Category: Florida Insurance and Political Headlines

  To view a complete story, click on a headline below:   Smaller Insurers Likely Will Have to Pick Up the Slack in Florida What happens when Florida’s biggest private homeowners insurance company puts a moratorium on writing new business? …

  To view a complete story, click on a headline below: Citizens, new firms ready to pick up State Farm slack The state says it is well-equipped to deal with State Farm’s decision to not write new homeowners policies. What …

A federal court jury in Hartford, Connecticut has found four former General Re Corp. executives and one former American International Group executive guilty of corporate fraud and conspiracy charges stemming from allegations that the five helped cook AIG’s books in …

  To view a complete story, click on a headline below: State Farm: No new homeowners policies State Farm, the state’s largest private insurer, won’t write new homeowners policies starting March 1 as it seeks to reduce its exposure to …

  To view a story, click on a headline below:   Homeowner’s suit contends State Farm Florida withheld insurance discounts State Farm Florida Insurance Co., Florida’s largest property insurer, is accused of failing to provide discounts to windstorm policy holders …

Citizens Property Insurance Corporation (“Citizens”) and ICAT Managers, LLC (“ICAT”) today announced that ICAT will continue to issue Citizens’ wind-only commercial nonresidential policies into 2008. Citizens will begin issuing and servicing new commercial nonresidential multi-peril policies internally when its new …

  To view a complete story, click on a headline below: Lawmakers To Tackle Insurance Once Again Advisers warn weak financial markets may harm any plan. Still miffed that their gamble to reduce out-of-control insurance premiums largely failed last year, …

The National Association of Insurance Commissioners (“NAIC”) today released a comprehensive review of state producer-licensing laws, practices and processes. To view a copy of the report, click here. The NAIC press release regarding the report is reprinted below.   Should …

Florida Insurance Commissioner Kevin McCarty today ordered six workers’ compensation insurance companies to return $4.2 million in excessive profits to their policyholders. The six companies that have been ordered to return premiums to policyholders are: Alaska National Insurance Co. ($144,488) …

  To view a complete story, click on a headline below: State goes after Allstate on code violations A broader pursuit alleges also seeks to block the insurer from writing new policies. Florida Insurance Commissioner Kevin McCarty went after Allstate …