Category: Archive – News

What’s Wrong With Florida?

Oct 25, 2010

This article was published in Florida Underwriter on October 26, 2010:  What’s Wrong With Florida? By Allison Bell www.floridaunderwriter.com   An avid reader called us here in the Hoboken, N.J., office of National Underwriter and said, “I live in Florida. …

How Bermuda rigs insurance rates in Florida

Oct 25, 2010

This article was published in the Herald Tribune on October 25, 2010:  http://www.heraldtribune.com/article/20101025/ARTICLE/101029876?p=all&tc=pgall In early 2006, Florida was on the verge of a financial disaster. After two deadly hurricane seasons, major insurance carriers were leaving, smaller companies struggled to raise …

Jeb Bush sought federal solution to reinsurance dependence

Oct 25, 2010

This article was published in the Herald Tribune on October 25, 2010:  http://www.heraldtribune.com/article/20101025/ARTICLE/310259998?tc=ar In the fall of 2005, Florida Gov. Jeb Bush called for a national catastrophe fund to help deal with disaster such as hurricanes, earthquakes or wildfire. A …

Property insurers sending billions overseas

Oct 25, 2010

This article was published in the Herald Tribune on October 25, 2010: By Paige St. John http://www.heraldtribune.com/article/20101025/ARTICLE/310259999 Never before have Floridians paid so much to protect themselves from hurricanes. And never have they received so little benefit. A Herald-Tribune investigation …

Brown & Brown Buys Some Business from Pennsylvania’s Greystone

Oct 25, 2010

This article was published in the Insurance Journal on October 25. 2010:    http://www.insurancejournal.com/news/east/2010/10/25/114313.htm#ixzz13PMrLhz4 Insurance broker Brown & Brown has acquired part of the business of Berwyn, Pa.-based Greystone Benefits, Inc. The company said that the acquired book of business, …

State Farm shedding more policies

Oct 25, 2010

This article was published in the Miami Herald on October 25, 2010:  BY NIRVI SHAH http://www.miamiherald.com/2010/10/24/1887250/state-farm-shedding-more-policies.html For homeowners Jean and Karen Perrod, who live near Coconut Grove, the health of the Florida insurance industry isn’t determined by company surpluses or …

Reinsurance Record Isn’t Spotless

Oct 24, 2010

The article was published in The Ledger on October 24, 2010:   http://www.theledger.com/article/20101024/NEWS/10245041/1410?Title=Reinsurance-Record-Isn-t-Spotless As Floridians coped with the hit of hurricanes and property insurance collapses in 2005, regulators in other states unleashed investigations on the offshore underwriters. Eliot Spitzer, then …