Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Independent Agents Unsure About Florida Amendment 3
Nov 2 2004 // With all the publicity about the presidential race, Florida’s Amendment 3 and other amendments on the ballot have taken a backseat and how they are decided could have far-reaching effects on the insurance agents...
Miss. Trustmark Bank to Acquire Fisher-Brown Agency
Nov 2 2004 // Trustmark Corporation, parent of Jackson, Miss.-based Trustmark National Bank, announced today it will acquire Fisher-Brown Inc., an insurance agency in northwest Florida. Fisher-Brown will become a wholly owned subsidiary...
Fla. OIR Disapproves Workers’ Comp Rates
Oct 29 2004 // Florida Commissioner of Insurance Regulation Kevin McCarty, this week, disapproved the latest workers’ compensation rate filing because the decrease in rates was reportedly not enough. McCarty ordered the National...
PCI Urges Measured Legislative Response During Upcoming Special Fla. Session
Oct 28 2004 // The best way for the Florida legislature to respond to this year’s devastating hurricane season is to take a thoughtful and rational approach when considering measures to improve the current well-designed strategy...
Fla. Gov. Bush Reveals More Reimbursement Details
Oct 27 2004 // After Hurricane Frances ripped open the roof of Lisa and Glenn Perrone’s St. Lucie County home, an insurance adjuster told the Perrones they were on the hook for an $8,315 deductible. And after Hurricane Jeanne...
ISO: Insurers Will Pay Estimated $3.245 Billion on Hurricane Jeanne Claims
Oct 26 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...
LOSSES FROM 4 FLA. HURRICANES WILL EXCEED ANDREW’S RECORD:
Oct 25 2004 // Insurance claim payments to victims of the four Florida hurricanes to date will exceed $22 billion, surpassing the insurance payout from Hurricane Andrew, the costliest natural disaster in history, according to the...
Uncertainties Worry Conventioneers
Oct 25 2004 // Clear skies prevailed over Florida during October’s ASCnet and Big “I” conferences in Orlando, but an underlying feeling of anticipation prevailed because the hurricane season lasts until the end of...
Florida Clamps Down on Masqueraders Posing As Adjusters
Oct 25 2004 // Florida authorities are clamping down on unlicensed loss adjusters attempting to make a quick buck from residents affected by recent hurricanes. Tom Gallagher, Florida Chief Financial Officer, has warned businesses and...
UNIVERSAL WRITING NEW, RENEWAL POLICIES:
Oct 25 2004 // Universal Property and Casualty Insurance Company, the Florida-based homeowners insurance subsidiary of Universal Insurance Holdings continues to accept new and renewal policies across Florida. Due to its reinsurance...
People and Places
Oct 25 2004 // F. Michael Crowley F. Michael Crowley has been appointed executive vice president and national director for property casualty by the board of directors of Hilb Rogal & Hobbs Co. (HRH), an insurance brokerage company...
Northern Capital Insurance Co. to Begin Writing Homeowners Policies in South Florida in 2005
Oct 22 2004 // Northern Capital Insurance Company announced it plans to begin writing homeowners policies in Southeast and Southwest Florida in 2005. Alexander Anthony and Albert Fernandez, the principal shareholders of Citizens...
Q3 Commercial P/C Premiums Continue Fall
Oct 20 2004 // Commercial property/casualty insurance premiums continued to decline significantly during the third quarter of this year, with two-thirds of all large and medium accounts experiencing drops of up to 20 percent and an...
Fla. DFS Reminds Construction Contractors of Workers’ Comp Requirements
Oct 20 2004 // In response reportedly to 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...
Safeco Unveils Q3 Numbers, Notes Hurricane Impact
Oct 19 2004 // Seattle-based Safeco on Tuesday reported third-quarter results, reflecting strong fundamentals in a period with substantial hurricane losses and the loss on the sale of Life & Investments. The company posted a net...
Best Reacts to Allstate Floridian’s Capital Management Efforts Following Hurricanes
Oct 18 2004 // A.M. Best Co. reported this week that it acknowledges Allstate Floridian Insurance Group’s (Allstate Floridian) (Northbrook, Ill.) capital management efforts following Hurricanes Charley, Frances, Ivan and...
A.M. Best Affirms FSR for Florida Farm Bureau Group
Oct 18 2004 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of the Florida Farm Bureau Group. The rating applies to Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida...
Insurers to Pay $6B on Claims for Hurricane Ivan
Oct 15 2004 // U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6 billion for insured property losses from Hurricane Ivan, according to ISO’s Property Claim Services (PCS) unit. Hurricane...
Wind Insurance Hikes Slap Coastal Residents
Oct 15 2004 // Coastal homeowners are getting socked again, and it has nothing to do with Charley, Frances, Ivan or Jeanne. Homeowners who buy hurricane insurance on their homes through Citizens Property Insurance Corp., the...
Safeco Estimates 3Q Catastrophe Losses
Oct 12 2004 // Seattle-based Safeco announced that its aggregate pretax catastrophe losses for the third quarter are estimated at $195 million. The estimated effect on third-quarter net income is $127 million after tax, or $0.96 per...
