All the headlines from our Florida Topic Page, ordered by recency.
Sep 21 2012 // Florida Gov. Rick Scott is appealing the federal government’s decision to deny additional aid for damage caused by Hurricane Isaac last month. Scott is also asking for more aid than originally requested.On Sept. 19,...
Sep 13 2012 // A few days back, Florida’s troubled Citizens Property Insurance Corp. announced a plan to “depopulate” its book of business through a program of loans to well-capitalized insurers.On its surface, this...
Sep 13 2012 // Two months ago when Barry Gilway took over as president of Florida’s state-run property insurer, Citizens Property Insurance Corp., he quickly learned there would be no honeymoon period. He was thrust into debates...
Sep 12 2012 // RLI Corp. is now offering a reduced liability attachment point for its personal umbrella policy for Florida residents. Personal umbrella coverage is now available to customers whose primary residence is in Florida and who...
Sep 12 2012 // Florida’s state-backed property insurer is considering for the first time whether to invest in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The...
Sep 10 2012 // Hurricane-prone Florida’s insurer of last resort, state-run Citizens Property Insurance Corp. on Friday approved a plan to provide up of $350 million in sweetened loans to private companies willing to take over...
Sep 10 2012 // Hurricane Andrew hit South Florida with winds topping 160 mph on August 24, 1992, devastating several communities. According to Gary Kerney, of Verisk’s Property Claims Services, the insurance industry had never seen...
Sep 10 2012 // Just months after Florida lawmakers enacted a law targeting the role of check cashing companies in the construction industry, state officials announced a string of arrests netting more than $140 million in fraudulent...
Sep 10 2012 // A new Florida law seeks to reduce the regulatory burden on agents and adjusters by consolidating some licenses and revamping the education classes they must take.Among the changes: insurance adjusters and agents operating...
Sep 10 2012 // Florida Governor Rick Scott has reappointed seven judges on the state’s court that handles workers’ compensation claims.Judge W. James Condry II, 54, of Orlando, has been a judge of Compensation Claims for the...
Sep 10 2012 // Florida workers’ compensation insurers are seeking a statewide average 6.1 percent rate hike. If approved, the filing by the National Council on Compensation Insurance (NCCI) would mark the third consecutive...
Sep 10 2012 // Since 1996, Demotech has rated most of the homegrown Florida domiciled insurers. Our efforts have focused on the assignment of Financial Stability Ratings® (FSRs) to all financially stable insurers, start-ups as well as...
Sep 7 2012 // Four Florida-based property insurers have been given the green light to remove up to 150,000 policies from the state-backed Citizens Property Insurance Corp., which would contribute to the greatest shift of policies to the...
Sep 7 2012 // Assure Space, LLC, a new space insurance agency for satellite risks, has partnered with Auster Capital Partners (ACP) and Space Florida for the provision of launch and in-orbit insurance to satellite operators worldwide....
Sep 7 2012 // Florida has a new wholesale insurance broker specializing in marine industry risks.Founded by Steve Cunningham, Theresa Proios-Jewell and other associates with marine insurance experience, Legacy Underwriters is based out...
Sep 5 2012 // A Florida state senator is demanding that executives of the state-backed property insurer be questioned after expense reports showed that they spent thousands of dollars on travel and related expenses.Florida Senator Mike...
Aug 30 2012 // Florida Gov. Rick Scott has announced that the state is activating Florida’s disaster fund to help residents who suffered property losses from Hurricane Isaac and Tropical Storm Debbie.Earlier this week, Hurricane...
Aug 30 2012 // A Florida neurologic clinic that specializes in treating patients with traumatic brain and spinal cord injuries is being sued by a major automotive insurance company for more than $7 million in false claims stemming from...
Aug 28 2012 // As Tropical Storm Isaac moves westward away from Florida and toward Louisiana, Florida’s largest property insurer has lowered its estimate of the number of claims it thinks it might receive.Citizen Property Insurance...
Aug 28 2012 // Tropical Storm Isaac rolled over the open Gulf of Mexico on Monday, where it was expected to grow into a hurricane before hitting land somewhere between Louisiana and Florida and close to the seventh anniversary of...