Category: Archive – Seminars

State Farm to trim auto insurance rates in Florida

Oct 6, 2008

Orlando Sentinel–October 4, 2008 By Julie Patel | South Florida Sun-Sentinel   State Farm Mutual Automobile Insurance Co., the largest automobile insurer in Florida, will slightly lower its statewide average annual premium this month, the insurer said Friday. The rate cut, …

Taxpayers on the hook for $400M in liability if the big one hits

Oct 6, 2008

Charlotte Sun and Weekly Herald–October 5, 2008    By TERRY O’CONNORNorth Port Assistant Editor PORT CHARLOTTE — A fourth consecutive Florida hurricane season without a cataclysm like Hurricane Charley continues to place homeowners on more even footing with their property insurance …

Rampant Medicare fraud suspected in Miami

Oct 6, 2008

USA Today–October 5, 2008 By Julie Appleby, USA TODAY Home health care costs charged to Medicare in the Miami area have risen 20 times the national average in the past five years, prompting a federal investigation of suspected fraudulent billing. …

Creator of catastrophe risk model broadens focus

Oct 6, 2008

Karen Clark created the first computer model to help insurers better gauge the losses they might face after a major catastrophe. Now she is working with insurers to use the models more wisely. BY BEATRICE E. GARCIAMiami Herald–October 6, 2008 …

Insurance-Related Meetings for the Month of October

Oct 6, 2008

Insurance-Related Meetings: Month of October, 2008 Week of October 6-10 Monday, October 6 NAIC The National Association of Insurance Commissioners (“NAIC”) held a regulator-to-regulator meeting of the International Solvency and Accounting Working Group on Monday, October 6 at 11:00 a.m. …

State-backed insurer backs off plan for new office

Oct 2, 2008

Gainesville Sun–October 1, 2008 The Associated Press In the wake of criticism by key lawmakers, the state-backed property and casualty insurer, Citizens, is backing off plans to seek a new, larger office complex that once included a gymnasium, cafeteria and …

Florida-based Main Street America Acquires Great Lakes Casualty

Oct 2, 2008

Insurance Journal–October 2, 2008 The Main Street America Group, based in Jacksonville, Fla., completed its acquisition of Great Lakes Casualty Insurance Co., a Michigan-domiciled private passenger auto insurance carrier, from Newco Financial Holdings Inc. All Great Lakes personnel have become …

Under state scrutiny, Citrus Health Care stops marketing

Oct 2, 2008

Florida Health News–October 1, 2008  By Christine Giordano Even as MD Medicare Choice was collapsing this week, another Tampa-based Medicare plan that has been under state scrutiny over its finances stopped writing new business.  Citrus Health Care, which has 41,000 …

Insurers may face class-action lawsuit

Oct 2, 2008

Bradenton Herald–October 2, 2008 Gov. Crist is pushing for a class-action lawsuit against the property-insurance industry, saying it is cheating Florida homeowners. Railing against the failure of the insurance industry to pass on savings to Floridians after the state took …