Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Constellation Affiliated Acquires Coastal Insurance Underwriters, Cybercom of Florida
Dec 30 2020 // Constellation Affiliated Partners has acquired Florida-based MGU Coastal Insurance Underwriters and Cybercom. Financial terms of the transaction were not disclosed. Coastal Insurance Underwriters, founded by President and...
Florida’s Altmaier to Assume NAIC Presidency for 2021
Dec 29 2020 // The National Association of Insurance Commissioners (NAIC) will have officers for 2021. The newly-elected officers will assume their duties on Jan. 1, 2021. Members of the association of regulators elected these leaders...
New AAIS Fire Risk Model Approved by Florida Regulator
Dec 23 2020 // Insurance advisory organization AAIS (American Association of Insurance Services) has received approval from the Florida Office of Insurance Regulation for its new predictive model. The AAIS Fire Loss and Mitigation...
Florida Market Stabilization Critical to Reducing Citizens’ Exposure: Study
Dec 22 2020 // Florida’s fluctuating and volatile private market may be instigating long-term policy growth for Citizens Property Insurance Corp. and creating serious obstacles to its position as the state’s residual insurer,...
Florida Investigating Server Hacking Through SolarWinds Software
Dec 22 2020 // Florida officials acknowledged Friday that state servers appear to have been compromised by overseas hackers who gained entry by imbedding malicious code into networking software from a Texas-based software company,...
Red Tide Reappears off Florida’s Southwest Coast
Dec 21 2020 // Red tide is back in the waters off of Florida’s southwest coast, making birds sick and killing fish, according to a state environmental agency update on Wednesday. While satellite imagery isn’t picking up the...
Fire Kills 240K Chickens at Florida Farm
Dec 18 2020 // A fire early Thursday killed as many as 240,000 chickens at a Florida farm operated by one of the nation’s largest egg producers. The Pasco County fire department reports that three barns each containing up to 80,000...
Tornado Causes Damage, Leaves Thousands Without Power in Florida
Dec 18 2020 // A tornado damaged vehicles and buildings on Wednesday while leaving thousands without power in Florida’s Tampa Bay area, authorities said. Most of the damage was in Pinellas County, north of St. Petersburg, the Tampa...
Desjadon to Retire from Florida Peninsula; Adkins to Succeed
Dec 18 2020 // Roger L. Desjadon, CEO of Florida Peninsula Insurance family of companies, will retire next year. Desjadon is a co-founder of Florida Peninsula Insurance Company and has served as CEO since its inception in 2005. Roger L....
Florida School District Drops Request for Parkland Parents’ Social Media Posts
Dec 15 2020 // A Florida school district abruptly dropped its request Thursday that the families of students and staff slain in a 2018 high school massacre be required to turn over their social media posts from that period as it tries to...
Best Downgrades Ratings of Tower Hill Prime Insurance of Florida
Dec 11 2020 // AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance...
Florida Courts Clarify Role of Appraisal in Coverage Claim Disputes
Dec 10 2020 // For first party property claims, lengthy and costly litigation is not always the only mechanism for resolving a dispute. Most homeowner’s policies include detailed terms and conditions for parties to undergo...
Florida Approves 6.6% Rate Decrease to Workers’ Comp Rates
Dec 9 2020 // Florida Insurance Commissioner David Altmaier has issued a final order approving the National Council on Compensation Insurance (NCCI)’s filing for a statewide overall decrease of 6.6% for Florida workers’...
Florida Nursing Homes Will Be First to Receive COVID Vaccine
Dec 8 2020 // Residents in nursing homes and assisted-living facilities will be the first to get a coronavirus vaccine when Florida begins receiving it later this month, Gov. Ron DeSantis said. DeSantis’ priorities, announced in...
Firefighter, 2 Others Injured by Gas Leak Explosion at Florida Home
Dec 7 2020 // A firefighter and two residents were injured in an explosion caused by a gas leak at a home in Bradenton, Fla., fire officials said. The residents were taken to a hospital on Wednesday afternoon for treatment of their...
Thanksgiving Fire Engulfs Florida Shopping Center
Nov 30 2020 // State fire marshals are investigating a suspicious fire that engulfed a shopping center early Thanksgiving morning. The fire at the Village Plaza shopping center in Daytona Beach broke out at about 4 a.m. Thursday and...
Century Risk Advisors of Florida Names Brown Manager of Private Client Division
Nov 30 2020 // Property & Casualty insurance executive Tracy Brown has been named manager of the Private Client Division at Century Risk Advisors, Inc. (CRA), an independent insurance agency offering insurance and risk management...
The Liberty Company Insurance Brokers Adds Cuevas to Florida Office
Nov 23 2020 // The Liberty Company Insurance Brokers has added Mike Cuevas to the firm’s Ft. Lauderdale, Fla., office. Mike Cuevas Cuevas has more than 30 years of experience with previous stops at Coastal Premier and Van...
AM Best Upgrades Rating of T.H.E. Insurance Co. of Florida
Nov 19 2020 // T.H.E. Insurance Company (T.H.E.), an AXA XL insurance company and a McGowan Allied Specialty Insurance partner, has been upgraded to A+ (Superior)/XV by AM Best. This recent AM Best upgrade to A+ XV affirms the financial...
HSCM Bermuda Takes Majority Stake in Florida Insurer Southern Fidelity After Merger
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
