Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
20 Years Later: Insurance Changes Triggered by Hurricane Andrew
Aug 21 2012 // Hurricane Andrew struck Florida on August 24, 1992, and the tumult it created for the property insurance market in the state has not ceased in the 20 years since, according to the insurance industry. An Insurance...
BOLT Buys 2 Agencies, Opens Florida Office
Aug 20 2012 // The Business Owners Liability Team (BOLT) insurance agency is opening a regional office in Sarasota after acquiring two Florid agencies. BOLT has acquired the Sarasota-based PRG Insurance Agency and Florida Direct...
USI Acquires Florida’s Suncoast Associates
Aug 20 2012 // USI Insurance Services has acquired Suncoast Insurance Associates Inc., a Tampa, Florida-based insurance brokerage specializing in professional liability programs in Florida. USI said this acquisition is expected to...
Florida’s Citizens Promises Changes to Mitigation Savings Program
Aug 20 2012 // Responding to criticism over its home inspection program, officials of Florida’s policyholder-backed insurer said they will no longer immediately raise the premiums for property owners who dispute the inspection...
Ban on Workers’ Medical Care Cuts Down Florida Comp Costs
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
Florida Online Home Insurance Tool Now Compares Auto Rates, Too
Aug 16 2012 // The Florida Office of Insurance Regulation has expanded its online homeowners insurance rate comparison program, Choices, to include the auto insurance. The program allows consumers to select among three standard risks for...
Florida Licenses Validus Reinsurance
Aug 16 2012 // Validus Reinsurance Ltd. has become the latest reinsurer licensed to do business in Florida under the state’s reduced capital law. Under a 2009 law that was designed to attract more private capital to the state,...
Florida Regulators Question Castle Key Rate Increases
Aug 14 2012 // Florida regulators are questioning the increases sought by two property insurers that could raise rates on some homeowners by more than 40 percent, even as they reduce their number of policies. Castle Key Insurance Co., is...
Florida Gov. Scott Reappoints 7 Workers’ Compensation Judges
Aug 13 2012 // Florida Governor Rick Scott has reappointed seven judges on the state’s court that handles workers’ compensation claims. Judge W. James Condry II, 54, of Orlando, has been a judge of Compensation Claims for the...
Florida Says 36% Cut in Forced Place Insurance Rate Justified
Aug 13 2012 // Praetorian Insurance Co. is facing up to a 36 percent rate reduction for Florida homeowners. Florida Insurance Commissioner Kevin McCarty on Friday announced his intent to disapprove a company proposal for a 2.2 percent...
Florida Could Face Lawsuits Over I-75 Crashes
Aug 9 2012 // A series of deadly January crashes on Interstate 75 could trigger more than a dozen lawsuits against the state of Florida. The Department of Highway Safety and Motor Vehicles acknowledged this week that it has received 13...
Trayvon Martin’s Parents Seek Help from Florida Victims’ Fund
Aug 7 2012 // Trayvon Martin’s mother has asked for an undisclosed amount of money from a state fund set up to help crime victims with things like funeral expenses and counseling, according to documents obtained by The Associated...
Florida Officials, Insurers Urge Caution Over PIP Savings Report
Aug 7 2012 // A preliminary report on the impact of Florida’s no-fault auto insurance law suggesting it could result in savings between 12 percent and 20 percent on a portion of drivers’ premiums is presenting as many...
Florida Regulators Question Auto Insurance Savings
Aug 6 2012 // Florida regulators are warning that a preliminary report estimating a new law will cut no-fault auto insurance premiums by 12 percent to 20 percent may be misleading and overly optimistic. The Office of Insurance...
Insurers Cite Florida, Urge Stronger Building Codes
Aug 6 2012 // Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National Association of Mutual Insurance Companies (NAMIC) told members of a House panel that a...
Florida’s Top 10 Roofers
Aug 6 2012 // The BuildFax Florida Roof Age Report, based on analysis of its historical residential building permit data, released its top 10 lists of the most active roofing contractors in Florida. The Florida Building Code, effective...
Florida Tops the List of States With Most Watercraft Thefts: NICB
Aug 3 2012 // The National Insurance Crime Bureau (NICB) published this week its latest report on watercraft theft and recoveries in the United States. According to the report, Florida led the nation with the highest number of thefts in...
Florida’s Workers’ Compensation Check Fraud Efforts Produce Results
Aug 1 2012 // Just months after Florida lawmakers enacted a new law designed to target the role of check cashing companies in the construction industry, state officials announced a string of arrests netting more than $140 million in...
Private Companies Offer Plans to Depopulate Florida’s Citizens
Jul 27 2012 // Private companies and investors say they are willing to remove thousands of policyholders from Florida’s state- backed homeowners market if they can get officials to give them millions of dollars in loans. At a...
Florida Regulators Question State Farm’s 57% Rate Hike for Landlords
Jul 26 2012 // Florida regulators are expressing concern over a State Farm Florida proposed statewide average 57.3 percent rate hike in insurance rates for landlords that will result in higher premiums while the insurer continues not to...
