Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
What Retail Agents Need to Know to Access Florida Surplus Lines
Aug 4 2008 // 10 +1 Questions of Advice for Agents Thinking of Sticking Their Toes into Florida’s Surplus Lines Waters Gary Pullen, executive director, and the staff of the Florida Surplus Line Service Office supplied answers to...
It Figures
Aug 4 2008 // $41 Million The amount Florida residents saved last year thanks to a 10-day sales tax reprieve on back-to-school and hurricane supplies. They will not see similar savings this year because the temporary suspension of the...
Declarations
Aug 4 2008 // Reasonable Care “In short, there is no allegation that any Delta employee failed to exercise reasonable care in the performance of his/her duty in any manner in respect to Flight No. 5191.” —U.S. District...
State Farm: 47.1% Florida Hike
Aug 4 2008 // State Farm Florida Insurance Co. filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation. Ed Domansky, spokesperson for the OIR, said a public hearing will be held...
Business Moves
Aug 4 2008 // Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty...
Florida-based Homeowners Choice Announces Initial Public Offering
Aug 1 2008 // Homeowners Choice Inc., based in Clearwater, Florida, announced that it has completed an initial public offering of 1,666,668 units, each consisting of one common share and one warrant, at a price of $7.00 per unit. Two...
Florida, Berkshire Hathaway Strike $224 Million Deal on Insurance Fund
Jul 31 2008 // Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund. Gov. Charlie Crist and...
Florida Installs New Citizens Insurance Board of Governors Chairman
Jul 25 2008 // Florida Chief Financial Officer Alex Sink announced the appointment of James R. Malone as chairman of the Board of Governors for Citizens Property Insurance Corp., effective August 1. State-backed Citizens is the largest...
Florida Insurance Commissioner Praises Mandatory Arbitration Ban
Jul 23 2008 // Florida Insurance Commissioner Kevin McCarty welcomed the First District Court of Appeal’s decision affirming the Office of Insurance Regulation’s denial of United Insurance Company of America’s request...
Tokio Marine to Acquire Philadelphia Insurance for $4.7 Billion
Jul 23 2008 // Japan’s Tokio Marine Holdings, Inc. reported that it has agreed to acquire all outstanding shares of Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and...
Florida-based North American Risk Services Buys Unisource Tallahassee
Jul 22 2008 // Headquartered in Maitland, Florida, North American Risk Services purchased the Tallahassee divisional assets of Unisource Administrators from Claimetrics Inc. NARS is a national provider of property and casualty...
Florida-based Brown & Brown Reports 3.6% Gain in Fees and Commissions
Jul 18 2008 // Florida-based Brown & Brown Inc. announced that its total commissions and fees revenues for the second quarter of 2008 increased 3.6 percent over the second quarter of 2007. The company’s net income for the...
Florida Air Controllers File Injury Reports, 5 Sue over Chemical Exposure
Jul 17 2008 // Five Florida air traffic controllers are suing roofing contractors claiming they lost their jobs after being unable to work because of toxic chemical exposure. The five employees, Barbara Cooper, Shawn Fields, Dan Kersh,...
State Farm Files Average 47.1% Increase in Florida Homeowners Coverage
Jul 17 2008 // State Farm Florida Insurance Co., a Florida-only property insurance company, filed an average 47.1 percent homeowners insurance rate increase with the Florida Office of Insurance Regulation on July 16. Ed Domansky,...
Florida Gov., Insurance Chief Discuss Reinsurance with Lloyd’s of London
Jul 15 2008 // Florida Gov. Charlie Crist met with Lord Levene, the chairman of Lloyd’s of London, to discuss reinsurance issues in Florida, as well as Lloyd’s climate change initiatives. The meeting took place during the...
Economic Downturn Dooms Florida Hurricane Supplies Tax Break
Jul 14 2008 // Economic woes have forced Florida lawmakers to ax a pair of popular tax breaks as parents prepare to return their children to school next month and the state readies itself for hurricane season. Prompted by dismal revenue...
Florida Property Insurer Offers Boat Insurance to Members
Jul 9 2008 // Florida-based PURE Risk Management recently launched an insurance program for personal boaters called PURE Watercraft Insurance. PURE provides hull coverage, including coverage for windstorm, on an agreed-value basis, and...
Texas-based SureTec Opens Florida Office, Names Vice President
Jul 8 2008 // Houston, Texas-based underwriter, SureTec, named Jay Edenfield as vice president in charge of southeast operations in its new Tampa office. Edenfield has over 25 years of surety experience and worked as chief surety...
New Web Site Provides Information on Florida’s Property Insurance Issues
Jul 8 2008 // The Florida Catastrophic Storm Risk Management Center launched a comprehensive Web site (www.stormrisk.org) designed to serve as a one-stop shop for citizens, policy makers, the media and others seeking to learn about...
Florida Approves $224 Million Plan to Bolster State Catastrophe Fund
Jul 7 2008 // Florida residents might see an increase in property insurance rates because of a plan to bolster the Florida Hurricane Catastrophe Fund. State officials last week approved a plan to spend $224 million so that the state can...
