Florida’s Citizens Vows to Validate $700 Million in Mitigation Credits
State-backed Citizens Property Insurance Corp. plans to begin validating wind mitigation credits that have cut premiums by $700 million for 400,000 Florida policyholders.
Florida Peninsula Offers to Pick Up Home Policies Dropped by Nationwide
Florida Peninsula Insurance Co., a domestic property/ casualty company writing homeowners and condominium policies statewide, says it is prepared to insure Florida homeowners policies that …
Insurers Backing Away from Homes with Chinese Drywall
James and Maria Ivory's dreams of a relaxing retirement on Florida's Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes …
Nationwide Insurance to Drop 60,000 Home Policies in Florida
Nationwide Insurance Co. of Florida plans to reduce its personal lines property exposure in the state of Florida by nonrenewing 60,000 homeowners policies across the state. Nationwide said …
Florida Says Medical Malpractice Rates Decline, Market Is Competitive
A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to …
Florida Insurance Chief Grilled by Lawmakers
Some insurance companies could go out of business if a major hurricane hits Florida, the state's insurance commissioner told a Senate panel this week. But after more than an hour grilling by …
Florida Insurance Chief Grilled by Lawmakers
Some insurance companies could go out of business if a major hurricane hits Florida, the state's insurance commissioner told a Senate panel this week. But after more than an hour grilling by …
Florida Hearing on 6.8% Workers Compensation Rate Drop Set for Oct. 6
There will be a public hearing in Tallahassee on Oct.
The Coverage Conundrum in Chinese Drywall Claims
Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now being hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply …
Texas-based Aggressive Insurance Unveils New Aircraft Program
Aggressive Insurance, based in Irving, Texas, has announced a new aircraft insurance program. Aggressive is initially introducing the program in Florida, Georgia, Illinois, Indiana, Ohio, Oklahoma …
Bermuda Monetary Authority Concludes Pact with Florida Insurance Regulator
The Bermuda Monetary Authority (BMA) has signed a Memorandum of Understanding (MOU) with the Florida Office of Insurance Regulation (FLOIR). The bulletin noted that it “is the latest in a …
Florida Insurance Exchange Has Paid Lobbyist But No Policies
A struggling state-sponsored health insurance program in Florida is paying a lobbyist $5,000 a month to work part-time while she is still listed as representing private clients with ties to the …
Florida Insurance Chief: Homeowners Rates Might Rise; State Farm Might Stay
Homeowners insurers writing in Florida — established as well as new –are losing money and the state regulator says rates may need to go up. Also, the state's largest private home insurer, …
Nebraska High Court: Judge Must Explain Countrywide Insurance Ruling
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 ..
Florida’s Suncoast Insurance Joins ISU Network
Suncoast Insurance Associates of Tampa, Florida, recently joined the ISU Insurance Services network, according to Daniel Titus, Suncoast president.
15 Years Later, Tobacco Lawsuits Still Winding Through Florida Courts
Fifteen years after a Miami Beach pediatrician suffering lung disease took on the tobacco giants, thousands of smokers' lawsuits are working their way through Florida courts and early results …
Florida Hearing on Citizens Insurance Rates for 2010 Postponed
A Florida hearing into rate changes for Citizens Property Insurance Corp. for next year that had been scheduled for Aug. 25 has been postponed due to a glitch in the electronic transfer of data …
New Florida Web Site Hears from Workers’ Compensation Whistleblowers
A new workers compensation whistleblower Web site that allows Florida citizens to submit referrals of alleged violations of workers compensation rules has already produced hundreds of new …
Florida Allows State Farm to Scrap Some Insurance Discounts
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 taken by insureds …
Florida Signs Insurance Regulation Pact with United Kingdom
The Florida Office of Insurance Regulation (OIR) and the United Kingdom Financial Services Authority (FSA) have agreed to work together on issues that affect insurance consumers in the U.K. and …
Web Site Estimates Hurricane Damages If Old Storms Returned Today
Today marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 …