Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Waltz Joins Florida’s Mack Insurance Group as Partner
Jul 24 2009 // Greg Waltz has joined Mack Insurance Group, Inc. and become one of the three partners in the Deerfield Beach, Florida-based company. The company plans to change its name to Mack, Mack and Waltz Insurance Group Inc. Waltz...
Insurer to Pay Bulk of $900K Settlement in Nebraska Fraud Case
Jul 23 2009 // A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers’ former employers. The company’s...
Florida Signs Insurance Regulation Pact with United Kingdom
Jul 22 2009 // The Florida Office of Insurance Regulation (OIR) and the United Kingdom Financial Services Authority (FSA) have agreed to work together on issues that affect insurance consumers in the U.K. and the U.S. Florida Insurance...
Florida’s Denial of State Farm 47% Rate Hike Again Upheld
Jul 21 2009 // A court has upheld Florida Insurance Commissioner Kevin McCarty’s denial of a 47.1 percent home insurance rate hike requested last July by State Farm Florida. According to the Florida Office of Insurance Regulation...
Business Moves
Jul 20 2009 // Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better...
Declarations
Jul 20 2009 // Patterson Launch “Floridians deserve to have a choice in this election. With me, they’ll get someone who has spent a lifetime educating and advocating for consumers, and someone who understands that we...
Florida’s Citizens Rate Hikes Fall Short of Industry Hopes
Jul 20 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Florida CFO: Insurance Recoveries Total $11.5 Million in 6 Months
Jul 16 2009 // The state has helped Floridians recover more than $11.5 million in the first six months of this year in claim payments and premium refunds, including one case that resulted in a $1.2 million payment on a consumer’s...
State Farm Florida Withdrawal Plan May Go To Judge
Jul 15 2009 // After months of trying, Florida state officials and State Farm Florida have been unable to agree on the details of the insurer’s plan for withdrawing from the state, so steps have been taken to have an administrative...
Today Is Hearing Deadline for State Farm Florida Exit Plan
Jul 15 2009 // Today is an important deadline in the process of settling the terms of State Farm’s withdrawal from the Florida insurance market. Representatives of Florida insurance regulators and State Farm Florida had hoped to...
It’s Back to Square One in Florida Insurance Marketplace
Jul 14 2009 // In May, when Gov. Charlie Crist vetoed a bill (SB 714) to fix a glitch in the state’s condominium insurance laws because he did not like a minor fire sprinkler provision in it, a frustrated Jeff Grady, president of...
Florida’s Citizens Insurance Proposes to Hike Some Rates, Decrease Others
Jul 9 2009 // After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and...
Highways Deaths Declined in Florida in 2008
Jul 8 2009 // Highway deaths are at an 8-year low in Florida. Also for the first time since 2000, fewer than 3,000 people lost their lives on the state’s roadways, the Florida Department of Highway Safety and Motor Vehicles...
Focus Holdings Closes on Acquisition of Capacity Insurance in Florida
Jul 8 2009 // Focus Holdings, LLC in Sunrise, Florida, reports that it closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of...
OSHA to Investigate Monorail Death at Florida’s Disney World
Jul 7 2009 // A federal agency has opened an investigation into the death of an operator of Walt Disney World’s monorail train in Florida. The investigation launched Monday by the Occupational Safety and Health Administration...
Allstate Floridian Changes Name to Castle Key
Jul 6 2009 // Allstate Floridian Insurance Co. and Allstate Floridian Indemnity Co., property insurance subsidiaries of Allstate Insurance Co., have changed their names to Castle Key Insurance Co. and Castle Key Indemnity Co.,...
Florida’s New Insurers Won’t Pick Up State Farm Slack, McCarty Says
Jul 6 2009 // Florida Insurance Commissioner Kevin McCarty said the 54 property insurers backed by nearly $5 billion in capital that have been admitted to the state since 2006 can’t be expected to absorb all of the policies left...
It Figures
Jul 6 2009 // 2.4% The average hike in auto insurance rates in Georgia this year. That compares to an average 5 to 11 percent hike for homeowners insurance. Georgia Insurance Commissioner John Oxendine said that in other states rates...
Florida Workers’ Comp Lawyers Retained Business After 2003 Reforms
Jul 6 2009 // After Florida limited the fees insurers had to pay to attorneys in workers’ compensation cases in 2003, attorney involvement in cases fell only slightly, according to new research. In fact, a significant proportion...
People
Jul 6 2009 // Jeffrey A. Vanderpool has been promoted to senior vice president and chief claims officer at Sunshine State Insurance Co. in St. Augustine, Fla. Vanderpool has served as vice president of caims since he joined the insurer...
