Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Not Buying Reinsurance for La. Cost Allstate $2 Billion
Aug 8 2006 // Allstate Insurance Co. bought reinsurance to cover some of the cost of policies all along the East Coast last year, but not for Louisiana – a gamble that cost it $2 billion in claims. The company’s models did...
Three Arrested for Staging Florida PIP Fraud Accidents
Aug 8 2006 // Three individuals, including a father and daughter have been arrested and face felony charges stemming from staged accidents and $40,000 in fraudulent auto insurance billings according to Tom Gallagher, Florida’s...
Companies step up to take Texas Select policyholders
Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...
Excess flood insurance — when the federal plan isn’t sufficient
Aug 7 2006 // The lessons learned from Katrina and Rita and predictions of a future with bigger and stronger storms highlight more than ever the importance of flood insurance, even in locations where it was previously thought...
Florida offers grants to encourage hurricane damage mitigation
Aug 7 2006 // Florida’s Department of Financial Services is working out the details of a program offering grants of up to $5,000 to homeowners who take steps to mitigate hurricane damages. Individual matching grants of up to...
Over-prescribing doctor tops Florida list of 10 ‘costliest, boldest’ scammers
Aug 7 2006 // The Florida Department of Financial Services has released its “Top-10 Fraud List,” summarizing the 10 costliest or boldest scams investigated resulting in convictions from July 1, 2005 to June 30, 2006:...
Florida moving ahead with commercial lines reinsurance pool
Aug 7 2006 // Florida is moving to reactivate a state-run reinsurance pool for commercial lines insurance to help businesses obtain insurance. The Commercial Joint Underwriting Association (JUA) is intended to provide property insurance...
Citizens agrees to renew, write new builder’s risk coverage in Florida
Aug 7 2006 // Citizens Property Insurance Corp. has reversed a June decision to cancel its builder’s risk program and agreed to renew existing builder’s risk policies and write new policies in Florida until the end of the...
Vesta liquidation by Texas felt from Florida to Mass.
Aug 7 2006 // Some 70,000 Florida, 150,000 Texas, 5,200 Massachusetts and 11,000 New Jersey policyholders are among those affected by the liquidation of Vesta Fire Insurance Co. and its subsidiaries. Texas regulators placed the company...
Hawaii obtains reinsurance to take control of Vesta subsidiary
Aug 7 2006 // Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously...
Wagging the dog
Aug 7 2006 // Reinsurance woes send primary carriers scrambling Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes...
Get your motor runnin’ – not stolen
Aug 7 2006 // California topped the nation in motorcycle thefts in 2005, according to the National Insurance Crime Bureau, but Texas had the dubious honor of coming in third place, with Florida falling in between the two as the state...
News Currents
Aug 7 2006 // Companies step up to take Texas Select policyholders Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the...
Hawaii obtains reinsurance to take control of Vesta subsidiary
Aug 7 2006 // News Currents Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as...
Wagging the dog
Aug 7 2006 // Until recently the reinsurance world was a galaxy far, far away. That changed after the 2000 stock market crash, the Sept. 11 attacks and, more recently, the hurricanes that struck Florida, New Orleans, Texas and other...
Growth in retail shopping centers a boon for insurance brokers
Aug 7 2006 // When the going gets tough, the tough go … shopping! Judging by the 18 percent increase in the development of retail shopping centers in the United States in 2005 over 2004, that tongue-in-cheek adage has more than a...
Florida to Restart Commercial Reinsurance Pool
Aug 1 2006 // Florida officials authorized a reactivation of a reinsurance pool for commercial lines insurance to help businesses obtain insurance. The Commercial Joint Underwriting Association (JUA is intended to provide property...
Fla. Gov. Bush Eyes State Pool for Commercial Lines
Jul 30 2006 // Florida Gov. Jeb Bush is considering a state-run reinsurance pool or joint underwriting pool to help businesses that can’t get policies from private insurers, saying that if companies can’t get coverage, it...
Ethics Panel Hits Fla.’s Gallagher Over Insurer Stock Holdings
Jul 30 2006 // The ethics commission determined last Friday that Republican gubernatorial candidate Tom Gallagher may have violated ethics laws because he owned stock in two insurance companies while regulating the industry. The...
Hazard Mitigation Grant Money Bolstering Fla. Improvement Projects
Jul 27 2006 // Manatee County, Fla. is installing state-of-the-art hurricane shutters on facilities responsible for treating and testing the county’s water supply; while Leesburg, Fla. in Lake County, is placing windproof hurricane...
