Category: Archive – Seminars

State Farm won’t drop 31,000 policies

Aug 13, 2008

Miami Herald–August 12, 2008 BY BEATRICE E. GARCIA State Farm Florida Insurance has told the Office of Insurance Regulation that its actuary was incorrect when she said the company planned to drop an additional 31,000 policies Tuesday morning. During a …

Crist hopes panel kills rate hike

Aug 13, 2008

Brevard homeowners would pay 59% more for State Farm coverage BY PAUL FLEMMINGFlorida Today–August 13, 2008 State regulators on Tuesday aggressively grilled State Farm officials asking them to justify their request for an average 47 percent increase in homeowners’ insurance …

Hurricane insurance hearings create own storm for State Farm

Aug 13, 2008

St. Petersburg Times–August 13, 2008 By Tom Zucco, Times Staff Writer TALLAHASSEE — When State Farm officials appeared before Florida regulators Tuesday to seek a 47.1 percent statewide average rate hike, Office of Insurance Regulation general counsel Steve Parton zeroed …

Insurance rate cut may turn into hike

Aug 12, 2008

Florida consumers have been told mitigation could be the sure way to reduce insurance costs, but one insurer says it’s killing its bottom line and wants a big rate hike. BY BEATRICE E. GARCIAMiami Herald–August 12, 2008 When Edgar Wilson …

Consumer advocate seeks State Farm rate cut of 40 percent

Aug 12, 2008

St. Petersburg Times–August 11, 2008 By Tom Zucco, Times Staff Writer TALLAHASSEE — Instead of facing a proposed 47.1 percent average increase in property insurance premiums, State Farm’s nearly 1-million customers statewide should see rates cut almost 40 percent, according …

Profits, Rate Requests Fuel Anger Over Insurers’ ‘Pups’

Aug 12, 2008

The Tampa Tribune–August 12, 2008 By JEROME R. STOCKFISCH In February, the Illinois-based State Farm group of insurance companies reported the company’s fifth consecutive profitable year. Five months later, State Farm’s Florida operation asked regulators for an average rate increase …

Floridians Embracing New Homeowners Insurance Model

Aug 12, 2008

PR Newswire–August 12, 2008 Intent on demonstrating that there is plenty of room for "little guys" to compete successfully against the direct-writing monoliths of the online insurance arena, Florida Home Insurers, Inc. announced that more than 8,000 Floridians visited its …

James Madison Institute: Hurricane could wreak fiscal havoc

Aug 12, 2008

The Florida Times-Union–August 12, 2008 By Special to the Times-Union On July 29, Florida’s Board of Administration voted to spend $224 million in return for a well-known billionaire’s pledge. ————————————————–     ————————————————– Warren Buffett, the “Oracle of Omaha,” guaranteed that …

Governor Celebrates Commercial Expansion of Space Launch

Aug 12, 2008

The Office of Florida Governor Charlie Crist issued the press release below regarding the commercial redevelopment of Launch Complex 36 at Cape Canaveral Air Force Station. Under the landmark agreement announced by the U.S. Air Force, the 47-year-old complex will …