Florida lawmakers need to make some smart decisions on reducing the risk for Florida property owners from hurricane damage, the state’s chief financial officer said Thursday. In a letter to key legislative leaders, CFO Alex Sink said property owners cannot …
The state board that oversees the fund designed to pay homeowner claims in the event of a catastrophic hurricane searched this week for ways to reduce its risk with hurricane season only months away. The Board of Administration, comprised of …
Florida Gov. Charlie Crist’s political mantra has been to hold down property insurance rates, taxes and almost anything else costly for people he wants voting for him next year. Whether Crist seeks re-election or Mel Martinez’s U.S. Senate seat, his …
State Farm Florida has lost hundreds of millions of dollars in the state in the last decade and risks insolvency if it continues writing property insurance here, company executives told a legislative committee this week. Jim Thompson, president of State …
The Florida Supreme Court declined Wednesday to grant Allstate Corp. an injunction to force Florida insurance regulators to let the company write new car insurance and other policies in the state. The company sought the action after the Office of …
Allstate’s 1,100 insurance agents in Florida are still in business, thanks to a mistake Monday by a Florida appeals court. Less than an hour after issuing an order denying Allstate’s appeal of a state-ordered suspension, the 1st District Court of …
Allstate’s companies doing business in Florida will have to stop writing new policies after April 14 if the insurance giant fails to apply for a rehearing by then, state officials said Tuesday. Allstate spokesman Adam Shores said the company would …
Property insurance wasn’t supposed to be the big issue in the 2008 Florida Legislature. To the chagrin of many lawmakers, it just won’t go away. Legislators thought they’d largely taken care of the issue last year when they passed a …
Allstate insurance companies can keep on writing new policies in Florida under an appeals court ruling that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the standoff. The state’s 1st District …
After two more days of grueling questions to Florida state regulators and insurance company executives, a special Senate panel wrapped up its business Tuesday as confused as when it began. In fact, the Select Committee on Property Insurance Accountability decided …
