Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Business Moves
Sep 3 2007 // Citi, BISYS Citi completed its previously announced acquisition of The BISYS Group Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction BISYS shareholders will receive merger consideration of...
News Currents
Sep 3 2007 // Fla. yanks teachers’ liability plan Florida’s public school teachers are returning to their classrooms this month with one less protection from the state. Since 2001, Florida has provided all public school...
8 Florida insurers, politicians at
Sep 3 2007 // odds over rate filings Insurers not delivering rate cuts that politicians promised 8 Southern governors battered by coastal insurance issues Frustrated with lack of private market 10 Liberty Mutual and Ohio...
News Currents
Sep 3 2007 // Florida home insurers, politicians at odds over rate filings About seven months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums. It hasn’t quite turned out that way. State...
Florida Woman Charged with Selling Fake Insurance Cards
Aug 31 2007 // Florida Division of Insurance Fraud officials arrested a Tampa woman who allegedly sold fraudulent automobile coverage insurance cards. Margaret Stillings, 49, who was doing business at 4170 E. Hillsborough Ave., was...
Nationwide Dropping 40,000 Policies in Florida
Aug 30 2007 // Nationwide Insurance said this week it will reduce its catastrophe exposure in Florida by dropping more than 40,000 homeowner and commercial property policies. Nationwide will not renew about 39,000 homeowner policies and...
NCCI Proposes Reduction for Workers Compensation Rates in Florida
Aug 29 2007 // Driven by significant declines in claim frequency and improvement in loss development (i.e., claims are developing to a lower ultimate value) the National Council on Compensation Insurance is proposing that Florida...
Florida’s Catastrophe Fund Bond Sale Delayed
Aug 27 2007 // The board that invests state money is delaying a bond issue meant to shore up Florida’s backup Hurricane Catastrophe Fund, waiting until financial markets stabilize before completing the bond sale. The state Board of...
Fla. Officials Arrest Several on Insurance Fraud Schemes
Aug 21 2007 // Florida officials arrested eight individuals accused of various insurance fraud schemes including auto body damage, Personal Injury Protection, and hurricane claim fraud. Two of the arrested persons face up to 55 years in...
PURE to Include Coverage for Eligible Condominiums in Florida
Aug 16 2007 // Martin Hartley, executive vice president and chief operating officer with Privilege Underwriters Reciprocal Exchange (PURE), announced the company will expand its homeowners insurance program, including windstorm coverage,...
Best Downgrades Nationwide (Florida) Ratings to ‘B’ – Negative Outlook
Aug 15 2007 // A.M. Best Co. has downgraded the financial strength rating (FSR) to “B-” (Fair) from “B” (Fair) and the issuer credit rating (ICR) to “bb-” from “bb” of Nationwide Insurance...
U. of Fla. Researchers Halt Hurricane with Flick of Switch
Aug 15 2007 // Roaring winds top 100 mph and rains fall in heavy sheets, but Forrest Masters can stop the storm at the flick of a switch with his newly completed hurricane simulator. Masters and a group of University of Florida in...
Fla. Office of Insurance Regulation Denies Rate Filings
Aug 15 2007 // This week, the Florida Office of Insurance Regulation denied the rate requests of three companies for not substantially lowering their property insurance rates pursuant to legislation adopted earlier this...
Florida Town Bans Cowboy Boots for Police Officers after Crash
Aug 13 2007 // A Florida police officer who crashed his car into a convenience store when his cowboy boot slipped off the brake said he was embarrassed and not opposed to a new department ban on the smooth-soled footwear. “They had...
Olympus Insurance Begins Writing Homeowners Policies in Florida
Aug 13 2007 // In its application for certificate of authority filed with the Florida Office of Insurance Regulation, Orlando-based Olympus Insurance Co. disclosed $50 million in start-up capital. The OIR issued a certificate of...
Fla. Legislature Yanks Teachers’ Liability Insurance Program
Aug 10 2007 // Florida’s public school teachers are returning to their classrooms this month with one less protection from the state. Since 2001, Florida has provided all public school educators with professional liability...
Low Lake Okeechobee Levels Threaten Fla. Farmers
Aug 9 2007 // Farmers around Lake Okeechobee will face serious financial difficulties if officials can’t figure out a way to get its water level up, state Agriculture Commissioner Charles Bronson said Tuesday. He said the drought...
New Insurance Fraud Director Installed in Florida
Aug 8 2007 // A 30-year law enforcement veteran will run Florida’s Department of Financial Services Division of Insurance Fraud – a statewide agency that investigates fraud in all lines of insurance. Vicki Cutcliffe most...
It Figures
Aug 6 2007 // $5 billion The amount Florida officials said they are considering borrowing to make sure the Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane. 50,000 The number of...
Putting Florida’s rate filing and reinsurance controversy in context
Aug 6 2007 // Currently underway in Florida is a controversy over the amount of private reinsurance homeowners insurers should purchase in addition to the now expanded $28 billion in reinsurance available from the Florida Hurricane...
