Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
S&P: Allstate’s Ratings Unaffected by Florida Suspension
Jan 17 2008 // Standard & Poor’s Ratings Services said today that news reports (See IJ web site) about the suspension issued to Allstate Corp. (ALL) by the Florida Insurance Commissioner that prohibit some of the companies...
Fla. Insurance Commissioner Says Allstate Uncooperative, Stops Hearing
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty abruptly halted the scheduled two-day hearing Tuesday into Allstate Companies’ reinsurance program, their relationships to risk modeling companies, insurance rating...
Florida Blocks Allstate Insurance from Writing New Business in State
Jan 16 2008 // Florida Insurance Commissioner Kevin McCarty suspended the certificate of authority of Allstate Companies to write new property insurance in Florida until the company fully complies with the subpoenas served Oct. 16 by his...
Fla. Senate ‘Invites’ 5 Insurance Co. Execs to Provide Sworn Testimony
Jan 16 2008 // The Florida Senate Select Committee on Property Insurance Accountability sent letters to five property and casualty insurance company executives Tuesday requesting their presence in Tallahassee on Feb. 4 and Feb. 5 to...
Allstate Responds to Fla. Insurance Commissioner’s Regulatory Actions
Jan 16 2008 // In a written statement responding to the Florida Insurance Commissioner suspending Allstate’s certificate of authority Wednesday, the insurer said it is committed to working diligently with the Office of Insurance...
Fla. Regulator Vows Enforcement of 2007 Law, Insurers Weigh In
Jan 15 2008 // Florida’s requiring that insurance company executives testify publicly about why their property insurance rates have not gone down proves the state is serious about its efforts to make property insurance available...
Fla. Gov. Crist Weighs Suing Property Insurers Over Rates
Jan 13 2008 // Gov. Charlie Crist has asked three trial lawyers to review documents for a possible class-action lawsuit against property insurers, alleging that the industry hasn’t passed on savings to consumers as required by...
Declarations
Jan 13 2008 // Frankel-y Speaking “I consider the role the Mississippi Insurance Department has played in bringing Mr. Frankel and his co-conspirators to justice to be one of the finest accomplishments during my time in...
Travelers Settles With States Over brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Travelers Settles With States Over Brokers’ Contingent Commissions
Jan 13 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys...
Dramatic Changes in State Building Trends Could Prompt Rise in Losses
Jan 13 2008 // As the financial and housing markets continue to work their way through the fallout of the mortgage lending meltdown, the construction sector faces its share of woes. But as is typically the case, specific conditions —...
19 Surrender in Ongoing Florida Drivers License Scam Investigation
Jan 11 2008 // Florida officials arrested 19 additional Floridians accused of fraudulently obtaining Florida commercial driver licenses (CDLs). Those arrested this week surrendered, some calling in response to initial arrests on Jan. 4....
Fla. Report: Workers’ Comp Rates Reduced 5 Times in 5 Years
Jan 8 2008 // On New Year’s Eve, the Florida Office of Insurance Regulation released its annual report on the state of the market for workers’ compensation insurance to the Florida Legislature. The report analyzes the...
Insurance Application and Drivers License Fraud Lead to Arrests in Fla.
Jan 7 2008 // Florida officials arrested seven Floridians accused of posing a risk to Florida’s and the nation’s security by fraudulently obtaining Florida Commercial Driver Licenses. The investigation is ongoing and...
Travelers Settles with States over Brokers’ Contingent Commissions
Jan 3 2008 // The Travelers Cos. Inc. will pay $6 million to settle investigations in 9 states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in...
Top Insurance Stories in 2007 in Southeast
Dec 31 2007 // High heat, changing winds put reputations on the line. 1. Florida’s gamble “It’s all about rates,” maintained Sam Miller, of the industry’s Florida Insurance Council. Florida lawmakers in...
No-Fault Auto Insurance Requirement Back in Force in Florida Jan. 1
Dec 31 2007 // Florida drivers will have personal injury protection coverage added to their policies Jan. 1 as the state returns to a no-fault system after a three month break. Most people won’t have to do anything to comply with...
Florida Rejects Travelers’ Homeowners Insurance Rate Increase
Dec 27 2007 // A proposed 4.6 percent average statewide increase for homeowners insurance by The Travelers Companies Inc., was rejected last week by Florida’s insurance commissioner. Kevin McCarty notified Travelers that its...
Tornadoes Take Their Toll
Dec 23 2007 // While hurricanes stayed away, tornadoes did not. Powerful tornadoes killed at least 20 people and left a swath of central Florida in shambles in early February. It was the second-deadliest tornado in Florida history....
Declarations
Dec 23 2007 // The Worst Storm “This is without question the worst ice storm in state history, and it will require a historic response from all levels of government.” —Oklahoma Gov. Brad Henry, following severe ice storms...
