Category: Florida News

  Florida’s First Hurricane in 11 Years “Could Have Been a Lot Worse” for Insurers While Preliminary Damage Estimates and Claims are still trickling in from Hurricane Hermine, Florida’s first named Hurricane since 2005, the consensus from the Insurance Industry …

  Florida Reports Success in Invasive Snail Eradication Effort The snails eat over 500 kinds of plants as well as plaster and stucco.  They also can carry parasites that can cause meningitis in humans.  The Associated Press reports via the …

  Hermine:  Losses Seen Up To $500M, Could Have Been Worse, Insurers Say An early Estimate puts losses approaching $500 Million for the first Hurricane to make landfall in Florida in more than a decade, but Hermine turned out to …

  The Florida Office of Insurance Regulation (“OIR”) and the Department of Financial Services (“DFS”) advised today, September 8, 2016, that they have been made aware of a scam involving the unauthorized use of Florida Insurance Commissioner David Altmaier’s name …

  In a Bulletin issued September 7, 2016, the Florida Hurricane Catastrophe Fund advised Participating Insurers on reporting requirements in the wake of Hurricane Hermine. To view the complete Bulletin, click here. Extensive Florida Hurricane Catastrophe Fund information is also …

  Jack Latvala Wants Answers After Tallahassee’s Hermine Experience Senator Jack Latvala is questioning whether Community-Based Power Operations—such as City of Tallahassee Utilities—are positioned as well as they could be to recover after major storms. Tallahassee Officials say they did not …

  Florida Approves Nearly 70K Citizens Policies for November Take-Outs The Florida Office of Insurance Regulation has approved various Insurers to participate in the November Citizens Property Insurance Corp. Take-Out Period.  The total number of Policies approved is 69,746, Insurance …

  Florida Governor Cancels Zika Trip to Washington After Storm Florida Governor Rick Scott has canceled a trip to Washington, where he was to meet with Congressional Leaders about funding for the Zika Virus. Power Struggle? Tallahassee, State at Odds …

  Hermine Won’t Blow Over the Property Insurance Industry Wall Street insurance analysts have been putting out notes over the past few days saying that the cost of the damage inflicted by the storm is likely to be manageable for …

  A.M. Best Upgrades Ratings of State Farm Florida Insurance Company A.M. Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Issuer Credit Rating (ICR) to “BBB” from “BBB-” of State Farm Florida …