Category: Archive – News

Is the problem over insurance or hurricanes?

Mar 25, 2009

The state would take on storm risks under a new plan. By Brandon Larrabee The Florida Times-Union–March 25, 2009 TALLAHASSEE – The state would take over all hurricane insurance in Florida while at the same time dismantling its property insurance …

McCarty backs trade group on rate criteria

Mar 23, 2009

Orlando Business Journal–March 23, 2009 Florida Insurance Commissioner Kevin McCarty threw support behind efforts to stop insurance companies from using credit scores in setting rates for their customers. McCarty said he applauds a National Association of Insurance Commissioners decision to …

State releases findings of drywall investigation

Mar 23, 2009

South Florida Business Journal–March 23, 2009 by Paul Brinkmann Chinese drywall samples give off sulfur gases and odor when exposed to extreme heat and moisture, according to a 60-page preliminary report released Monday by the Florida Department of Health. The …

Sinkhole scheme leads to jail time

Mar 23, 2009

St. Petersburg Times–March 19, 2009 By John Frank, Times Staff Writer BROOKSVILLE – A Tampa insurance adjuster convicted by a jury in February for solicitation to commit insurance fraud and forging a check related to a sinkhole claim received 120 …

Hudson to get hurricane shelter that houses 1,000

Mar 20, 2009

St. Petersburg Times–March 19, 2009 By Times Staff Federal officials have given final approval for a 36,000-square-foot hurricane shelter to be built in Hudson. County officials say construction could begin soon; staffers are organizing a groundbreaking ceremony, probably for early …

Let parents say what’s safe, theme parks urge

Mar 20, 2009

South Florida Sun Sentinel–March 18, 2009 Jason Garcia Sentinel Staff Writer Gatorland’s “Trainer for a Day” is the ultimate natural thrill ride: a two-hour chance for guests to work alongside reptile trainers as they handle the theme park’s signature tenants. …

Florida CFO Weighs In Against Credit Scoring

Mar 19, 2009

National Underwriter–March 19, 2009 BY PHIL GUSMAN Florida Chief Financial Officer Alex Sink said she is “unimpressed” with auto insurers’ justifications for using credit information in determining rates, and she voiced support for bills that would ban the practice. In …