurricane Katrina-which made landfall 45 miles west of Biloxi, Miss., and 35 miles east of New Orleans on Aug. 29-would be in the $10 billion to $30 billion...
Business Moves
Sep 5 2005 // Allmerica Exits Life Sales Allmerica Financial Corp. is getting out of the variable annuity and variable life insurance business, selling those operations to The Goldman Sachs Group Inc. as part of a $385 million deal....
Fla. Lawmakers Voice Support for National CAT Fund
Sep 1 2005 // Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.) have voiced their support for a national catastrophe fund that insurance companies would establish to provide extra funding in the event of...
Early Registration Deadline Sept. 23: FAIA Announces Management and Automation Training Seminar Topics
Sep 1 2005 // A line-up of expert management and technology speakers have been announced by the Florida Association of Insurance Agent’s Management and Automation Training Seminar, “MATS 2005,” taking place Oct. 16 to...
Vesta Insurance Forecasts $500k to $1.2M Katrina Losses
Sep 1 2005 // Preliminary gross income losses of from $500,000 to $1.2 million have been predicted by the Vesta Insurance Group of Birmingham, Ala. for damages caused by Hurricane Katrina. Vesta’s Florida Select unit has about...
Gallagher Voices Concern About Nationwide’s Decision
Sep 1 2005 // Concerns have been voiced by Florida’s CFO Tom Gallagher about Nationwide Insurance of Florida’s decision not to renew policyholders in Florida. “I’m deeply concerned that Nationwide Insurance is...
Nationwide Mutual Insurance Company Will Limit Fla. Property Exposure
Aug 31 2005 // The Nationwide Mutual Insurance Company announced today that it will reduce its property exposure in Florida. “As we continue to analyze our business strategy, it has become increasingly apparent that we are not...
