Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Storm Losses Lead Florida Regulators to Take Over American Superior
Oct 11 2004 // State regulators have placed American Superior Insurance Co. into receivership because it was overwhelmed by homeowners claims. The small company, with offices in Plantation, Fla., has about 60,000 policyholders. The state...
Remember the Lessons of Hurricane Andrew
Oct 11 2004 // Due to efforts to rebuild the Florida property insurance market after Hurricane Andrew, most policyholders in the wake of 2004s more costly hurricane season should not face the same post-Andrew price increases or limited...
OOF! Frances Hits Florida; Damages Widespread, But Less Than Feared – National – Sept. 6, 2004
Oct 11 2004 // Volusia County, Fla., was hard hit by Frances–even more damage than Charley. The county includes New Symrna Beach, Deland, Daytona Beach, Port Orange, Ormond Beach and others. No power at all in New Smyrna Beach,...
Brown Elected Chairman of CIAB
Oct 7 2004 // J. Hyatt Brown, chairman and chief executive officer of Brown & Brown Inc., of Daytona Beach, Fla., is the 2005 chairman of The Council of Insurance Agents & Brokers (CIAB). Brown was elected chairman during a...
IOA Ranks as 3rd Fastest Growing Agency
Oct 7 2004 // Florida’s largest privately-held insurance agency, Insurance Office of America (IOA), was recently ranked the nation’s 24th largest privately-held insurance agency by Hale’s Report (August, 2004). As the...
Seniors Focus of New Fla. Fire Safety Program
Oct 6 2004 // Each year, fire reportedly claims the lives of Florida’s elderly more than any other age group. To combat that sobering trend, the Department of Financial Services and State Fire Marshal’s Office have teamed up...
Gonzalez Named PIA President in Florida
Oct 5 2004 // The Professional Insurance Agents of Florida (PIA) announced that Sergio Gonzalez has been elected president of the 600-member trade association, effective Oct. 1, 2004. Gonzalez is the president and owner of SG &...
Fla. Homeowners’ Policies to be Reassessed, Double-Digit Rate Hikes Possible
Oct 4 2004 // The year ahead could be a shocker for homeowners in Florida, a state accustomed to skyrocketing insurance rates, due to the recent barrage of hurricanes that hit the state. To keep insurance companies in town and writing...
Hurricanes Insurance Claims Expected to Exceed $22 B
Oct 4 2004 // Thanks to Charley, Frances, Ivan, and Jeanne, insurance claim payments are expected to exceed $22 billion, far surpassing the claims for hurricane Andrew in 1992, which totaled $15.5 billion. According to the Insurance...
S&P Hands American Superior an ‘R’ Rating
Oct 4 2004 // Standard & Poor’s Ratings Services has assigned its ‘R’ financial strength rating to American Superior Insurance Co. based on the company’s announcement last week that it has agreed to be put...
At $22 Billion, Insured Losses from Four Florida Hurricanes Will Exceed Andrew’s Record
Oct 1 2004 //
Hurricane-Related Claims Force American Superior Into Receivership
Oct 1 2004 // Florida state regulators have placed American Superior Insurance Co. into receivership (See Southeast News Sept. 29) after it became overwhelmed by homeowners claims. The small company with offices in Plantation, Fla., has...
Fla. Official Urges Patience in Filing Insurance Claims
Oct 1 2004 // After preparing for recent hurricanes, then living through them, the last thing shell-shocked Osceola County, Fla. residents want is difficulty in filing claims with insurance or government agencies. Some homeowners are...
Horace Mann Reports Hurricane Impact
Sep 30 2004 // Illinois-based Horace Mann Educators Corp. estimates its financial impact from Hurricane Frances and Hurricane Ivan, net of anticipated reinsurance, will total approximately $23 to $26 million pretax. In addition, the...
Florida’s American Superior Consents to Rehabilitation
Sep 29 2004 // American Superior Insurance Company, an insurer that writes homeowners insurance coverage for nearly 60,000 Floridians, voluntarily consented on Wednesday to be put into rehabilitation in response to losses sustained by...
Florida Farm Bureau Uses Satellite Mapping to Speed Insurance Claims
Sep 29 2004 // With more than half of Florida’s 17 million residents directly affected by Hurricane Charley and Hurricane Frances, the Florida Farm Bureau (FFB) Insurance Companies is using geographic information system (GIS)...
Jeanne Makes 2004 Costliest for U.S. Hurricane Losses
Sep 28 2004 // Hurricane Jeanne, the fourth major storm to hit Florida this year, has caused between $4 billion and $14 billion in insured losses in the state, meaning that 2004 may now be the insurance industry’s costliest year...
S&P Comments on Hurricane Jeanne’s $7 Billion Impact on U.S. P/C Insurers
Sep 28 2004 // Standard & Poor’s Ratings Services has issued a comment on the state of the U.S. property/casualty insurance industry and its short- and intermediate-term prospects in the wake of Hurricane Jeanne, the fourth...
$4.4 Billion Claims Expected for Hurricane Frances
Sep 27 2004 // Homeowners and businesses are expected to file claims totaling an estimated $4.4 billion for insured property losses from Hurricane Frances, according to a preliminary estimate by ISO’s Property Claim Services (PCS)...
Hurricane Jeanne Tears Fresh Path of Destruction Through Florida
Sep 27 2004 // Hurricane Jeanne, the fourth major hurricane in six weeks, shut down much of Florida and prompted recovery plans on a scale never before seen in the nation. At least six people died in the storm, which plowed across...
