Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
A.M. Best Comments on Potential Rating Implications from Hurricane Frances
Sep 3 2004 // A.M. Best Co. has recently taken rating actions on several Florida insurance companies in response to their reduced risk-adjusted capitalization due to losses from Hurricane Charley, as well as potential exposure to...
RMS Estimates Potential Losses Ranging from $2 to $20 Billion for Hurricane Frances
Sep 3 2004 // Risk Management Solutions (RMS) has announced that potential insured losses could range from $2 to $20 billion based on the latest forecasts for Hurricane Frances. Uncertainty in the storm’s track and intensity...
NHC Issues Hurricane Watch as Frances’ Threat to Florida Grows
Sep 2 2004 // The latest bulletin from the National Hurricane Center in Miami confirms that a “Hurricane Watch remains in effect for the Florida East Coast from Florida City Northward to Flagler Beach, including Lake...
Progressive Offers Tips to Keep Drivers and Vehicles Safe as Hurricane Frances Approaches
Sep 2 2004 // After Charley’s passage the Progressive Group of insurance companies, the third largest auto insurer in the U.S. and insurer of about one in 10 Florida drivers, has had a lot of experience with storm related...
Fla. CFO to Storm Victims: Make Sure Contractor Has Workers’ Comp Coverage
Sep 2 2004 // Florida’s Chief Financial Officer Tom Gallagher advised Floridians coping with the aftermath of Hurricane Charley to verify that repairs to their home and property are being conducted by licensed contractors covered...
St. Paul Travelers Mobilizes Catastrophe Team in Florida
Sep 2 2004 // St. Paul Travelers and its subsidiary First Floridian have mobilized their Catastrophe Response Team to assist policyholders who may be affected by Hurricane Frances. Because of the company’s response to Hurricane...
Allstate Estimates Charley Losses at $425 Million
Sep 1 2004 // The Allstate Corporation, the second largest U.S. writer of homeowners’ policies, announced that its pre-tax catastrophe losses related to Hurricane Charley are preliminarily estimated to be approximately $425...
Frances Now a Category 4 Hurricane; Aims Directly at East Coast of Florida
Sep 1 2004 // Hurricane Frances has strengthened substantially as it continues on a northwestern path over the open waters of the Northern Caribbean. Maximum sustained winds remain near 140 mph (220 km/hr) with higher gusts, making the...
Protecting People First Foundation to Study Impact Resistant Glass in Florida
Sep 1 2004 // The Protecting People First Foundation announced it is returning to Southwest Florida to continue an on-site study to document the contribution of impact resistant glass, safety film, hurricane shutters and other...
PCI: Proposed Fla. Building Code Changes Could Weaken Building Standards
Sep 1 2004 // By changing the wind provisions in the Florida Building Code from the current form to the International Residential Code, regulars could be putting many consumers, especially those in inland counties, at risk by weakening...
The Hartford Estimates $140M in Charley Losses
Aug 31 2004 // Connecticut-based The Hartford Financial Services Group Inc. announced that its losses resulting from Hurricane Charley are estimated to be $140 million (before-tax). This amount is net of applicable reinsurance sources...
Fla. CFO Gallagher Announces Arrest of Unlicensed Adjuster; Warns of Scams
Aug 31 2004 // Florida’s Chief Financial Officer Tom Gallagher announced that an unlicensed adjuster seeking contracts with victims of Hurricane Charley was arrested on Sanibel Island. He also warned that the Department of...
New Public Sector Brokerage Entity Formed
Aug 30 2004 // Insurance Office of America (IOA) has announced the formation of Public Entities of America (PEA), a subsidiary operation specializing in insurance and risk management services for the Public Sector. PEA will service state...
PCI: Mobile Homes Bear Brunt of Charley’s Wrath in Florida
Aug 27 2004 // Despite improvements in construction and safety standards since Hurricane Andrew, damage to mobile homes in the path of Hurricane Charley was significant according to the Property Casualty Insurers Association of America...
Fla. CFO Offers Charley Status Report
Aug 26 2004 // Orlando – Florida’s Chief Financial Officer Tom Gallagher on Thursday joined area legislators, including incoming House Majority Leader Andy Gardiner, in a tour of storm-affected areas in Orange County and...
Poe Financial Group Promotes Jones
Aug 25 2004 // Florida-based Poe Financial Group announced that Randy Jones will serve as senior vice president of Poe Insurance Managers. Jones has more than 18 years of experience in the property/casualty business encompassing various...
ISO: Insurers to Pay Estimated $6.8 Billion on Charley
Aug 25 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.8 billion for insured property losses from Hurricane Charley, according to preliminary estimates by ISO’s Property Claim...
Fla. Notes ‘Bridge Loans’ Available Following Charley
Aug 25 2004 // Florida Gov. Jeb Bush has announced the activation of Florida’s Small Business Emergency ‘Bridge Loan’ Program to provide emergency, short-term loans to businesses located in counties most severely...
Fla. Tree Service Owner Cut Down on Fraud Charges
Aug 25 2004 // Florida Attorney General Charlie Crist announced price gouging charges against a Jacksonville man accused of charging 10 times the going rate to cut trees felled by Hurricane Charley in Volusia County. The Attorney...
Charley Not as Bad as Andrew but Bad Enough
Aug 23 2004 // As the remnants of Hurricane Charley disintegrated off the New England coast Aug. 15, Florida officials estimated the storm caused $5 billion to $11 billion in damage to insured homes. At least 15 people were killed. The...
