Category: Florida News

Florida To Collect In Multi-State Settlement With HealthMarkets, Inc.

Jul 25, 2008

The Florida Office of Insurance Regulation released the information below today, July 25, 2008, regarding Florida’s $1.7 million share of a $20 million multi-state settlement agreement among 29 jurisdictions with HealthMarkets Inc., and its affiliated companies, MEGA Life and Health Insurance …

CFO Sink Appoints Jim Malone as New Citizens Board Chairman

Jul 25, 2008

Above:  Jim Malone was newly-appointed as Citizens Property Insurance Corporation Board of Governors Chairman today by Florida CFO Alex Sink.   The Florida Department of Financial Services released the following information today regarding the appointment of Jim Malone as the new Citizens …

Health Insurance Risk Rates Rule Hearing

Jul 25, 2008

The Florida Department of Financial Services, Office of Insurance Regulation ("OIR") has issued a Notice of Proposed Rule Hearing regarding the following Rules: 69O-149.205: Indemnity Standard Risk Rates 69O-149.206: Preferred Provider/Exclusive Provider Standard Risk Rates 69O-149.207: Health Maintenance Organization Standard …

Risk Rates Rule Hearing

Jul 25, 2008

The Florida Department of Financial Services, Office of Insurance Regulation has issued a Notice of Proposed Rule Hearing regarding the following Rules: 69O-149.205: Indemnity Standard Risk Rates 69O-149.206: Preferred Provider/Exclusive Provider Standard Risk Rates 69O-149.207: Health Maintenance Organization Standard Risk …

Insurance Rate Increase Divides Florida Lawmakers

Jul 24, 2008

The Tampa Tribune–July 24, 2008 By RUSSELL RAY TAMPA – After 24 years with State Farm, Brenda Harding is being dropped by the company she’s come to trust like an old friend. "They’ve always been there for me, like the …

Rolling retaliation for State Farm

Jul 24, 2008

St. Petersburg Times–July 23, 2008By Tom Zucco, Times Staff Writer When State Farm denied the sinkhole claim on Dave Bowers’ Port Richey home two years ago, he decided that venting to his friends just wasn’t enough. He had to take …

EDITORIAL: Insurance rate-hike request over the top

Jul 24, 2008

OUR OPINION: STATE REGULATORS MUST CONSIDER ALL RELEVANT FACTORS Miami Herald–July 24, 2008 There is a silver lining in State Farm Florida Insurance Co.’s request to hike windstorm policy rates by as much as 70 percent in some areas: The …

Brown & Brown Pays Dividend

Jul 24, 2008

National Underwriter–July 24, 2008 Daytona Beach, Fla., insurance broker Brown & Brown Inc. has declared a regular quarterly cash dividend of 7 cents a share payable on Aug. 20 to shareholders of record as of Aug. 6. The broker reported …