Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Fla. Auto Fraud Taskforce Adds Second Prosecutor; Suggests Reforms
Feb 3 2006 // More manpower and legislative remedies are the answer to combating auto insurance fraud according to Tom Gallagher, Florida’s CFO. He announced the appointment of a second prosecutor, dedicated to putting criminals...
Fla. CPCU Speaker Outlines Certificates of Insurance Terms, Provisions
Feb 2 2006 // “Certificates of Insurance: The Second Most Dangerous Piece of Paper,” including specifics about various insurance contract terms and provisions, and what to do and not to do with certificates of insurance were...
Fla. Committee Recommends More Study; Releases ‘Quick-Check’ Guides
Feb 2 2006 // Florida’s Standard Personal Lines Committee has recommended to the Florida Legislature that a task force with extensive insurance knowledge regarding the legalities of insurance contracts and actuarial support should...
I.I.I. Says Nearly 70% of Katrina Homeowner Claims Settled in Louisiana, Mississippi
Feb 2 2006 // Homeowners insurers have settled nearly 70 percent of claims from Hurricane Katrina in Louisiana and Mississippi, according to the Insurance Information Institute (I.I.I.). The I.I.I. estimated that more than 732,000...
Allstate Earnings Drop 9% on Hurricane Damages from 3 Storms
Feb 2 2006 // Insurer Allstate Corp. says it has settled about 75 percent of the property claims and nearly all auto claims stemming from Hurricanes Katrina, Rita and Wilma. But the company cited Wilma, which battered south Florida in...
National Hurricane Director to Speak at Windstorm Conference
Feb 1 2006 // National Hurricane Center Director Max Mayfield and former NFL Player Danny Wuerffel will be among the keynote speakers sharing their experiences of last year’s hurricane season at the Seventh Annual Windstorm...
AIA: Unprecedented Fla. Credit Rule Could Hurt Insurance Consumers
Feb 1 2006 // The use of credit information in underwriting and rating Florida homeowners and auto insurance policies is now threatened by yesterday’s approval of a rule governing insurers’ use of credit-based insurance...
Florida Condo, Carrier Reach Hurricane Repair Agreement
Feb 1 2006 // Southern Family Insurance representatives have met with 200 Century Village condominium owners in Boca Raton, Fla. and agreed to pay for extensive hurricane repairs including the replacement of five roofs. Bob Goolman,...
Hearings, Town Hall Meetings Slated to Discuss Citizens Rate Hikes
Feb 1 2006 // During two public hearings today South Florida homeowners will have a chance to voice their concerns about Citizens Property Insurance Corp.’s rising insurance rates. One hearing began at 10 a.m. Wednesday morning...
Task Force Considers Grants for Home Fortification in Florida
Jan 31 2006 // Capping coastal home insurance coverage at $1 million and providing grants for home fortification against hurricanes are among suggestions proposed for Citizens Insurance, Florida’s property insurer of last resort. A...
Florida League of Cities Announces Insurance Initiative
Jan 30 2006 // The Florida League of Cities has announced a new insurance initiative called The Alliance. This partnership provides Florida public entities with a wide array of insurance coverages and service options that will enable...
Florida Didn’t Make Sure Hurricane Payments Were Legit
Jan 30 2006 // Florida officials didn’t confirm the legitimacy of some hurricane claims before it paid out more than $150 million as part of an agreement to share the cost with Washington, a state audit has found. As part of a deal...
Fla. CFO to Reform Premises Liability Rule, Fix ‘Broken Civil Justice System’
Jan 27 2006 // A lack of meaningful tort reform in Florida has added unnecessary expenses to the insurance and healthcare industries in Florida, CFO Tom Gallagher told the Coral Springs, Fla. Chamber of Commerce Board of Trustees. One of...
Windstorm Conference Speaker Bailey Predicts Wind vs. Flood Suits Won’t Succeed
Jan 25 2006 // The controversy over litigation about wind vs. flood damage and what could happen in the market place and to the industry if Mississippi Attorney General James Hood and attorney Richard ‘Dickie’ Scruggs are...
Fla. Property Insurance Reforms Described by CFO Gallagher
Jan 24 2006 // Solutions to strengthen Florida’s property insurance market were described by CFO Tom Gallagher during an address to the Windermere Rotary Club in Orlando, Fla. Last year, in the wake of two unprecedented hurricane...
Fla. Office of Insurance Issues Consent Order Against 10 AIG Companies
Jan 23 2006 // The Florida Office of Insurance Regulation has issued a Consent Order requiring 10 AIG Companies to transmit financial data required by statute, to pay administrative fines and costs of more than half a million dollars and...
Florida Candidates for Governor Pledge to Solve Citizens Problems, Add Insurers
Jan 23 2006 // Solving Citizens Property Insurance Corp.’s problems, encouraging new insurers to enter the Florida market and lowering property insurance rates were debated by candidates for governor of Florida during a Jan. 20...
Commissioner Cites Adverse Affects of Artificially Suppressed Florida Markets; Comments on Election Suggestion
Jan 23 2006 // Florida is experiencing artificially suppressed markets and insurance rates, which is not a long-term solution for the insurance problems the state is encountering, according to Kevin McCarty, insurance...
Caught in the middle
Jan 23 2006 // State legislatures are meeting, or will soon meet in most southeastern states to consider insurance proposals, many of which attempt to regulate the industry and prepare for the 2006 hurricane season. Associations in...
FLA. SUNCOAST CHAPTER OF CPCU TO EMPHASIZE CE, SPEAKERS
Jan 23 2006 // Increasing participation in continuing education events and presenting interesting monthly events are the 2006 goals of the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters, according to Susan...
