McCarty says more Florida insurer reviews to come
Florida's top insurance regulator vowed to do more financial reviews of the state's insurers like the ones his office performed at the start of the year. Read the entire story here
Editorial: Insuring the Sunshine State
As Floridians prepare for what is expected to be an active hurricane season in 2010, Florida Insurance Commissioner Kevin McCarty gives his views on the state's catastrophe exposures, Gulf of Mexico oil slick and the role of insurance. Read the entire story here
The Wall Street Journal: Storms to Test Florida’s Insurers
According to the Wall Steet Journal, Florida home construction won't be the only thing tested if a big hurricane strikes the state this year. Florida's homeowners-insurance market will be tested, too. Florida has been a laboratory of experiments in recent years in ways to keep insurance affordable even as private-sector insurers have continued to reduce the [...]
Florida home inspectors face first licensing regulations July 1
Home inspectors will have to get a state license for the first time in Florida. Although the regulations go into effect July 1, there will be a one-year "grace period" to let people in the profession get the new license, said Jenn Meale, communications director for the state Department of Business and Professional Regulation. Read [...]
Florida offers Insurers some slack
Florida regulators have agreed to allow a once-troubled property insurer to enter hurricane season prepared not for a big hurricane, but multiple smaller ones. The Orlando-based Olympus Insurance is among the first to publicly take advantage of relaxed requirements for hurricane protection as Florida property insurers struggle to remain solvent even without a storm. First [...]
Insurance group pushes for higher Florida property rates
More than half of Florida's residential property insurers lost money last year, despite four years without a major hurricane, according to a study released Wednesday by the Florida Association of Insurance Agents. See full article from South Florida Business Journal: http://southflorida.bizjournals.com/southflorida/stories/2010/01/11/daily29.html
FLORIDA PENINSULA INSURANCE COMPANY ENTERS INTO ACQUISITION AGREEMENT WITH EDISON INSURANCE COMPANY
BOCA RATON/ST. PETERSBURG, FL, January 04, 2010 – Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Company, announced today that it has entered into an agreement with and has received Florida Office of Insurance Regulation consent to acquire Edison Insurance Group, including its two of its subsidiaries: Edison Insurance Company and Edison [...]
Escambia County saddled with ambulance bills; partially blames insurance reimbursements
County government writes off more than $4 million in uncollectible debt every year. http://www.pnj.com/article/20091220/NEWS01/91219031/-1/SPORTS08/County-saddled-with-ambulance-bills
State asking more of drivers
Need to update the information on or renew your driver's license? It'll be a lot harder if you wait until after Dec. 31. click on the link below for complete story: http://www2.tbo.com/content/2009/dec/21/na-state-asking-moreof-drivers/news-metro/
The (not technically) State Farm bill is back
Property insurance rate deregulation is back, as promised, before the Legislature in the spring. Sen. Mike Bennett and Rep. Bill Proctor have filed again a proposal to allow big insurers to charge what they want. http://www.tallahassee.com/article/20091211/OPINION05/912110306/1006/OPINION/Paul-Flemming-The-not-technically-State-Farm-bill-is-back