Category: Florida News

Court bans Allstate from doing new business in Florida

May 15, 2008

Insurance commissioner expects company to open their books to state officials Paul FlemmingFlorida Capital BureauNews-Press–May 14, 2008 TALLAHASSEE — With the muscle of a favorable court ruling behind him, Florida Insurance Commissioner Kevin McCarty expects a certification from Allstate Floridian …

What does this mean for existing policyholders?

May 15, 2008

Miami Herald–May 15, 2008 BY BEATRICE E. GARCIA Florida Insurance Commissioner Kevin McCarty has suspended Allstate companies from writing new policies in Florida for refusing to comply fully with a state subpoena. How does this move affect policyholders? Here are …

Allstate cannot write new policies in Florida

May 15, 2008

The state bars the insurer from writing policies till it complies with a subpoena. Anika Myers PalmSentinel Staff WriterOrlando Sentinel–May 15, 2008 No new policies for Allstate — at least for now. The state has once again blocked the giant …

Get ready to dig deeper

May 15, 2008

St. Petersburg Times–May 14, 2008 By Jennifer Liberto, Times Staff Writer TALLAHASSEE — Floridians’ bill for the 2004 and 2005 hurricanes is about to grow another $600-million. The state catastrophe fund, which sells cheap reinsurance to insurers, needs to collect …

Fires test new insurers, homeowners’ policies

May 15, 2008

Agents go to work for owners of burned homes Florida Today–May 15, 2008 Wildfires probably were not the catastrophe Brevard County homeowners feared most as thousands scrambled in recent months to find companies to insure their homes. But as hurricane …

Capitol to Courthouse Headliners: Thursday, May 15

May 15, 2008

  To view a complete story, click on a headline below:   Court bans Allstate from doing new business in Florida With the muscle of a favorable court ruling behind him, Florida Insurance Commissioner Kevin McCarty expects a certification from …

FHCF Advisory Council Meeting Report: May 14

May 14, 2008

On Wednesday, May 14, 2008, the Florida Hurricane Catastrophe Fund (“FHCF”) Advisory Council (“Council”) met in Tallahassee, Florida for the purpose of reviewing the 2008 Legislative Session, May bonding estimates and other issues affecting the FHCF. To view the meeting …

Appeals court: State can bar Allstate

May 14, 2008

Miami Herald–May. 14, 2008 An appeals court says the state can prevent Allstate Companies from selling new property insurance policies in Florida. The 1st District Court of Appeal ruled Wednesday that a state ban on new policies by the company …

108 fires raging in state, leveling homes

May 14, 2008

Miami Herald–May 14, 2008 BY PHIL LONG Firefighters appeared to be winning their battle on Tuesday against wildfires that destroyed more than 60 homes in this Brevard County community — fires that authorities believe were intentionally set. Though blazes were …