Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Insurers refute Fla. Gov. Crist’s ‘broken promises’
Jul 23 2007 // Insurance companies have taken exception to a reported accusation by Florida Gov. Charlie Crist that the insurance industry has broken its promises to lower rates. In the July 3, 2007, edition of the South Florida...
Fla. CFO Sink halts department’s disposal of consumer complaint records
Jul 23 2007 // A Florida agency has stopped disposing of records related to consumer disputes with insurance companies after lawyers and open records advocates decried the loss of a wealth of information that could be used to hold the...
Florida’s workers’ comp trust fund coffers overflowing with cash
Jul 23 2007 // It’s almost unheard of for a state to try to stave off positive cash flow, but for its overstuffed workers’ compensation trust fund, that’s what Florida is doing. With more than three times the amount of...
The tale of two states
Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...
The tale of two states
Jul 23 2007 // For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated...
Congress gets serious about surplus lines insurance reform
Jul 23 2007 // Insurance regulatory reform efforts on Capitol Hill took a giant leap forward with the recent House passage of HR 1065, the Non-Admitted and Reinsurance Reform Act of 2007. Sponsored by Rep. Dennis Moore, D-Kan., and Rep....
Few Families Accept Florida Contaminated Land Buyout
Jul 20 2007 // Federal officials have offered to buy dozens of homes built near a Superfund site in Pensacola, Fla., but only a handful of families have taken offers. The six families that have agreed to sell their homes are among 55...
Tenn. Annuity Dealer in Receivership, Florida Follows Up
Jul 18 2007 // Following up on a warning she issued in April, Florida Chief Financial Officer Alex Sink is now advising Florida consumers who made annuity transactions with the unauthorized Tennessee-based National Foundation of America...
Borrowing Money Likely Option for Florida Catastrophe Fund
Jul 18 2007 // Florida officials said Monday they are considering borrowing as much as $5 billion to make sure the Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane. The state Board of...
Insurance Broker to Reimburse Floridians $2.6 Million
Jul 17 2007 // While denying wrongdoing, Willis Group Holdings Ltd., a national insurance broker, agreed to reimburse $2.6 million to multiple Florida cities and counties, according to state officials. Florida Chief Financial Officer...
Fla. CFO Paints Scenario of Post No-Fault Auto Insurance
Jul 17 2007 // After several weeks of analysis, Chief Financial Officer Alex Sink sent Gov. Charlie Crist, Senate President Ken Pruitt, House Speaker Marco Rubio and other legislative leaders a letter outlining potential implications of...
Florida Artist Creates Sculptures to Expose Road Debris Hazard, Liability
Jul 16 2007 // Created from pieces of pipe, sheet metal, plastic buckets and traffic barricades found on Florida roads, Ken Andexler’s sculptures have a pointed message: Road debris is dangerous, and it’s everywhere. The junk...
Partnership Presents More Options in Florida Market
Jul 11 2007 // J. Rolfe Davis, insurance advisor for companies throughout Florida, announced a business alliance with Alltrust Insurance a TampaBay-based independent insurance agency specializing in employee benefits. John Turner,...
Fla. Commissioner Issues Cease & Desist Order to Unlicensed Viatical
Jul 11 2007 // Florida Insurance Commissioner Kevin McCarty issued a Cease and Desist Order to Great West Growth, LLC of Minneapolis, Minnesota ordering Great West Growth to cease operating as a viatical settlement provider in...
Small Plane Crashes into Florida Neighborhood
Jul 11 2007 // A small plane trying to make an emergency landing crashed into a suburban Orlando, Fla., neighborhood Tuesday morning, starting two house fires and injuring at least three people, authorities said. Both homes were largely...
Sink: Fla. Workers’ Comp Rates to be Cut in Half Next Year
Jul 10 2007 // While Florida business owners may still be struggling with high property insurance costs, another major business expense will go down next year: workers’ compensation assessment rates are set to be cut in...
Hydrant Problems Hampered Efforts to Save Florida Church
Jul 10 2007 // Trouble with fire hydrants in Freeport, Fla., hampered efforts to save a burning church, firefighters said. Firefighters used water from a nearby retention pond to fight the June 6 fire at New Beginnings Church in Freeport...
Insurer Group Refutes Fla. Gov. Crist’s Claim of ‘Broken Promises’
Jul 6 2007 // Insurance companies have taken exception to a reported accusation by Florida Gov. Charlie Crist that the insurance industry has broken its promises to lower rates and help restore the state’s private property...
Fla. CFO Cuts State’s Workers Comp Charge to Insurers
Jul 5 2007 // Florida Chief Financial Officer Alex Sink ordered a 50 percent cut in the 2008 Workers’ Compensation Administration Trust Fund assessment rate. The reduction is projected to result in as much as $19 million in...
News Briefs
Jul 2 2007 // Insurer United P&C ordered to refund Florida homeowners Florida Insurance Commissioner Kevin McCarty is requiring United Property & Casualty Insurance Co. to refund millions of dollars in unapproved...
