Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
State-Run Wind Coverage Proposal Would Hurt Florida Consumers
Apr 12 2006 // The problems in the Florida homeowners insurance market will not be solved by the “overly simplistic” idea of establishing a state-run wind coverage program as proposed by Americans for Insurance Reform,...
Florida Group Asks Members to Voice Their Opinion on the Federal Charter
Apr 12 2006 // The Florida Independent Insurance Agents have responded with a call to action in which it asks its members to make their opinions heard in Washington about Federal Charter Legislation proposed by the U.S. Senate. “On...
Florida Senate’s Insurance Fix Hinges on Changes to Citizens
Apr 10 2006 // Owners of homes worth more than $1 million could continue to get hurricane coverage from state-run Citizens Property Insurance until 2011, but would pay a 25 percent surcharge for their coverage under a measure approved...
Consumer Group’s Report Proposes Take-Over of Fla. Wind Coverage
Apr 10 2006 // New York-based Americans for Insurance Reform has released a report calling for the complete removal of the private sector from the hurricane insurance business in Florida. AIR has called on Florida’s Legislature to...
Fla. Senate Looks for Ways to Solve Property Insurance Problems
Apr 7 2006 // With thousands of Floridians reeling from huge property insurance premium spikes as yet another hurricane season approaches, a Senate panel began discussion Wednesday of ways to fix what many say is a broken hurricane...
Fla. Insurance and Banking Committee Considering Sinkhole Relief Act
Apr 6 2006 // SB 286, the Sinkhole Relief Act, which authorizes the Florida Department of Financial Services to act as a mediator in sinkhole disputes, was submitted April 5 to the Senate Insurance and Banking Committee by Sen. Mike...
Atlantic Preferred to Drop 140,000 Florida Policyholders
Apr 6 2006 // A large insurance company plans to begin canceling coverage for 140,000 Florida homeowners this summer, less than two months after the start of hurricane season. Atlantic Preferred Insurance Co. will begin dropping the...
Supreme Court Justices to Monitor Class Action Over Driver Privacy
Apr 3 2006 // Supreme Court Justices Antonin Scalia and Samuel Alito said last week they were concerned that an insurance company could be forced to pay billions of dollars for buying Florida residents’ vehicle records. Justices...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
Business Moves
Apr 3 2006 // Shareholders of Lincoln National Corp. approved its $7.5 billion acquisition of rival Jefferson-Pilot Corp. The combined company, with 2004 revenue of $9.5 billion, will be headquartered in Philadelphia. Eastern buys...
Editor’s Note: Score ONE for Insurance Regs
Apr 3 2006 // While the OIR scored a point and put the bad guys out of business, agents should realize there are still a lot of other bad-guys out there. Before you sign on to represent any carrier and sell its products, check the...
Fla. AG Crist files complaint against Marsh
Apr 3 2006 // Marsh is alleged to have violated Florida’s antitrust laws, Chapter 542, Florida Statutes, as well as the RICO Act. Florida’s antitrust laws allow fines of $1 million per corporate violation. The RICO Act and...
8 Poe/Southern Family changes its Florida underwriting
Apr 3 2006 // Won’t renew or insure new homeowners of commercial policies 8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer 8 Florida AG files complaint against...
Closer Look: Auto Fraud
Apr 3 2006 // PIP case referrals to state fraud fighters have soared 327 percent from 2002-2003 to 2004-2005. Actual street arrests have grown nearly 75 percent, and cases sent for possible prosecution have soared nearly 50 percent,...
have to be destroyed, howmany more lives have to be
Apr 3 2006 // City have the same protections as the people in Miami who have stronger building codes in place?” Legislative Update Stronger building codes called for in Florida Panhandle Residents in Florida’s Panhandle will...
Sirius Intl. withdraws its Fla. license application
Apr 3 2006 // This action came on the heels of a Notice of Denial, issued by the Florida Department of Financial Services on March 7, of an application for licensure as a managing general agent filed by International Medical...
Poe/Southern Family changes Fla. underwriting
Apr 3 2006 // News Currents Poe Financial Group has notified Florida agents for thousands of policyholders that its South-ern Family Insurance Company will no longer renew or insure new homeowner or commercial lines business. The...
Risk Management Solutions predicts hurricane activity to increase losses by 40 percent
Apr 3 2006 // Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast,...
PIP Bill Moves on to Florida Senate Healthcare Committee
Mar 31 2006 // After revising a bill to extend the Florida no-fault auto insurance system to remove a proposed medical fee schedule, the Senate has passed it on to the Healthcare Committee for further consideration. Members of the...
Fla. Delegation to Discuss Key Issues, Attend Washington, D.C. Summit
Mar 31 2006 // The Professional Insurance Agents of Florida has announced that a seven-member delegation including Mark O’Connell, president, will participate in PIA’s 2006 Federal Legislative Summit and voice their opinions...
