Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida’s Citizens Readies $1.5 Billion Catastrophe Bond Deal
Apr 28 2014 // Florida’s largest property insurer is preparing to transfer $3.1 billion in risk through a combination of reinsurance catastrophe bonds, including a $1.5 billion deal that is the largest of its kind on record. The...
Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill
Apr 28 2014 // Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on...
Insurers Cooperated in Writing of Florida Rule on Gun Ownership
Apr 27 2014 // Florida lawmakers have approved legislation that supporters say will uphold a policyholder’s constitutional right to bear arms by preventing insurers from using gun ownership in underwriting. The Florida House of...
Florida’s Heritage Insurance Hopes to Raise $100 Million in IPO
Apr 25 2014 // A Florida property insurer that provides insurance coverage to 128,000 homeowners is planning to go public by issuing an initial public offering (IPO) that could result in the insurer raising up to $100 million in new...
Florida Ban on Gun Ownership in Insurance Underwriting Goes to Governor
Apr 24 2014 // A Florida bill that would forbid insurance companies from refusing to serve or charging higher rates to applicants based on their ownership of a firearm has been sent to Gov. Rick Scott to sign. The measure passed the...
MEMIC Adds to Underwriting Teams in Virginia, Maryland and Florida
Apr 24 2014 // The MEMIC Group has appointed three underwriters for its territories in Virginia, Maryland and Florida. Timothy Cook, Michael Diamond and Scott Meinke joined the group’s underwriting team as senior production...
Florida’s Citizens to Shave Operating Costs by Consolidating Offices
Apr 23 2014 // Florida’s state-backed property insurer is seeking to control its operating costs by consolidating its office space, a move expected company officials say could save almost $12 million over the next five...
Florida Supreme Court Leaves PIP Reforms Intact
Apr 23 2014 // The Florida Supreme Court has declined to review the state’s no-fault automobile insurance personal injury protection (PIP) reforms that were designed to lower the cost of the coverage by targeting fraud and...
Florida Constitutional Amendment on Medical Malpractice Caps Urged
Apr 22 2014 // Following a Florida Supreme Court decision that struck down caps on certain awards in medical malpractice lawsuits, the members of a 2002 task force that supported those caps are calling for a constitutional amendment that...
Florida Court Finds Law Protects Against Pregnancy Discrimination
Apr 21 2014 // The state’s civil rights laws include the protection of women discriminated against for pregnancy, the Florida Supreme Court ruled Thursday. The opinion finds that the intent of current statute, though not explicitly...
My New Markets
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Mississippi Withdrawing Lawsuit Over Flood Insurance Rates
Apr 17 2014 // Mississippi’s insurance regulator is withdrawing his lawsuit against the federal government after Congress voted to delay changes to the federal flood insurance program. Mississippi Insurance Commissioner Mike Chaney...
Florida Legislators Look to Expand, Regulate Telemedicine
Apr 11 2014 // The calls may come in the middle of the night and from hospitals more than an hour away. Someone is having a stroke and is en route an emergency room in the Florida Keys, but there aren’t any neurologists on...
Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida
Apr 9 2014 // Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now...
Carriers Being Selective with Florida’s Citizens Clearinghouse Agency Appointments
Apr 9 2014 // Florida’s state-backed Citizens Property Insurance Corp. says the initial opening of its new web-based clearinghouse designed to make it easier for private insurers to write its policies has been promising, although...
Florida Lawmakers Eye Regulations for Unlicensed Health Clinics
Apr 8 2014 // There is one simple way for a Florida medical clinic to avoid being licensed and undergoing an annual inspection: Don’t accept insurance. A bill moving through the Legislature would close that loophole for so-called...
Anticipating Hurricane Season, Florida Insurer Cancels Policyholders
Apr 7 2014 // A Florida insurer has decided to lessen its exposure in south Florida, cancelling thousands of policyholders in anticipation of the June 1 opening of hurricane season. People’s Trust Insurance Co. reported that it is...
Top 10 States and Cities for Job Growth
Apr 7 2014 // North Dakota, California, Texas and Florida did well in job growth in 2013 while Arkansas and Pennsylvania lagged and West Virginia was the only state to lose jobs. Overall, 12 states showed job growth of at least two...
Florida Senate Passes Parasailing Insurance Bill
Apr 7 2014 // Parasailing in Florida moved closer to becoming a regulated industry lat week, with the Senate approving a bill that would place safety guidelines on companies. The legislation details insurance, equipment and license...
Florida Sees Drop in Auto No-Fault Questionable Claims
Apr 7 2014 // A national study found that Florida has seen its first decrease in questionable automobile claims since state lawmakers rewrote the no-fault law in 2012. The National Crime Insurance Bureau conducted the report that looked...
