Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida’s Property Insurance Market: An Overview by Commissioner McCarty
Apr 24 2009 // It is always interesting, and frequently amusing, to read various “research” pieces on the Florida property insurance market. While I, like every other insurance regulator, industry professional and observer in...
All Policies of Florida’s Coral Insurance To Be Cancelled May 31
Apr 24 2009 // All policies of Florida property insurer Coral Insurance will be cancelled as of May 31, 2009 and any unearned premiums will be returned to policyholders, under a state plan approved by a Leon County judge overseeing the...
What Young Agents Value About Being Independent
Apr 24 2009 // Good things come to those who wait and work hard. Even in today’s challenging economic climate, young independent insurance agents remain hopeful and happy to be in a profession that allows them to work...
Florida Nears Votes on Property Insurance Bills
Apr 24 2009 // Today could be the day both the Florida House and Senate take up legislation to improve the state’s property insurance market, including proposals allowing state-backed insurance writer Citizens Property Insurance to...
Freberg, ZCL Target Florida with Underground Storage Tank Insurance
Apr 23 2009 // ZCL Composites Inc., an underground fiberglass tank manufacturer, has partnered with Freberg Environmental Insurance of Denver to offer Prezerver, a non-cancellable, 10-year underground storage tank insurance policy for...
Florida Among States Considering Ban on Accident Response Fees
Apr 22 2009 // It was bad enough when Matthew Norville rear-ended another driver, crushing the front end of his own car. A few weeks later, the Pensacola college student got a $714 bill to cover the cost of the county police and...
Florida Bills to Clarify Regulation of Surplus Lines Insurance Advance
Apr 22 2009 // Florida’s surplus lines insurance brokers and carriers are encouraged that legislation to clarify the surplus lines industry’s regulatory status in the state has survived several committee hurdles and appears...
The Freedom to Grow
Apr 20 2009 // What Young Agents Value About Being Independent Profile of Young Agents Older Side of Young 62% are 31 to 40 years old 38% are 30 and under Career Choice 84% consider insurance to be a permanent career choice 14% are...
Florida Takes Over Coral Insurance; Security First, MacNeill Step In
Apr 20 2009 // Coral Insurance Co., a residential property insurer in Florida, has been ordered into receivership for the purpose of rehabilitation. The Department of Financial Services was named as the receiver by Leon County Circuit...
Lawmakers Seek to Ban Chinese Drywall
Apr 20 2009 // U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed federal legislation for a recall and immediate ban on tainted building products from China, as people around the country are reporting problems in...
Rates Rising on U.S. Property Catastrophe Reinsurance
Apr 20 2009 // A new industry briefing shows reinsurance rates continuing to increase for the U.S. property-catastrophe reinsurance market for April 1, 2009, renewals. According to Guy Carpenter & Co.’s “Rates Up on...
Universal North America’s Financial Rating Upgraded by Demotech
Apr 17 2009 // Universal Insurance Co. of North America has received an upgraded Financial Stability Rating of A’ (A Prime) Unsurpassed for its Florida operations from the rating organization Demotech. Demotech said it upgraded the...
Improved Credit Markets Aid Shaky Florida Hurricane Insurance Fund
Apr 16 2009 // Gov. Charlie Crist and the Florida Cabinet received a bit of encouraging news this week about the state’s tenuous hurricane catastrophe fund. The head of the agency responsible for Florida’s investments told...
Florida’s Patriot Forms Private Label Workers’ Compensation Unit
Apr 15 2009 // Fort Lauderdale-based wholesale insurance broker Patriot Risk Management, Inc. has formed Patriot Underwriters, Inc. to help expand its insurance distribution and policyholder services business. Patriot Underwriters will...
Chubb Alters Wind Coverage Offer in Southern Florida Coastal Counties
Apr 15 2009 // Chubb Personal Insurance has notified its agents it is no longer including wind coverage in Masterpiece homeowners insurance policies for new customers in 14 Southeast and Southwest coastal counties in Florida. The...
Feds Probe Cause of Deadly Explosion in Florida
Apr 10 2009 // A federal board investigating an explosion at Jacksonville’s T2 Laboratories are trying to determine whether the accident that killed four workers and injured 33 was an extraordinary mishap or a disastaer waiting to...
Florida Takes Over Coral Insurance; Security First, MacNeill Step In
Apr 10 2009 // Leon County Circuit Court Judge P. Kevin Davey ordered the Hollywood-based Coral Insurance Co., a residential property insurance provider in Florida, into receivership for the purpose of rehabilitation. The Department of...
U.S. Lawmakers Seek Ban on Tainted Chinese Drywall
Apr 10 2009 // U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed legislation for a recall and immediate ban on tainted building products from China, as more and more people around the country are reporting problems...
Flooding Threatens Florida Homes
Apr 9 2009 // Officials say flooding has damaged or destroyed 106 homes in north Florida and the Panhandle and they’re warning residents in the Suwannee River valley to expect more overflows. Portions of U.S. Highway 90,...
Florida Lawmaker Chides Lobbyist during Committee
Apr 8 2009 // A hurricane insurance bill that would help Florida reduce its multibillion-dollar exposure in the state’s tenuous insurance market moved through a Senate committee Monday — with sparks flying. The Senate...
