AmCOMP contests OIR claim of excessive profits

Jun 12, 2008

South Florida Business Journal–June 11, 2008 AmCOMP said it has it filed a petition requesting a hearing to review a claim by the Florida Office of Insurance Regulation that it realized $11.7 million in excessive profits. In May, the OIR …

Florida Startup Cuts Home Insurance Rates

Jun 12, 2008

National Underwriter–June 11, 2008 BY TIFFANY REIDNU Online News Service Olympus Insurance Company, one of the newer entries in the Florida marketplace, said it is offering rate decreases of up to 35 percent in northern and central Florida. A spokesman …

Global warming spurs new flood worries

Jun 12, 2008

Water management officials studying ways to protect water supplies, structures from rising threat By VALLI FINNEYNaples Daily News–June 11, 2008 Will global warming cause the sea level around Florida to rise quicker than expected? If so, officials from the South …

Capitol to Courthouse Headliners: Thursday, June 12

Jun 12, 2008

  To view a complete story, click on a headline below:   Homeowners sue state over insurer Poe A nonprofit agency formed by the Legislature to pay claims of the insolvent Poe property insurance companies has been slow to respond, …

Governor Signs Budget; All DJJ Items Intact

Jun 12, 2008

Governor Charlie Crist signed Florida’s $66 billion 2008-2009 budget on June 11, 2008.  Three budget items were vetoed: 1. $300,000 for the Harris Chain of Lakes Restoration 2. $840,000 for Exponica International 3. $250 million that would have been taken from Citizens’ Property Insurance …

Governor Signs Insurance Bills, Budget

Jun 11, 2008

Governor Charlie Crist today, June 11, 2008 signed four insurance-related bills into law: 1st Eng. HB 5043: Relating to Financial Services, sponsored by Representative Ron Reagan (revises the required percentages of funds collected pursuant to certain taxes on surplus lines …

Capitol to Courthouse Headliners: Wednesday, June 11

Jun 11, 2008

  To view a complete story, click on a headline below:   Hundreds of ex-Poe policyholders sue state Nearly 600 lawsuits were filed in South Florida against the state agency that’s handling claims for the three defunct Poe Financial insurance …