Catastrophe fund needs a bailout

May 19, 2008

Insurance surcharge may be on way By GABRIELLA SOUZAgsouza@news-press.comNews-Press.com–May 17, 2008 The possibility Florida residents could soon be faced with higher surcharges on their home, auto and other insurance policies because the state’s catastrophe fund needs more money to pay …

Can smaller insurers tackle big storms? Florida says yes

May 19, 2008

Orlando Sentinel–May 17, 2008 Anika Myers Palm Sentinel staff writer About 100,000 Florida homeowners are facing the 2008 hurricane season with a different insurer. Many were dropped by larger companies and now have policies with smaller, newer insurance companies with …

Home insurer for rich reaps $17 million in help from state

May 19, 2008

Palm Beach Post–May 18, 2008 By RANDY DIAMOND Palm Beach Post Staff Writer A property insurance company devoted solely to insuring the houses of Florida’s richest residents received a $17 million low-interest state loan that enabled multimillionaires to save an …

EDITORIAL: Insurance dilemma

May 19, 2008

Hurricane season starts in two weeks. Bradenton Herald–May 18, 2008 Even more frightening: One of the biggest pocketbook issues over the past year – property insurance rates – got short shrift from the Legislature this session. There was plenty of …

Capitol to Courthouse Headliners: Monday, May 19

May 19, 2008

  To view a complete story, click on a headline below:   Catastrophe fund needs a bailout Insurance surcharge may be on way The possibility Florida residents could soon be faced with higher surcharges on their home, auto and other …

Florida insurance commissioner still reviewing Allstate deal

May 16, 2008

Florida Today–May 15, 2008 By Paul FlemmingFlorida Capital Bureau Insurance Commissioner Kevin McCarty and his legal team today continue to review a proposed deal with Allstate Floridian to get the company back in business. The company and its affiliates remain …

Florida Insurance Commissioner McCarty Stays Allstate Suspension

May 16, 2008

Capitol to Courthouse Newsletter–May 16, 2008 Florida Insurance Commissioner Kevin McCarty today, May 16, 2008, announced that he has ordered a stay of the suspension of the Allstate Companies’ licenses to sell new business in Florida. Commissioner McCarty’s decision comes …

’05 storm bills on the rise

May 16, 2008

Miami Herald–May 16, 2008 BY BEATRICE E. GARCIA Floridians are still paying for the hurricanes of 2005 — and the tab is growing. The Florida Hurricane Catastrophe Fund soon could be tapping all state residents holding insurance policies to raise …