Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Business Moves
Dec 5 2011 // Marsh & McLennan Agency, Seitlin Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., has acquired Seitlin Insurance, one of the largest insurance brokers in south Florida. Terms of the...
Insurer Pays in Florida Rental Car Crash
Dec 5 2011 // A rental car customer’s insurer must cover crash injuries, even though an unauthorized driver was behind the wheel. That’s what the Florida Supreme Court decided in a 5-2 opinion recently. The majority ruled in...
Leading By Creating
Dec 5 2011 // Top 100 Agency Profile Agency Name: Confie Seguros, trading under Freeway Insurance Headquarters: New York, N.Y. Year Founded: 2008 Additional Locations: California, Arizona, Washington, Oregon, Texas, New York, New...
Florida’s Citizens Plans Condo Rate Hike
Dec 5 2011 // Florida residents in high-value condominium buildings insured by the state-backed insurer could see their premiums rise 19 percent. Rates charged by Citizens Property Insurance Corp. for its commercial residential...
Shrink Rap
Dec 5 2011 // Ah, Citizens Property Insurance Corp. It’s supposed to be the insurer of last resort but, of course, it has ballooned to become the first and only choice for many property owners in Florida. Now there is a serious...
Florida’s Citizens Suggest Steps to Reduce Its Exposure
Dec 1 2011 // Florida’s largest property insurer wants to roll back coverage on high-value homes and lower its coverage limits on homeowners’ liability, as part of a broader plan to reduce its exposure in the state. Florida...
Apollo of Florida Transfers Auto Book to Omni
Dec 1 2011 // A.M. Best Co. has withdrawn the financial strength rating of C++ (Marginal) and issuer credit rating of “b” of Apollo Casualty Co. of Florida, headquartered in Des Plaines, Ill., due to its business being...
Florida’s HomeWise Insurance Ordered Into Liquidation
Nov 30 2011 // A Florida judge has ordered a homeowners’ insurer to shut its doors and hand its business affairs over to the state after state regulators found it no longer has enough money to pay its bills. Florida’s...
Florida Convicts North Carolina Man in $2.7 Million Workers’ Comp Fraud
Nov 30 2011 // A North Carolina man has been sentenced to four years in a Florida prison and ordered to pay more than $3.1 million in restitution after pleading guilty in a workers’ compensation fraud case, according to...
Florida Looks to Manage State’s Workers’ Compensation Costs
Nov 29 2011 // Florida officials are looking for ways to reduce the state government’s workers’ compensation costs and considering changing some mandates that grant first responders automatic benefits and reducing...
Insurer Must Pay for Florida Rental Car Crash by Unauthorized Driver
Nov 28 2011 // A Florida rental car customer’s auto insurer must cover crash injuries, even though the driver was someone not authorized under the rental car company’s contact. In a 5-2 opinion on Nov. 23, the Florida Supreme...
American Platinum Writes First Homeowners’ Policies in Florida
Nov 22 2011 // Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp. has just issued its first Florida homeowners’ policies. American Platinum...
American Platinum Writes First Homeowners Policy in Florida
Nov 22 2011 // Florida has a new player in the insurance market for high-value homes and inland marine policies. Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and...
Zurich, Patriot National Ink Deal to Provide Workers’ Comp
Nov 21 2011 // A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services...
People
Nov 21 2011 // St. Petersburg, Fla.-based LIG Marine Managers announced that Richard C. Zolty has joined LIG as senior ccnsultant and longshore insurance development director. Zolty has 40 years of underwriting experience in workers...
Florida’s Citizens Cuts Back Coverage
Nov 21 2011 // Florida homeowners who insure their homes through the state-run property insurer, Citizens, will have less coverage available next year. Citizens Property Insurance Corp., in a message to agents, said it will no longer...
Florida Consumer Advocate Questions If PIP Is Worth Cost
Nov 21 2011 // Florida’s automobile no-fault law is in severe need of reform, but the cost of doing so may be more than the benefit, according to the state’s insurance consumer advocate. Speaking before Florida’s...
Florida’s Scott Wants Ideas from Citizens by Dec. 6
Nov 21 2011 // Gov. Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer. Scott, who prefers the insurer be sold to a private company, wants answers from the...
Business Moves
Nov 21 2011 // Homeowners Choice, HomeWise Homeowners Choice Property and Casualty Insurance Co. said it has acquired HomeWise Insurance Co.’s book of business in Florida. Approved by state regulators, the deal adds 70,000 Florida...
Marsh & McLennan Agency Expands in Florida, Acquires Seitlin Insurance
Nov 17 2011 // Marsh & McLennan Agency, a New York-based subsidiary of insurance broker Marsh Inc., acquired Seitlin Insurance, one of the largest insurance brokers in South Florida. Terms of the transaction were not...
