Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Hurricane Cat Fund Reform in Jeopardy
Apr 19 2013 // Plans to reform Florida’s state-backed reinsurance facility with proponents scaling back their proposals. The Florida Hurricane Catastrophe Fund has been the subject of legislative reform efforts for several years as...
Florida Cat Fund Looks to Issue $2 Billion in Pre-Event Bonds
Apr 17 2013 // Florida’s state-run property reinsurance facility is preparing to issue $2 billion in revenue bonds to ensure it has enough money on hand to quickly pay insurers’ claims in the event of a major hurricane. The...
Florida Senate Passes Bill on Medical Malpractice Expert Witnesses
Apr 15 2013 // The Florida Senate is making it harder to pursue medical malpractice claims. The Senate last week voted 27-12 for the bill and sent it to the House. The legislation (SB 1792) requires that expert witnesses called against a...
Florida Workers’ Compensation Ruling Could Cost $65 Million, Says NCCI
Apr 11 2013 // A Florida court’s ruling that the state’s 104-week limit on injured workers’ temporary benefits is unconstitutional could increase costs by $65 million, says the workers’ compensation...
Calls for Repeal of Florida PIP Turn Silent; Next Step Uncertain
Apr 11 2013 // A Florida Senate bill aimed at eliminating the state’s no-fault personal injury protection (PIP) auto insurance was met with awkward silence in the committee hearing it Tuesday. Finally, the committee’s chair,...
2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida
Apr 10 2013 // The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. Nine...
AssuredPartners Acquires Alan James Insurance in Florida
Apr 10 2013 // AssuredPartners of Florida has acquired substantially all of the assets of Alan James Insurance, a Ft. Lauderdale-based insurance broker specializing in insurance for the south Florida real estate market. The agency is led...
Pension Funds Looking for Higher Yields from Cat Bonds
Apr 9 2013 // Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once considered an exotic...
Florida Justices Face Another PIP Conundrum: Medical Fees
Apr 8 2013 // Florida’s high court is poised to decide how much money insurers owe some medical providers in cases where an auto policy does not specifically state that the fees will be based on a fee schedule approved by state...
Best Affirms Baldwin & Lyons and Operating Subs Ratings; Outlook Stable
Apr 8 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary,...
Florida May Scrap No-Fault Auto Insurance Law
Apr 5 2013 // Frustrated by a recent court decision temporarily blocking part of Florida’s no-fault auto insurance law reformed last year, state lawmakers are considering scrapping the entire law. Current proposals would reinstate...
Florida Lawmakers Advance Parasailing Regulations with Insurance Mandate
Apr 5 2013 // A bill to ensure more safety for thrill seekers who soar above Florida’s coastlines while dangling from parachutes has cleared its initial hurdle, winning swift approval from a state Senate panel this week. The...
Florida’s Lighthouse Property Names Bright as Manager of Operations
Apr 4 2013 // Lighthouse Property Insurance Corp. in Orlando, Fla., has promoted Sidney Bright to manager of operations to oversee the insurer’s claims information and policy administration. Before the promotion, Bright served as...
Florida Senate Panel OKs Gilway as Citizens President
Apr 3 2013 // A Florida Senate committee unanimously confirmed Barry Gilway’s appointment as president of the state-backed insurer Citizens Property Insurance Corp. The rare legislative oversight of the Citizens leadership...
AIR Worldwide Announces New Public Risk Services Group
Apr 3 2013 // Catastrophe modeling firm AIR Worldwide has announced the availability of Public Risk Services, which it describes as a “new consulting service to support the needs of public sector institutions and stakeholders...
Gallogly Joins Florida’s Lighthouse Property Insurance
Apr 2 2013 // Lighthouse Property Insurance Corp. has named Loren Gallogly as a new manager of sales and marketing charged with expanding the insurer’s sales in South Carolina and Louisiana. Gallogly has 30 years of experience in...
More Than 300K Homes Are Foreclosed ‘Zombies’
Apr 2 2013 // A national survey found 301,874 “zombie” properties dotting the U.S. landscape in which homeowners in foreclosure have moved out, leaving vacant property susceptible to vandalism and degradation. Florida tops...
Florida May End Insurers’ Tax Credit
Apr 1 2013 // Florida lawmakers are moving forward with a proposal to eliminate a 15 percent premium tax credit for insurance companies in order to reduce automobile license fees despite strong objections from insurance industry. The...
Astonish’s One-Day Modern Consumer Training Hosted by QQ Solutions on Thursday, April 11
Apr 1 2013 // Warwick, RI, 04/01/13 – Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in Florida and surrounding...
Florida Regulators Allege Fraud by Allianz in Case of Failed Insurer
Mar 27 2013 // Florida regulators are alleging that insurer Allianz and its companies contributed to the collapse of a Florida domestic property insurer by taking out more than $20 million in assets and rendering it unable to meet its...
