Shrinking payrolls and receipts exacerbate soft market effects of lower premiums and commissions Southeast insurance agents do not all agree the economy is in a recession or on the causes of the slumping economy, but they do agree the dominoes …
The First District Court of Appeals of Florida ruled today that a suspension of Allstate Insurance Company’s certificates of authority to transact new insurance business in Florida is back in effect. Today’s court ruling means that the suspension goes back …
Tennessee is taking delivery of mobile homes from the Federal Emergency Management Agency to temporarily house Macon County tornado victims. While FEMA trailers have been scrutinized recently over reports of exposing occupants to relatively high levels of toxins, Jeremy Heidt, …
Legislation passed by the Florida Senate this week would reduce the amount of state-funded reinsurance that insurers can purchase under the temporary increase in coverage limit (TICL) program. The Senate bill would reduce the amount of optional TICL coverage offered …
The Florida Chamber of Commerce would ideally like to see lawmakers repeal the property insurance law HB1A passed in 2007 but would settle for lowering assessments of businesses or giving businesses the option of buying policies that can’t be assessed …
A special committee appointed by the Florida Senate has recommended that the state restrict what reinsurance costs insurers can include in their rates and strengthen the excess profit law. Those are two recommendations from a special Senate panel appointed by …
As Atlanta continues to clean debris away from downtown streets after a devastating tornado pummeled the southern capital last week, Gov. Sonny Perdue tallied damages in a letter to the president, requesting federal emergency declaration status. Today Bush issued a …
By unanimously passing the Fire Prevention and Control Bill, Florida Representatives would expand the state fire marshal’s investigative and enforcement functions. The Florida House Committee on Financial Institutions passed the bill in Tallahassee on March 20. The bill provides for …
Florida Gov. Charlie Crist signed an executive order Thursday, authorizing an emergency declaration for Columbia County and Lake City in the wake of devastating tornadoes that struck the area earlier this month. On March 7, a line of fast-moving thunderstorms …
The Florida Senate Select Committee on Property Insurance Accountability wants to restrict reinsurance costs in rates and strengthen the excess profits law among other things. Co-chaired by Sen. Jeff Atwater, R- North Palm Beach, and Senate Democratic Leader Steve Geller, …
