Category: Florida News
Oct 6, 2008
Orlando Sentinel–October 4, 2008 By Julie Patel | South Florida Sun-Sentinel State Farm Mutual Automobile Insurance Co., the largest automobile insurer in Florida, will slightly lower its statewide average annual premium this month, the insurer said Friday. The rate cut, …
Oct 6, 2008
Charlotte Sun and Weekly Herald–October 5, 2008 By TERRY O’CONNORNorth Port Assistant Editor PORT CHARLOTTE — A fourth consecutive Florida hurricane season without a cataclysm like Hurricane Charley continues to place homeowners on more even footing with their property insurance …
Oct 6, 2008
USA Today–October 5, 2008 By Julie Appleby, USA TODAY Home health care costs charged to Medicare in the Miami area have risen 20 times the national average in the past five years, prompting a federal investigation of suspected fraudulent billing. …
Oct 6, 2008
Karen Clark created the first computer model to help insurers better gauge the losses they might face after a major catastrophe. Now she is working with insurers to use the models more wisely. BY BEATRICE E. GARCIAMiami Herald–October 6, 2008 …
Oct 6, 2008
To view a complete story, click on a headline below: Hurricane fund crisis could put homeowners at risk When Florida lawmakers expanded the state’s hurricane fund in 2007 to force lower premiums, they tied the ability to deliver billions in …
Oct 6, 2008
The first meeting of the Citizens Property Insurance Corporation (“Citizens”) Mission Review Task Force (“Task Force”) has been scheduled to take place on Friday, October 10 at the Tampa Airport Marriott and via teleconference. Agenda items include: Sunshine Law Overview …
Oct 6, 2008
The Reserve Primary Fund (“Fund”), a money-market mutual fund, “broke the buck” in mid-September when it fell below $1 a share in net asset value. This was due in large part to its losses on debt issued by Lehman Brothers …
Oct 6, 2008
Insurance-Related Meetings: Month of October, 2008 Week of October 6-10 Monday, October 6 NAIC The National Association of Insurance Commissioners (“NAIC”) held a regulator-to-regulator meeting of the International Solvency and Accounting Working Group on Monday, October 6 at 11:00 a.m. …
Oct 3, 2008
The Florida Workers’ Compensation Insurance Guaranty Association (“FWCIGA”) recently held a Board of Directors (“Board”) meeting to receive updates on legal issues, claims, financial issues, and assessments for 2009. The meeting was called to order by Chairman Tom Stahl, with …
Oct 3, 2008
To view a complete story, click on a headline below: State Farm lowers auto rates 0.3 percent State Farm Mutual Automobile Insurance said Friday it would reduce its auto rates by 0.3 percent on new and renewal policies, effective Oct. …