AIG faces lawsuit by Florida pension fund

May 22, 2008

Reuters–May 22, 2008 (Reuters) – A Florida pension fund has filed a lawsuit against American International Group Inc (AIG.N: Quote, Profile, Research) and four top officials, including Chief Executive Martin Sullivan, for allegedly issuing false and misleading statements relating to …

June 2 deadline on Poe Financial claims

May 22, 2008

Miami Herald–May. 21, 2008 Homeowners insured by one of the three Poe Financial companies — Atlantic Preferred, Florida Preferred and Southern Family — have until June 2 to resolve any open claims. The companies failed in 2006 and were taken …

Three Bay area insurers get OK to take out Citizens policies

May 22, 2008

May 21, 2008–Tampa Bay Business Journal The Florida Office of Insurance Regulation approved the plans of six insurance companies, including three from the Tampa Bay area, to remove 100,000 policies from Citizens Property Insurance Corp. in June. The approval is …

Wholesale Broker Westrope Launches Florida Operation

May 22, 2008

Insurance Journal–May 22, 2008 Kansas City, Mo.-based Westrope established a new office in Brandon, Florida. Westrope Insurance Managers of Florida is a multi-line wholesaler providing binding authority programs and small to medium sized brokerage placements throughout Florida and surrounding states. …

Capitol to Courthouse Headliners: Thursday, May 22

May 22, 2008

  To view a complete story, click on a headline below:   Allstate wants state Supreme Court to clarify legal issues The ban on selling new insurance policies has been lifted and Allstate has promised to cooperate with state regulators. …

Crist signs health insurance bill to give no-frills coverage

May 21, 2008

Miami Herald–May 21, 2008 By DAVID ROYSE Some uninsured Florida residents may be able to more easily get health care coverage under legislation signed Wednesday by Gov. Charlie Crist. The new law lets insurance companies offer scaled-back health plans without …

Crist, Marino cheer autism insurance law

May 21, 2008

Miami Herald–May. 21, 2008 BY MARC CAPUTO For the first time, large insurance plans in Florida must offer up to $200,000 to diagnose and treat autistic children, under a law Gov. Charlie Crist signed Tuesday morning. Flanked by grateful parents …

FEMA changes rules on flood insurance discount

May 21, 2008

Tampa Bay Beach Beacon–May 20, 2008 By BOB MACPHERSON INDIAN SHORES – The Federal Emergency Management Agency has changed its rules and will no longer offer the town’s 20 percent premium discount on certain flood insurance policies. Indian Shores and …

Official: We’re ready for hurricane season

May 21, 2008

Florida Today–May 20, 2008 BY JAMES DEAN FLORIDA TODAY VIERA—Brevard is ready for the hurricane season starting June 1, Brevard County’s top emergency manager told county commissioners this morning. “We had a little practice here recently with the wildfires,” said …