As expected, the state’s troubled property insurance market dominated the just-concluded session of the Florida Legislature, according to the American Insurance Association in Atlanta. The session concluded Friday night just after legislators approved a hotly debated, comprehensive property insurance measure. …
The sixth annual Murray Bros. Caddyshack Charity Golf Tournament will be held May 18 to 19 at the World Golf Village in St. Augustine, Fla. The event benefits the St. Vincent’s Mobile Outreach Ministry and Brave Kids. The tournament, hosted …
Two commercial marine continuing education seminars are scheduled May 17 in Atlanta by LIG Educational and Consulting Services Inc. of St. Petersburg, Fla. The seminars are designed to provide quality education and instruction for insurance professionals including the agent, broker, …
Florida’s Legislature responded to a pandemic of staged accidents by passing the most-sweeping fraud reforms of any state this year, according to the Coalition Against Insurance Fraud. “The legislature realizes how serious a problem that entrenched staged-accident rings have become,” …
American Mercury and Mercury Insurance companies have agreed to refund more than $2 million to their policyholders in Florida, according to Tom Gallagher, Florida CFO. According to the state’s Office of Insurance Regulation, its examination of the two companies was …
The Florida Legislature passed and sent to Gov. Jeb Bush a plan Friday they hope will be a long-term fix for the state’s ailing property insurance market but one that its architects admit won’t provide much short-term relief for residents …
An insurance company is refusing to pay $1.6 million to settle a lawsuit filed in Fort Lauderdale, Fla. between a shipbuilder and Tiger Woods over use of the golfer’s name and a photograph of his luxury yacht “Privacy” to promote …
Securing insurance on the storm-battered Gulf Coast is a “tough issue” but should not discourage companies from investing in the region, White House hurricane recovery czar Donald Powell assured a gathering of business leaders meeting in Biloxi, Miss. Friday. Powell …
A man was indicted in Winchester, Tenn. last week on charges of impersonating a doctor and defrauding insurance companies for six years while working at his father’s practice. Dennis Charles “Chuck” Arellano was indicted May 1 on one count of …
The hurricane insurance package passed by the Florida Legislature just before adjournment Friday night is the most significant property insurance bill since major legislation following Hurricane Andrew in the early 1990’s. Florida Insurance Council members largely support the package, although …
