Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Weighs 2.5% Workers’ Comp Rate Decrease
Sep 8 2014 // Florida workers’ compensation writers have recommended a 2.5 percent rate decrease for 2015. The Office of Insurance Regulation has received the filing by the National Council on Compensation Insurance (NCCI), which...
Brightway Insurance Opens Store in Panama City, Florida
Sep 5 2014 // Brightway Insurance has opened a franchise store in Panama City, Florida. The new location is owned and operated by Dale Turner. Prior to opening the Brightway store, Turner worked with Nationwide Insurance and Farmers...
Florida OIR Approves Removal of Up to 427,584 Policies From Citizens
Sep 5 2014 // The Florida Office of Insurance Regulation (OIR) announced that it has approved the removal of up to 425,357 personal residential policies and 2,227 commercial residential policies from Citizens Property Insurance Corp. by...
Florida City, Temple Accord Includes Insurance Proceeds
Sep 4 2014 // A settlement has been reached between a South Florida city and a Jewish temple in a long-running legal dispute that pitted religious freedom and property rights against preservation of a historic structure. Temple...
Infamous Florida ‘Speed Trap’ Town Accused of Profiting from Tickets
Sep 3 2014 // The north Florida town of Waldo has long had a reputation as a speed trap, and it’s no wonder. A small segment of highway that runs through Waldo requires drivers to speed up and slow down six times: 65 mph becomes...
Helicopter Crash Lawsuit Against Florida Hotel Mogul Dismissed
Sep 3 2014 // A $100 million lawsuit against a Florida billionaire over a fatal 2012 helicopter crash in the Bahamas has been dismissed. The wrongful death lawsuit filed against real estate mogul Jeffrey Soffer by the widow of attorney...
Florida’s Citizens No Longer ‘Out of Control,’ Says Exec Defending Rate Cut
Sep 2 2014 // Its successes in reducing its insured population and securing low cost catastrophic coverage are driving the request by Florida’s state-backed property insurer for a statewide average 2.9 percent decrease on...
Florida Judge Sentences Mastermind of $800M Fraud Scheme to 20 Years
Sep 2 2014 // The man who masterminded an $800 million insurance scam that fleeced tens of thousands of investors in one of Florida’s all-time largest fraud schemes was sentenced Friday to 20 years in prison. U.S. District Judge...
Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC
Aug 28 2014 // Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new...
NCCI Proposes Average Workers’ Comp Rate Decrease of 2.5% in Florida
Aug 26 2014 // Florida’s Office of Insurance Regulation announced it received the 2015 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average...
Florida Reports Record Number of Prescribed Burns
Aug 25 2014 // Florida state officials say they’ve overseen a record number of prescribed burns over the past year. The Florida Forest Service reported prescribed fires covering more than 2.5 million acres. The Florida Department...
Florida’s Flood Agency Stops Writing New Business in Tampa Bay Region
Aug 25 2014 // One of the first entities to step forward and provide private flood insurance in Florida has announced it will stop writing new business in the Tampa Bay region in order to manage its exposure. The Flood Agency, which...
Florida’s Citizens’ Gilway Defends Overseas Travel Before Governor, Cabinet
Aug 21 2014 // The top official of Florida’s state-backed property insurer stepped forward yesterday to defend his organization’s international travel, arguing it was necessary to conclude a $3.1 billion risk transfer...
Florida Opens, Closes Surplus Lines Opportunities
Aug 20 2014 // The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry...
$2.6M Florida Jury Award to Tourist Upheld
Aug 20 2014 // A judge upheld a $2.6 million judgment awarded to a Kansas tourist whose skull was fractured when she was run over by a truck driven by a lifeguard. The Daytona Beach News-Journal said Volusia County had appealed part of...
Appeal Expected Over Ruling Overturning Florida Workers’ Comp System
Aug 19 2014 // A Florida circuit court judge has ruled that the state’s workers’ compensation law is unconstitutional because it no longer provides adequate benefits to injured workers giving up their right to sue. Florida...
Florida’s Citizens Travel Costs Under Scrutiny
Aug 18 2014 // Florida Gov. Rick Scott is calling on the top official of the state-backed Citizens Property Insurance to explain why the insurer has deviated from its limitations on overseas travel. A review of the officials’...
Florida Supreme Court to Review Florida Football Player Death Case
Aug 15 2014 // The legal fight between the University of Central Florida and the family of a football player who collapsed and died following conditioning drills is headed for Florida’s highest court. This week, the Florida Supreme...
States Still Grappling with Surplus Lines Tax Sharing
Aug 15 2014 // Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has...
Florida Supreme Court Fate to Rest With Winner in Governor’s Race
Aug 14 2014 // If former Republican Gov. Charlie Crist is elected governor as a Democrat in November, all seven state Supreme Court justices might be his appointments. If Republican Gov. Rick Scott is re-elected, he could completely...
