Category: Florida News

Citizens Property set to hand off more policies

Jun 2, 2008

Orlando Sentinel–June 2, 2008 Anika Myers PalmSentinel staff writer Six more insurance companies will be taking policies from Citizens Property Insurance. Florida Insurance Commissioner Kevin McCarty has signed off on plans for the insurers to take 100,000 policies from the …

Out of Katrina comes idea for damage tally

Jun 2, 2008

Orlando Sentinel–June 1, 2008 Longtime Volusia County Property Appraiser Morgan Gilreath is being recognized for a damage assessment model he designed in the aftermath of Hurricane Katrina. Gilreath will receive the Prudential-Davis Productivity Award on Tuesday in Tallahassee for his …

Higher hurricane fees seen

Jun 2, 2008

Palm Beach Post–Friday, May 30, 2008 By RANDY DIAMONDPalm Beach Post Staff Writer Hurricane season begins Sunday, and if the worst-case scenario comes to pass, Florida residents will be facing a world of additional financial hurt on top of whatever …

OIR Issues Final Order in Hartford Rate Challenge

Jun 2, 2008

Florida Insurance Commissioner Kevin McCarty today, Monday, June 2, 2008, affirmed the ruling of an administrative law judge regarding the rate filing challenge between the Office of Insurance Regulation and The Hartford Companies (“Hartford”). The commissioner’s Final Order officially disapproves …

Capitol to Courthouse Headliners: Monday, June 2

Jun 2, 2008

“Florida is more vulnerable than ever to the devastating effects of a hurricane.” Dr. David A Sampson, President and CEO (above) Property Casualty Insurers Association of America To view a complete story, click on a headline below: DR. DAVID A. …

FWCJUA Investment and Operations Committee Reports: May 30

Jun 2, 2008

On Friday, May 30, 2008, the Florida Workers Compensation Joint Underwriting Association (“FWCJUA”) held an Operations Committee (“Committee”) meeting to discuss various items, including: Legislative matters The FWCJUA fixed administrative expense reimbursement policy Disaster recovery matters The telecommuting policy Budget …

Citizens Actuarial & Underwriting Committee May Meeting Report

Jun 2, 2008

Recently, Citizens Property Insurance Corporation (“Citizens”) held an Actuarial and Underwriting Committee (“Committee”) meeting to discuss Florida’s 2008 Legislative Session, and receive updates on regional underwriting, the disputed claims appraisal process, multi-peril quote acknowledgment and agent communication efforts. To view …

Insurers see greater risk of hurricanes and charge more

Jun 1, 2008

Posted on Sun, Jun. 01, 2008 BY BEATRICE E. GARCIA AND EVAN S. BENNScientists disagree about whether global warming is promoting more hurricanes — but here’s an inconvenient truth:As the 2008 storm season begins, the insurance industry isn’t waiting for …