Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Introduces Bill to Protect Businesses from COVID-19 Lawsuits
Jan 27 2021 // Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow state-issued guidelines to prevent the spread of COVID-19 under a proposal approved Monday at its first Senate committee...
Purmort & Martin Insurance Agency Acquires Jeff DeJongh & Associates of Florida
Jan 27 2021 // Sarasota, Fla.-based Purmort & Martin Insurance Agency, a locally owned insurance agency, has acquired Jeff DeJongh and Associates to further expand its presence in the region. Located in Sarasota, Fla., Jeff DeJongh...
Real Estate Developer The St. Joe Co. Forms Watersound Insurance Agency in Florida
Jan 26 2021 // The St. Joe Company, a Northwest Florida-based real estate developer and asset manager, has formed Watersound Insurance Agency, LLC, a new venture offering personal and commercial insurance services in Northwest Florida....
Keeping Up with Changes in Florida’s Growing Private Flood Market
Jan 25 2021 // Flooding is America’s number one natural disaster and as the highest “at risk” state in the country, Florida is the epicenter for all things flood insurance. Since 1968, when procuring flood insurance,...
Florida’s Citizens Ends Moratorium on Cancellations, Nonrenewals
Jan 25 2021 // After extending the moratorium on cancellations and nonrenewals put into place at the start of the pandemic, Citizens Property Insurance Corp. has announced it will resume processing these as of Feb. 1, 2021. The Florida...
The Villages Insurance Partners of Florida Adds Allstate Agent Sheats
Jan 21 2021 // The Villages Insurance Partners of Florida has added Alexis Ball-Sheats to its team of Personal Lines Risk Consultants. Ball-Sheats will be one of three licensed risk consultants at the agency’s Mulberry Grove...
Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation: Report
Jan 20 2021 // Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the market, consumers, and ultimately, the state’s economy,...
Florida’s Citizens Ends Moratorium on Cancellations, Nonrenewals
Jan 14 2021 // After extending the moratorium on cancellations and nonrenewals put into place at the start of the pandemic, Citizens Property Insurance Corp. has announced it will resume processing these as of Feb. 1, 2021. The Florida...
Delivery Driver Killed in Drywall Accident at Florida Home Depot
Jan 13 2021 // A delivery driver was killed Sunday night when a load of construction materials fell on him at a Home Depot store in Florida, police said. News outlets report that a load of drywall struck 47-year-old Cyrenus Leroy Amon...
Fitch: Florida Homeowners’ Insurers Performance Deterioration Continues
Jan 13 2021 // Florida homeowners’ insurance specialists are reporting continued performance deterioration and a decline in capitalization levels, despite the most severe losses from the record 2020 hurricane season occurring...
Blackstone Makes ‘Significant’ Investment in Florida-Based SUNZ Holdings
Jan 11 2021 // SUNZ Holdings, LLC has announced that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not...
Florida Market Stabilization Critical to Reducing Citizens’ Exposure: Study
Jan 11 2021 // Florida’s fluctuating and volatile private market may be instigating long-term policy growth for Citizens Property Insurance Corp. and creating serious obstacles to its position as the state’s residual insurer,...
Gallagher’s Centeno Joins Lockton in Florida
Jan 8 2021 // Lockton Companies has hired Michele Centeno as a senior vice president in its Fort Lauderdale, Fla., office. In her role, Centeno will further expand Lockton’s client service options in the professional and financial...
LUBA Workers’ Comp Acquires Florida-Based FHM Insurance Services
Jan 7 2021 // The board of directors of LUBA Workers’ Comp, a regional casualty insurance company insuring businesses across the Gulf South, has approved the acquisition of Florida based FHM Insurance Services. FHM Insurance Co.,...
Commentary: Florida Adoption of Federal Judgment Standard a Win for Insurers
Jan 6 2021 // The way liability claims are litigated in Florida will dramatically change, possibly shifting the balance of power in pre-trial negotiations closer to favoring defendants and their insurance companies after the Florida...
Florida Court Upholds Policyholder Right to Assign Benefits
Jan 5 2021 // An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Florida 3rd...
Newly Appointed Florida Deputy CFO to Focus on Insurance Fraud
Jan 4 2021 // Former Secretary of the Florida Department of Corrections Julie Jones has been appointed Deputy Chief Financial Officer within the Office of Chief Financial Officer, according to a statement from the Florida Department of...
Constellation Affiliated Acquires Coastal Insurance Underwriters, Cybercom of Florida
Dec 30 2020 // Constellation Affiliated Partners has acquired Florida-based MGU Coastal Insurance Underwriters and Cybercom. Financial terms of the transaction were not disclosed. Coastal Insurance Underwriters, founded by President and...
Florida’s Altmaier to Assume NAIC Presidency for 2021
Dec 29 2020 // The National Association of Insurance Commissioners (NAIC) will have officers for 2021. The newly-elected officers will assume their duties on Jan. 1, 2021. Members of the association of regulators elected these leaders...
New AAIS Fire Risk Model Approved by Florida Regulator
Dec 23 2020 // Insurance advisory organization AAIS (American Association of Insurance Services) has received approval from the Florida Office of Insurance Regulation for its new predictive model. The AAIS Fire Loss and Mitigation...
