55%
The rate hike that Florida’s insurer of last resort, Citizens Property Insurance Corp., decided to delay a vote on, following requests from lawmakers to wait until after the January special legislative session.
13,000
The number of free home inspections completed in Florida by the end of the 2006 hurricane season — which exceeded by nearly 1,000 the original goal of the pilot phase of the My Safe Florida Home program. The program was funded with $250 million from the Florida Legislature.
Jan. 31, 2007
The date by which Citizens Property Insurance Corp. must submit an amended plan of operation for improved customer service and efficiency as so ordered by the state. The state has created a new Web site to allow interested parties to submit suggestions in conjunction with three public hearings Citizens is required to hold. The Web site is at www.CitizensForABetterCitizens.com.
10
The number arrested in what North Carolina officials say is the largest auto insurance fraud ring in state history. The 10 residents are accused of defrauding insurance companies of an estimated $1 million. Southern General Insurance Co. uncovered the alleged scheme when it noticed unusual claim activity associated with the same vehicles and the same addresses. As of September, 487 claims had been connected to this alleged fraud ring. At least seven other insurance companies have allegedly been defrauded: North Carolina Farm Bureau, Nationwide, State Farm, Allstate, GMAC, Atlantic Casualty and Universal.
20,000
The number of calls a month from motorists, insurance companies and others handled by The North Carolina Division of Motor Vehicles at its call center in Raleigh. To maintain services, the state has agreed to transfer 96 positions from the deteriorating Raleigh call center building to one in southeast North Carolina’s Bladen County in July. Part of officials’ concern is that the center’s workload could triple in the coming years due to new federal rules requiring the state to authenticate the identity of driver’s license applicants.
$261 billion
The total U.S. tort costs in 2005, which is approximately $880 per person and $4 less per person than in 2004, according to the 2006 Update on U.S. Tort Cost Trends from the Tillinghast business of Towers Perrin. The growth rate of tort costs in 2005 was 0.5 percent, which is significantly lower than the growth rate of 5.7 percent in 2004 and 5.5 percent in 2003.
Topics Florida North Carolina
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