Category: Florida Insurance and Political Headlines

Florida Chief Financial Officer (“CFO”) Alex Sink today, March 19, 2008 announced the conviction of a Miami-Dade County man on Personal Injury Protection (“PIP”) fraud charges. Wilfred Cyriaque, 57, pled guilty to involvement in a staged accident ring in South …

Florida Insurance Commissioner Kevin McCarty today announced that the Florida Office of Insurance Regulation (“OIR”) has filed an administrative complaint against the American General Life Insurance Co. (“American General”) seeking to suspend or revoke its certificate of authority to write …

  To view a complete story, click on a headline below: How many has program helped? My Safe Florida Home doesn’t track results; lawmaker wants to change that A new $1.06-million My Safe Florida Home advertising campaign tells homeowners statewide …

  To view a complete story, click on a headline below: Insurance firms walloped Insurance industry losses from the subprime mortgage debacle have the potential to surpass Hurricane Katrina claims. The collapse of the subprime mortgage market will lead to …

Click on a headline to read the complete story:   Lawmakers want to keep up get-tough approach on insurance Florida’s budget crisis has taken center stage this legislative session. A potential $2 billion budget deficit has pushed the property insurance …

Above:  Sen. Jeff Atwater, R-Palm Beach Gardens (left) and Sen. Steven Geller, D-Hallendale Beach, co-chairs of the insurance regulation committee. (AP Photo/Phil Coale)   Click on a headline to read the complete story:   Citizens And Hurricane Fund Problems Detailed …

Click on a headline to read the complete story:   Lawmakers suggest new regulations for insurance companies Private property insurers could find their profession more tightly regulated in Florida if lawmakers adopt a series of proposals recommended Thursday by a …

  To view a complete story, click on a headline below: Some Citizens policyholders get more choice Insurance regulators issued an order Wednesday allowing homeowners currently insured by the state-run pool to have the first choice of accepting an offer …

  To view a complete story, click on a headline below: Florida Congressman: Law Critical to Challenged Homeowners’ Markets The federal government must help stabilize homeowners’ markets challenged by natural catastrophes, said U.S. Rep. Tim Mahoney, D-Fla., at a National …

  To view a complete story, click on a headline below: South Floridians turn to alternative home insurance With major insurers poised to shed more property insurance policies this year, Florida residents will be shopping for alternatives. Impact-resistant windows tested …