All the headlines from our Florida Topic Page, ordered by recency.
Sep 17 2009 // The arbitrary assignment of premium discounts for certain mitigation features without regard to insurance companies’ base rates or premium calculations for existing business has proven to be the downfall of the...
Sep 17 2009 // A House-Senate budget panel has added the state’s risk of incurring billions of dollars in possible hurricane insurance losses to Florida’s long-range financial outlook.The new changes could dwarf potential...
Sep 17 2009 // People who lived through Hurricane Ivan can’t forget the haunting images left by one of the strongest storms ever recorded: condo towers collapsed in roiling surf, splintered homes or flat slabs, fragments of...
Sep 17 2009 // Florida Gov. Charlie Crist has appointed Neal P. Pitts of Orlando as judge of Compensation Claims, succeeding Ivy Cream Harris in the Jacksonville district.Pitts, 55, has been a sole practitioner since 1987 and from 1983...
Sep 14 2009 // Sawgrass Mutual Insurance Co. is now selling residential property insurance coverage to Florida homeowners through independent agents.The company was launched last month with $10 million in initial capitalization. CEO...
Sep 7 2009 // Florida property insurers are warning that a major hurricane is likely this season given the state’s history of storms.At the same time, the industry says, the state-backed catastrophe reinsurance fund, the Florida...
Sep 7 2009 // CNA Financial Corp. named Bob Lindemann as president and chief operating officer of CNA’s Commercial Lines operations.In this role, Lindemann will be responsible for CNA’s $3.5 billion commercial...
Sep 7 2009 // State Farm Florida has been given the green light to eliminate some homeowners insurance discounts but the insurer must continue to offer discounts for storm mitigation steps unless it supports that change with more...
Sep 7 2009 // Florida’s efforts to encourage homeowners to harden their homes to better withstand big storms by giving them insurance premium discounts is not getting the job done, according to a report from insurance agents in...
Sep 7 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control.All policies written by FCIC and its subsidiary,...
Sep 4 2009 // Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with bankrupt First Commercial Insurance Co., which is in liquidation.Florida CFO...
Sep 4 2009 // As the 2009 Atlantic hurricane season enters its peak period, the finances of a number of residual market property plans in hurricane-exposed states are on shaky ground. The credit crunch and prolonged economic downturn...
Sep 3 2009 // Australians Lesley and Doug McGrath have for decades battled ocean swells that have eaten away at the backyard of their multi-million dollar Sydney home. They bought an old beach shack on Collaroy Beach in 1976 and...
Sep 3 2009 // Florida’s public employee pension and hurricane catastrophe funds are benefiting from an upswing in the financial markets, state investment managers said earlier this week.The State Board of Administration received...
Sep 3 2009 // A jury has sided with a Tampa Bay doctor in a libel suit against Times Publishing Co., the parent company of the St. Petersburg Times.The decision calls for Dr. Harold L. Kennedy, former chief of medicine at Bay Pines VA...
Sep 2 2009 // A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings to “a” from “a-” of Western National Insurance...
Sep 1 2009 // A judge must explain to the Nebraska Supreme Court why he ordered a new trial in a multimillion dollar insurance dispute involving Florida and Omaha-based Countrywide Insurance Agency.In June 2008, the Supreme Court threw...
Aug 31 2009 // Last year, Pembroke Pines turned on its first red-light camera. Across South Florida, other cities followed.But now critics — and lawsuits — are questioning whether the cameras pass legal muster. Several...
Aug 27 2009 // A.M. Best Co. has downgraded the financial strength ratings (FSR) to D (Poor) from B (Fair) and issuer credit ratings (ICR) to “c” from “bb” of Tower Hill Preferred Insurance Co., Tower Hill Prime...
Aug 26 2009 // Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control.All policies written by FCIC and its subsidiary,...