Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Tom Gallagher, Florida CFO
Apr 17 2006 // Arrests, along with laws passed in 2003 that created tougher penalties for workers’ compensation fraud, have pushed workers’ compensation premiums down for three consecutive years. Florida Fraud Fla. pursues...
Kentucky psychiatrist sentenced
Apr 17 2006 // Fraud Roundup Imposter arrested ‘playing dentist’ A Miami-Dade County man was arrested for practicing dentistry without a license and submitting fraudulent Medicaid claims, according to Florida’s Attorney...
Cheers and applause rang out from morethan 120 FAIA members the Florida Senate’s action was announced. The bill elimi
Apr 17 2006 // News Currewnts Independent agents score a victory on SB 2006 Florida Legislature repeals joint and several liability for proportionate liability Independent insurance agents scored a victory in the Florida Legislature...
Critics allege wind modelers influenced by insurers
Apr 17 2006 // News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and are designed to justify...
Critics allege hurricane risk modelers influenced by insurers
Apr 17 2006 // News Currents Risk Management Solutions, Newark, Calif., has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific, and that they...
Fla. Group Applauds Spring Legislative Proposals
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has applauded House and Senate leaders for proposals supporters believe will help entice capital into...
Summation of Insurance-Related Bills Speeding Through Fla. Legislature
Apr 14 2006 // With Spring meetings of the Florida Legislature coming to an end in Tallahassee in May, the Florida Insurance Council has summarized insurance-related bills now being considered in the House and Senate. Sam Miller,...
L.A. Broker Arrested for Allegedly Pocketing $381,000 in Premiums
Apr 14 2006 // A former Los Angeles insurance broker has been arrested for allegedly pocketing $381,966 in liability insurance premiums from clients. The California Department of Insurance arrested Bernard Warschaw, 78, on an extradition...
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...
