All the headlines from our Florida Topic Page, ordered by recency.
Apr 12 2010 // Florida Insurance Commissioner Kevin McCarty sent a letter to the state’s media outlets on April 9 regarding the current property insurance system and what should be done to improve it. In it, he says the exodus of...
Apr 12 2010 // Another young Florida property insurance company is in trouble with state regulators and could lose its license if it does not cut back on business, boost its reinsurance and explain some if its accounting.Olympus...
Apr 9 2010 // The eyewitnesses are everywhere, watching everything.Break-ins. Bank heists. Convenience store robberies, purse snatchings and shopping sprees charged on stolen credit cards. All these incidents and more caught in the...
Apr 9 2010 // Florida insurance regulators have ordered two firms to stop selling unauthorized surety insurance.The Office of Insurance Regulation (OIR) issued an order to Infinity Surety Co., Infinity Surety Agency and its president...
Apr 8 2010 // Five more states are joining a Florida-led group of states in a lawsuit challenging President Barack Obama’s overhaul of the U.S. healthcare system, Florida’s attorney general said Wednesday.The joint lawsuit...
Apr 8 2010 // Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent.The Office of Insurance Regulation (OIR) made an official request to the state’s...
Apr 8 2010 // Gov. Charlie Crist says he will veto any legislation that raises homeowners insurance rates.“If a bill gets to my desk that favors the insurers, I will veto it,” Crist told a group of Realtors convening at the...
Apr 7 2010 // A jury has awarded $10 million to a Volusia County who sued an ambulance transport service over injuries her son received during his premature birth in 2003. The jury decided last week that EVAC Ambulance was negligent for...
Apr 6 2010 // The Board of Directors of Brown & Brown Inc. has elected C. Roy Bridges regional president responsible for most of the company’s retail operations in the western United States. He will continue to have regional...
Apr 6 2010 // The Supreme Court indicated this week it could prohibit foreign investors from using U.S. securities law and American courts to sue a foreign bank for fraud.The court heard argument in a challenge from Australian investors...
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service.Losses from...
Apr 5 2010 // Florida officials are targeting unregistered and uninsured moving companies following complaints from consumers and others in the industry.Florida Agriculture and Consumer Services Commissioner Charles H. Bronson said he...
Apr 5 2010 // Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from...
Apr 5 2010 // 21st Century, HomeWise21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain policies from...
Apr 5 2010 // Florida Gov. Charlie Crist wants the state insurance regulator to have authority to prevent excessive payments by home-based insurance companies to affiliate managing general agencies and other entities.“I’d...
Apr 5 2010 // Florida asked for federal assistance for thousands of homeowners with property damage caused by defective Chinese drywall but the Federal Emergency Management Agency, which typically deals with hurricanes and other natural...
Apr 5 2010 // As Insurance Commissioner Kevin McCarty told the Florida Cabinet, “the marketplace still faces serious challenges.”Out of the more than 200 property insurance companies in Florida, 81 reported underwriting...
Mar 31 2010 // Montgomery Insurance, a Liberty Mutual Group regional operation, is now providing Onboard Advisor for commercial fleets in Florida. Onboard Advisor is a fleet management solution that helps companies increase fleet safety...
Mar 31 2010 // Tallahassee politicians must ensure a robust private property insurance market to avoid a financial disaster if a major hurricane or several smaller storms strike the state this summer, former Gov. Jeb Bush said this...
Mar 30 2010 // New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market that lasted for several years the last time it was tried.New York Insurance...