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 …

NAIC Catastrophe Reserve Working Group Convenes First Meeting

May 15, 2008

On Wednesday, May 14, 2008, the National Association of Insurance Commissioners (“NAIC”) held the inaugural meeting of the 2008 Catastrophe Reserve (C) Working Group (“Group”). The meeting was called to order by Eric Nordman, NAIC Director of Research. Regulators 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 …

At hurricane conference, attention turns to fires

May 14, 2008

Orlando Sentinel–May 14, 2008 Juan Ortega South Florida Sun-sentinel FORT LAUDERDALE George Robins says disaster has weighed heavily on his mind lately. As he sat in a class about emergencies at the Broward County Convention Center on Tuesday, he also …

Fla. wildfires hit 160 homes; arsonists sought

May 14, 2008

Bradenton Herald–May 13, 2008 By TRAVIS REED Associated Press Writer Investigators searched Tuesday for one or more arsonists behind a string of stubborn wildfires that have destroyed or damaged more than 160 homes on Florida’s Atlantic coast. Firefighters in Brevard …

Board won’t exclude 2 investment firms from Fla. bidding

May 14, 2008

The Gainesville Sun–May 13, 2008 The Associated Press TALLAHASSEE, Fla.- Two major investment firms will advise Florida on financing its hurricane catastrophe insurance fund although Gov. Charlie Crist tried to exclude them Tuesday. Crist wanted to keep Lehman Brothers and …

Update: Governor Comments On Allstate Suspension Reinstatement

May 14, 2008

Update: Florida Governor Charlie Crist issued the following statement regarding the reinstatement of the Allstate Companies’ Florida suspension: “Floridians across our state have suffered due to the high cost of insurance. I applaud today’s action by the 1st District Court of Appeal regarding …