Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida’s Citizens Opens Emergency Operations Center
Aug 19 2008 // Citizens Property Insurance Corp. opened a mobile response location in Naples to serve Floridians dealing with the aftermath of Tropical Storm Fay. The center is open until 6 p.m. today (Aug. 19) and will operate from 8...
Florida Farm Bureau to Re-file its Homeowners Rates
Aug 18 2008 // Florida Farm Bureau will withdraw its rate filing and prepare a new rate filing to address any and all of Florida regulators’ concerns, according to a company announcement. The Florida Office of Insurance Regulation...
UPDATE: Tropical Storm Fay Remains on Course for Florida
Aug 18 2008 // As of 11:00 a.m. EDT the center of Tropical Storm Fay was about 70 Miles (115 kms) south-southeast of Key West Florida and about 65 miles (103 kms) east-northeast of Havana Cuba. Florida’s governor has declared a...
Florida Financial Chief Urges Storm Preparedness
Aug 18 2008 // Florida Chief Financial Officer and State Fire Marshal Alex Sink urged Floridians to continue to monitor and prepare for Tropical Storm Fay including taking the necessary financial and fire safety precautions to weather...
ReAdvisory Issues Analysis of Fay as she Approaches Florida Mainland
Aug 18 2008 // In a report issued Aug. 17, ReAdvisory, a modeling and risk assessment service of reinsurer Carvill America Inc., said Tropical Storm Fay became the sixth named storm of the 2008 hurricane season early on the evening of...
Tropical Storm Fay Crosses Cuba; Heading for Florida
Aug 17 2008 // Miami’s National Hurricane Center is closely tracking Tropical Storm Fay, as it passes over Cuba. Storm warnings are in effect for most of the island, as well as the Cayman Islands The NHC reported early Sunday...
Fay Threatens Florida, Governor Takes Preemptive Measures
Aug 17 2008 // As Tropical Storm Fay takes aim at the Florida Keys and the the Gulf-side Florida mainland, Gov. Charlie Crist declared a statewide state of emergency. The executive order, penned on Aug. 16, activates the Florida National...
Florida-based Brown & Brown Acquires Reed Brothers Assets
Aug 15 2008 // A subsidiary of Florida-based Brown & Brown Inc. acquired the assets of Reed Brothers Insurance Group Inc., of Columbia, Kentucky and Tampa, Florida, according to officers of the companies. Reed Brothers Insurance...
Florida Gov. Appoints 2 to Citizens Board of Governors
Aug 15 2008 // Florida Gov. Charlie Crist appointed two new members to Citizens Property Insurance Corp.’s Board of Governors. Sherill W. Hudson, 65, of Coral Gables, succeeds G. Bruce Douglas. Hudson is chief executive officer for...
Florida Insurance Commissioner and Allstate Resolve Pending Litigation
Aug 15 2008 // Florida Insurance Commissioner Kevin McCarty announced that the Office of Insurance Regulation reached a limited agreement with the Allstate Companies. The agreement includes a $5 million fine to resolve the ongoing issues...
Florida Insurer Groups Align to Educate Public, Media
Aug 14 2008 // Professional Insurance Agents of Florida and the Florida Insurance Council have agreed to work together to form an agent/insurance company alliance aimed at educating the public and the media on insurance matters. PIA...
Florida Regulators May Reject State Farm Rate Increase
Aug 14 2008 // A State Farm rate increase appears in jeopardy after regulators grilled company officials for hours about a request to jack up rates in Florida by 47.1 percent. Florida’s insurance consumer advocate office told...
Florida-based AmCOMP Reports 2nd Quarter 2008 Financial Results
Aug 8 2008 // North Palm Beach, Florida-based AmCOMP Inc. announced results for the second quarter of 2008. For the second quarter of 2008, net income was $2.1 million compared to net income of $5.5 million for the second quarter of...
A.M. Best Rates Florida-based PURE Group of Insurance Companies
Aug 8 2008 // A.M. Best Co. assigned a financial strength rating of A- (Excellent) and issuer credit ratings of “a-” to The PURE Group of Insurance Companies and its members: Privilege Underwriters Reciprocal Exchange and...
Florida Launches Updated Web Site for Homeowners Insurance Shoppers
Aug 7 2008 // Florida Gov. Charlie Crist and Insurance Commissioner Kevin McCarty launched the updated www.ShopAndCompareRates.com Web site. The two offices activated the free, online tool in July 2007 to assist consumers looking to...
Ratings Roundup: ASI Preferred, Preserver
Aug 6 2008 // A.M. Best Co. has assigned a financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” to Florida-based ASI Preferred Insurance Corporation, following the inclusion...
Legal, Home Safety Groups in Florida Clash over FLASH
Aug 5 2008 // If you need help strengthening your home against hurricanes or other disasters, just call FLASH. If you’re a Florida homeowner and need free legal aid to avoid foreclosure, you can call another FLASH. The first FLASH...
Florida Farm Bureau’s Proposed Rate Hike Meets Disapproval
Aug 5 2008 // Florida Insurance Commissioner Kevin McCarty said the Office of Insurance Regulation issued a notice of intent to disapprove the June 20 rate filing submitted by Florida Farm Bureau Insurance Companies – Farm Bureau...
Surplus Market Snapshot: Business Rides the Market Tides
Aug 4 2008 // Some Lines of Business Down But Not All; More Large Firms Going Directly to Foreign Insurers The people who run the Florida Surplus Lines Service Office are smack dab in the middle of the action and can see better than...
Reducing the Risk in Florida Surplus Lines
Aug 4 2008 // Build Relationships, Advises FSLA Board Member O’Leary Like trapeze artists performing without a net, surplus lines specialists operate without the backing of the state guaranty fund, which picks up the pieces for...
