Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Insurance Chief Grilled by Lawmakers
Oct 8 2009 // Some insurance companies could go out of business if a major hurricane hits Florida, the state’s insurance commissioner told a Senate panel this week. But after more than an hour grilling by lawmakers, Commissioner...
Florida Says Medical Malpractice Rates Decline, Market Is Competitive
Oct 8 2009 // A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in...
Nationwide Insurance to Drop 60,000 Home Policies in Florida
Oct 8 2009 // Nationwide Insurance Co. of Florida plans to reduce its personal lines property exposure in the state of Florida by nonrenewing 60,000 homeowners policies across the state. Nationwide said that Tower Hill Group, a Florida...
Florida’s ‘Whocanisue’ Legal Web Site Attracts Plaintiffs, Irks Other Lawyers
Oct 7 2009 // Have you been bitten by a vicious dog? Been the victim of a surgical mishap? A sexual assault on a cruise ship? There’s a lawyer waiting for your call. Boca Raton-based whocanisue.com has scores of billboards and...
Changes at Tower Hill Secure Rating from Demotech
Oct 6 2009 // Insurance company rating firm Demotech, Inc. said it has affirmed the Financial Stability Ratings of A, Exceptional, assigned to Tower Hill Prime Insurance Co., Tower Hill Preferred Insurance Co., Tower Hill Select...
Florida Home Insurers Losing Money; Will State Farm Stay?
Oct 5 2009 // Homeowners insurers doing business in Florida – established as well as new – are losing money and the state regulator says rates may need to go up. Also, the state’s largest private home insurer, State...
Business Moves
Oct 5 2009 // Prepared Insurance, Florida Florida approved a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, is...
Hurricane Losses Color Florida’s Deficit
Oct 5 2009 // A Florida House-Senate budget panel has added the state’s risk of incurring billions of dollars in possible hurricane insurance losses to Florida’s long-range financial outlook. The new changes could dwarf...
Florida Hearing on 6.8% Workers Compensation Rate Drop Set for Oct. 6
Oct 2 2009 // There will be a public hearing in Tallahassee on Oct. 6 for the insurance industry’s proposed 6.8 percent workers’ compensation rate decrease for Florida employers. The National Council on Compensation...
Tully Joins Lassiter Ware Insurance in Florida
Sep 30 2009 // Mike Tully has joined the team of Lassiter Ware Insurance in the Maitland, Fla., office as a commercial insurance consultant, specializing in technology, medical/life sciences and recycling. Tully graduated from Florida...
Florida Workers’ Compensation Guaranty Fund Elects Directors
Sep 29 2009 // The Florida Workers’ Compensation Insurance Guaranty Association announces its newly elected / re-elected board of directors. Terms begin Oct. 1, 2009 and run through Sept. 30, 2013. Heading the FWCIGA board is Tom...
Bermuda Monetary Authority Concludes Pact with Florida Insurance Regulator
Sep 25 2009 // The Bermuda Monetary Authority (BMA) has signed a Memorandum of Understanding (MOU) with the Florida Office of Insurance Regulation (FLOIR). The bulletin noted that it “is the latest in a number of such agreements...
Fugate Brings Florida Ideas to FEMA
Sep 24 2009 // Craig Fugate brought three lessons with him when he took over the Federal Emergency Management Agency: Always be ready for disasters, make sure people take responsibility for themselves and get the message out...
Newest Florida Carrier, Prepared Insurance, Targets ‘Older’ Homes
Sep 23 2009 // Florida has given the go-ahead to a new homeowners insurance company that plans to focus on what it says is the underserved market of homes built before 2002. Prepared Insurance Co., headquartered in Tampa, intends to use...
The Coverage Conundrum in Chinese Drywall Claims
Sep 21 2009 // The Latest Mass Tort Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now be hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as...
Florida’s Newly-Formed Ascendant to Rescue First Commercial Policies
Sep 21 2009 // The new company will use independent agents and brokers for sales. Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with First...
Florida’s Newly-Formed Ascendant to Rescue First Commercial Policies
Sep 21 2009 // The new company will use independent agents and brokers for sales. Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with First...
A.M. Best: New Regulations, Market Conditions and Financial Crisis Wreak Havoc on Workers’ Comp Line
Sep 21 2009 // Challenging market conditions, the financial crisis and the recession drove profitability downward for the U.S. workers’ compensation market in 2008. Changing regulatory conditions and reforms have also impacted the...
Insurers Join Call for Review of Florida’s Insurance Mitigation Discounts
Sep 17 2009 // The arbitrary assignment of premium discounts for certain mitigation features without regard to insurance companies’ base rates or premium calculations for existing business has proven to be the downfall of the...
Potential Hurricane Insurance Losses Added to Florida’s Long-Range Deficit Projections
Sep 17 2009 // A House-Senate budget panel has added the state’s risk of incurring billions of dollars in possible hurricane insurance losses to Florida’s long-range financial outlook. The new changes could dwarf potential...
