All the headlines from our Florida Topic Page, ordered by recency.
Mar 29 2010 // A director and part owner of Hillcrest Insurance Co. in Gainesville has been ordered to return $600,000 in policyholders’ money he used in February 2009 to buy stock in a bank he founded and part owned.Florida...
Mar 26 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...
Mar 25 2010 // A Florida jury ordered R.J. Reynolds and Philip Morris Wednesday to pay $26.6 million to the widow of a longtime smoker who died of lung cancer, the latest verdict against cigarette makers in the “Engle...
Mar 24 2010 // Florida Gov. Charlie Crist said he would like to give the state insurance regulator authority to prevent excessive payments by home-based insurance companies to affiliated managing general agencies and other...
Mar 23 2010 // Montgomery Insurance, a Liberty Mutual Group regional operation, says it is implementing a commercial lines growth plan in Florida with its independent insurance agents.The Charlotte, North Carolina-based unit with...
Mar 23 2010 // 21st 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 insurance policies from HomeWise Preferred...
Mar 22 2010 // Florida insurance regulators have notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license.The warning to Southern Oak...
Mar 22 2010 // An accident victim’s lawyer has urged the Florida Supreme Court to rule that rental car companies can be held liable for damages in an accident they did not cause in the state, even though a new federal law is...
Mar 19 2010 // Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity.“Prior to ’92, there wasn’t much of a need for personal lines in the excess and...
Mar 18 2010 // The actuarial services firm, Demotech, which rates most of Florida’s newer and smaller domestic property insurers, has published a position paper outlining its approach to its carrier Financial Stability Ratings and...
Mar 18 2010 // A Jacksonville property insurance company is back in the good graces of regulators.Insurance Commissioner Kevin McCarty signed off on an agreement with the Southern Oak Insurance Co. after the insurer agreed to make some...
Mar 18 2010 // A Clearwater-based property insurance company is the latest Florida company to run afoul of Florida insurance regulators. Insurance Commissioner Kevin McCarty ordered Homeowners Choice Property & Casualty Insurance Co....
Mar 17 2010 // Last week Florida asked for federal financial assistance for thousands of homeowners with property damage caused by defective Chinese drywall.But the Federal Emergency Management Agency, which typically deals with...
Mar 16 2010 // The Sarasota HeraldTribune, as part of its series on the property insurance market in Florida, has reported that half of the state’s insurers are making money not from insuring homes but by diverting premiums into...
Mar 15 2010 // Florida officials say a statewide sweep of staged accident scammers last week resulted in the arrest of 19 suspects, including arrests in Ft. Myers, Miami, Orlando, Pensacola, Tampa and West Palm Beach Florida CFO Alex...
Mar 11 2010 // With the prospects for a controversial rate deregulation bill dimmed by Gov. Charlie Crist’s threat of a veto, the insurance industry is betting on a new wide-ranging insurance proposal to bring some reform to...
Mar 10 2010 // Florida insurance regulators this week notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license.And the warning to Southern...
Mar 10 2010 // Two House subcommittees have scheduled a joint hearing today on ways to address homeowners insurance costs in disaster-prone communities, an issue that has some environmentalists, taxpayer groups and insurers standing...
Mar 10 2010 // Homeowners Choice Inc., a Florida-based homeowners’ insurer, reported a profitable fourth quarter and year 2009.Net income for the fourth quarter of 2009 was $807,000, compared to net income of $5.1 million for the...
Mar 7 2010 // Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have...