Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Atlanta Conferees Suggest SAG Investigations Politically Motivated
Nov 15 2004 // David Reddick The insurance industry is the “whipping boy” of state attorneys general and state insurance commissioners, many of whom have their hopes set on throwing their hats in the 2006 governor’s...
More Fla. Companies Request Premium Hike
Nov 14 2004 // A handful of insurance companies doing business in Florida, including market leader State Farm, want to raise their average homeowners’ rates by as much as 25 percent. The requests filed with the Florida Office of...
State Farm Asks to Hike Fla. Policy Rates
Nov 12 2004 // State Farm Florida Insurance Co. has requested a 5 percent increase on all its homeowner and condominium policyholders due to what the company calls, higher costs of doing business. State Farm has more than 900,000...
CFO Gives Hurricane Response Status Report; Fla. Mediation Begins Nov. 22
Nov 12 2004 // Following a recent emergency rule setting deadlines for processing claims there have been almost 17 percent fewer calls from consumers experiencing delays when dealing with an adjuster, according to the Florida Department...
Allstate Holding Off On New Homeowner Policies in Florida
Nov 11 2004 // Allstate Corp., the largest property casualty insurer in Florida, has announced it will cease writing new homeowners’ policies in Florida until the state Legislature meets in December and decides what to do about...
21st Century Holding Co. Unveils Q3 Report
Nov 11 2004 // Florida-based 21st Century Holding Co. reported results for the quarter ended Sept. 30, 2004. For the quarter ended Sept. 30, 2004, the company reported net loss of $13,754,082, or $2.32 per share on 5,925,952 undiluted...
Fla. Investigation: Brown & Brown Says It Carefully Monitors Brokers
Nov 10 2004 // Brown & Brown Inc. is confident that twin investigations of the insurance industry by Florida officials will reveal no wrongdoing by the Daytona Beach-based company or its brokers, its president says. Jim Henderson,...
Judge Rules Against Mutual Benefits In Favor of SEC
Nov 10 2004 // A federal magistrate judge late today upheld findings by the U.S. Securities and Exchange Commission (SEC) that Mutual Benefits Corporation (MBC), the nation’s largest viatical settlement company, engaged in...
Fla. Agent Faces Charges For Misappropriating Funds
Nov 9 2004 // A Wauchula, Fla. property insurance agent who served customers in Hardee, Polk and DeSoto counties is facing several felony charges stemming from allegations that he stole insurance premiums from homeowners and never...
Mass. Insurance Chief Eyes Northeast Cat Fund
Nov 9 2004 // Part of the coastal property insurance solution for Cape Cod and other seaside communities in Massachusetts could lie beyond the state’s own borders. Massachusetts Insurance Commissioner Julianne Bowler, in remarks...
Fla. Subpoenas Marsh; Hurricane Victims Could Receive Extension
Nov 9 2004 // In an effort to obtain a better look at insurance contracts with state agencies and any impact on public dollars, Tom Gallagher, Florida Chief Financial Officer, has subpoenaed Marsh & McLennan for documents related...
Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform
Nov 8 2004 // Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of...
FLA. CONTRACTORS MUST MEET WORKERS’ COMP REQUIREMENTS:
Nov 8 2004 // In response to reportedly hundreds of calls from homeowners and construction contractors, both in and out-of-state, concerned about Florida requirements for workers’ compensation insurance coverage, the Florida...
ISO: INSURERS WILL PAY ESTIMATED $3.245 BILLION ON HURRICANE JEANNE CLAIMS:
Nov 8 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.245 billion for insured property losses from Hurricane Jeanne, according to preliminary estimates by ISO’s Property Claim...
Fla. AG Launches Widespread Anti-Trust Probe, 10 Subpoenas Issued
Nov 6 2004 // Florida Attorney General Charlie Crist has issued subpoenas seeking documents and records from 10 firms and anticipates sending six more subpoenas out next week as insurance industry investigations widen. Crist is...
Florida Doctors, Lawyers At Odds Over Effects of Malpractice Amendments
Nov 5 2004 // After years of fighting over medical malpractice, doctors and lawyers who represent victims aren’t going to declare peace just because voters approved a few new amendments in the Florida Constitution. Both groups of...
Gallagher Assigns Taskforce to Investigate Florida Insurance Transactions
Nov 4 2004 // A task force has been established by Florida Chief Financial Officer Tom Gallagher in an effort to determine whether activities uncovered by New York Attorney General Elliot Spitzer exist in Florida. The establishment of...
AIR Analysis Says 2004 Hurricane Season Not So Unusual After All
Nov 3 2004 // According to an analysis conducted by AIR Worldwide (AIR), a risk modeling company, the 2004 hurricane season should not be considered rare. The analysis, based on the AIR hurricane model, revealed that insurers should...
Florida’s Amendment 2 Means Lawyers Will Get Less for Malpractice Cases
Nov 3 2004 // Voters handed victories to both sides Tuesday in the war between Florida doctors and lawyers, adopting a hotly contested constitutional amendment backed by Florida doctors but also endorsing two amendments pushed by...
Fla. Refund Plan Nets $1.7 Million
Nov 2 2004 // Florida’s Chief Financial Officer Tom Gallagher announced that more than 1,200 Central Florida residents have received a total of $1.7 million under a refund plan for consumers who paid for various insurance products...
