All the headlines from our Florida Topic Page, ordered by recency.
Apr 5 2011 // Insurance agency Acentria Inc., headquartered in Destin, Florida, has acquired another Florida firm, Advanced Comp, a workers’ compensation insurance agency. Fielding Dickey, president and founder of Advanced Comp,...
Apr 4 2011 // Florida has added another company to its growing list of reinsurers that are taking advantage of a state law that allows it to reduce its capital requirement. Arch Reinsurance Limited, a Bermuda-based reinsurer, received...
Apr 4 2011 // A move to deregulate a number of commercial lines of property/casualty insurance is making quiet progress in Florida.The legislation, which has already passed the House by a unanimous vote, would exempt insurance pricing...
Apr 4 2011 // AequiCap, SeminoleTwo Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance Co. into liquidation and suspended the license of...
Apr 4 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates.The Florida Senate and Banking Insurance Committee recently approved a bill that would allow insurers to raise their rates up to...
Apr 1 2011 // Florida lawmakers have approved a plan designed to move more property owners into the private insurance market by restricting what properties the state-backed insurer can cover and allowing it to raise its rates.By a vote...
Mar 30 2011 // It’s no secret that property/casualty insurers have been fielding more and more sinkhole claims in Florida and now online hazard mapping firm CDS Business Mapping and its RiskMeter Online service have come up with a...
Mar 29 2011 // Another reinsurer has stepped forward to take advantage of a Florida law that allows it to lower its collateral and still conduct business in the state.Florida regulators announced that Alterra Bermuda Limited has been...
Mar 28 2011 // Florida Insurance Commissioner Kevin McCarty announced several staff changes at the Office of Insurance Regulation (OIR).Al Willis has been appointed acting deputy commissioner for Property & Casualty. Willis was the...
Mar 27 2011 // Florida regulators held a public hearing last week to consider the First Community Insurance Co.’s request to raise its homeowner rates a statewide average by 23.3 percent.The company said there are two driving...
Mar 24 2011 // Two of Florida’s domestic insurance companies have announced that they plan to merge. Homewise Insurance Co. and First Home Insurance Co. are planning to merge sometime in the second quarter pending regulatory...
Mar 24 2011 // Florida lawmakers are considering giving homeowners insurers more flexibility to raise rates.The Florida Senate and Banking Insurance Committee recently approved a bill that would give homeowners insurers some latitude,...
Mar 23 2011 // Tort reform and fraud have become the two big targets as Florida lawmakers are finally gearing up to tackle the state’s no-fault auto insurance law.Taking a divide and conquer approach, the House Insurance and...
Mar 22 2011 // A group of Florida homeowners could see a double-digit increase in their property premiums if regulators go along with their insurer’s rate request.Florida regulators are holding a public hearing today to consider...
Mar 22 2011 // Texas-based insurance broker Bowen, Miclette & Britt Inc. has expanded into the Florida market though the acquisition of Huckleberry Sibley & Harvey Insurance & Bonds.The acquired agency, HSH, has a client base...
Mar 21 2011 // A tenth reinsurer –and ninth from Bermuda– is taking advantage of a Florida law that allows it to post a lower collateral amount while still conducting business in the state.Florida regulators announced that...
Mar 21 2011 // Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the...
Mar 21 2011 // Two Florida insurers are facing regulatory action as the state’s Office of Insurance Regulation (OIR) ordered commercial insurer AequiCap Insurance Co. into liquidation and suspended the license of insurer Seminole...
Mar 21 2011 // Florida lawmakers are looking to cut the state’s largest property insurer down in size. The plan is to reduce the number of properties insured by Citizens Property Insurance Corp. by raising its rates and stopping it...
Mar 21 2011 // Florida insurers, government agencies and consumer advocate groups have established a statewide alliance to push for legislative reforms aimed at cracking-down on staged-accidents that the industry says are costing Florida...