Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
EQECAT Says Ivan Landfall Would Be a ‘1 in 50 Year’ Series of Storm Events
Sep 10 2004 // It may come as small comfort to Florida’s storm-battered residents, but Thomas Larsen, senior vice president of EQECAT Inc., the Oakland Calif.-based catastrophe modeling specialist, announced that a Florida landfall...
Fla. Storm Victims Facing Double Deductibles from Hurricanes Charley, Frances
Sep 10 2004 // Florida CFO Tom Gallagher released a statement this week as the Sunshine State took a hit from Hurricane Frances, meantime keeping a watchful eye out for Hurricane Ivan, which was possibly headed for the Florida Keys by...
The Midland Co. Projects Frances Losses
Sep 10 2004 // The Midland Company, an Ohio-based provider of specialty insurance products and services, today reported projected losses from Hurricane Frances. “Based on the information received to date, we expect to incur pre-tax...
AIR Worldwide Reports Fla. Losses at $5 Billion to $10 Billion from Frances
Sep 9 2004 // While significantly less intense than Hurricane Charley in terms of sustained wind speeds at landfall, AIR Worldwide estimates that total insured losses for Florida from Frances will fall within a very similar range:...
Sunshine State Insurance Co. Reports Frances Losses in Area of $700,000
Sep 8 2004 // Florida-based Sunshine State Insurance Company announced its preliminary estimates of net losses related to Hurricanes Charley and Frances. While it is too early to estimate such losses precisely for these recent...
Hard-Hit Floridians Can Turn to FEMA Grants, SBA Loans to Recover From Hurricanes
Sep 8 2004 // While insurance payments will reportedly help most Floridians recover from the financial losses inflicted by Hurricanes Charley and Frances, government grants and low interest loans will be available to help pay for the...
Florida CFO Accompanies President, Governor to Tour Storm-Damaged Sunshine State
Sep 8 2004 // Florida’s Chief Financial Officer Tom Gallagher accompanied President George W. Bush and Governor Jeb Bush on a tour of storm-affected areas along the east coast Wednesday. Gov. Bush and Gallagher also visited the...
Cunningham Lindsey U.S. Adds Resources in Fla.
Sep 8 2004 // Dallas-based Cunningham Lindsey U.S. Inc. (CLUS) announced that in the wake of historic dual hurricanes in Florida, it has mobilized additional experienced claims professionals, supervisors and support staff into the...
Frances Crosses Florida Panhandle; RMS Loss Estimate $3 to $6 Billion
Sep 7 2004 // A greatly diminished tropical depression Frances came ashore in the Florida Panhandle early Monday night. With winds down to around 35 mph (56 km/hr), Frances posed more of a threat from heavy rainfall, surging tides and...
21st Century Notes Frances Losses
Sep 7 2004 // Florida-based 21st Century Holding Co. has reported losses related to Hurricane Frances which made its way through the Sunshine State in recent days. Edward (Ted) Lawson, president and chairman of the Board of 21st Century...
LIG Educational & Consulting Services Commercial Marine Seminars Set for Melbourne, Key Biscayne
Sep 7 2004 // LIG Educational & Consulting Services, a sister company of Florida-based LIG Marine Managers, is providing two hands-on training seminars in Melbourne and Key Biscayne, Florida this winter. For more information on the...
Charley Causes a Path of Destruction in Florida, Carolinas
Sep 6 2004 // Lessons from Andrew Taught Industry to “Be Prepared” Lessons learned from the most costly natural disaster in U.S. history more than prepared the insurance industry for the destruction left by Hurricane...
FLORIDA DFS HONORED BY TRADE GROUP FOR ONLINE DATABASE:
Sep 6 2004 // The Florida Department of Financial Services’ Division of Workers’ Compensation received top honors from an international trade group that assists national, state and local governments in overseeing...
Florida Gov., Cabinet Give Storm Victims Grace Period
Sep 6 2004 // Florida’s State Cabinet has approved a measure recommended by Florida’s Chief Financial Officer Tom Gallagher to impose a 60-day grace period on premium payments and nonrenewals for homeowners insurance, in the...
AIK Comp: Kentucky’s Enron’
Sep 6 2004 // AIK Comp’s precarious financial situation in Kentucky should serve as a wake-up call for the workers’ compensation group self-insurance market in the Bluegrass State. Lawmakers and regulators in Kentucky need...
OOF! Frances Hits Florida; Damages Widespread, But Less Than Feared
Sep 6 2004 // Hurricane Frances finally came ashore late Saturday night, after what seemed like an interminable waiting period for most Floridians, especially those on the East Coast. The giant storm packed hurricane force winds as far...
Dual Hurricanes Will Challenge Claims Handling Process
Sep 3 2004 // The historic one-two punch of Hurricanes Frances and Charley will make the claims handling process in Florida more difficult, but still manageable, according to the Insurance Information Institute (I.I.I.) The I.I.I....
A.M. Best Comments on Potential Rating Implications from Hurricane Frances
Sep 3 2004 // A.M. Best Co. has recently taken rating actions on several Florida insurance companies in response to their reduced risk-adjusted capitalization due to losses from Hurricane Charley, as well as potential exposure to...
RMS Estimates Potential Losses Ranging from $2 to $20 Billion for Hurricane Frances
Sep 3 2004 // Risk Management Solutions (RMS) has announced that potential insured losses could range from $2 to $20 billion based on the latest forecasts for Hurricane Frances. Uncertainty in the storm’s track and intensity...
NHC Issues Hurricane Watch as Frances’ Threat to Florida Grows
Sep 2 2004 // The latest bulletin from the National Hurricane Center in Miami confirms that a “Hurricane Watch remains in effect for the Florida East Coast from Florida City Northward to Flagler Beach, including Lake...
