Hurricane Season News

Floridians Urged: Make Storm Preparations, Take Advantage of Sales Tax Holiday

Attorney General Charlie Crist has advised Floridians to prepare for hurricane season, which begins June 1. Preparations include purchasing supplies that could be needed during an evacuation or in the event of power outages and the unavailability of fresh water …

Auto insurance costs hold steady; industry cites safety, less accidents as the cause

News Currents The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and fraud-fighting efforts are …

Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report

Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society Bench-mark Survey. The survey, conducted by Advisen Ltd., …

Despite catastrophe losses, soft pricing continues in commercial insurance market, buyers report

Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society Bench-mark Survey. The survey, conducted by Advisen Ltd., …

Auto insurance costs hold steady; industry cites safety, less accidents as the cause

The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and fraud-fighting efforts are some forces …

Fla. Hurricane Sales Tax Holiday Begins Sunday May 21

Florida’s 12-day Hurricane Sales Tax holiday begins Sunday May 21 and continues through June 1, during which time residents will not pay state sales taxes on a variety of items to prepare for the upcoming hurricane season. The 12-day holiday …

Fla. AG Crist Announces Hurricane Preparedness Policy

A “Prepare, Respond and Recover, Florida!’ plan for surviving the upcoming hurricane season has been announced by Charlie Crist, Florida Attorney General and a candidate for governor. Announcing the details of the plan capped off a week of hurricane related …

Fla.’s Goal: Have Hurricane Program Functional in 60 Days

Hurricane season begins in June 1 and Florida’s Department of Financial Services employees are hurriedly attempting to help thousands of Floridians strengthen their homes against hurricanes and save money on insurance premiums, Tom Gallagher, Florida’s CFO told Insurance Journal. Gallagher …

Florida Certifies Hurricane Model for the Tenth Consecutive Year

The Florida Commission on Hurricane Loss Projection Methodology has certified AIR Worldwide Corp.’s 2006 Hurricane Model. This marks the tenth consecutive year that AIR has met the rigorous standards of the Commission since the Commission’s inception in 1996, when AIR …

S&P Raises Citizens Property Insurance Rating to A+

Standard & Poor’s Ratings Services has raised its rating on Citizens Property Insurance Corp., Fla.’s $1.6 billion of high-risk account senior-secured debt to ‘A+’ from ‘A’ and assigned its ‘A+’ preliminary rating to Citizens’ new $3.2 billion high-risk account senior-secured …