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Category: Headlines

Primary decides nearly half of legislative seats

TALLAHASSEE — The winners of almost half of the 120 Florida House seats have already been decided — or are all but decided. After Tuesday’s primary elections, 46 seats have been won, either by candidates running unopposed or by candidates who emerged from the primaries without opposition in the November

Professional home inspections important when buying a home

Home inspections have become an important part of the home-buying process, as insurance companies no longer automatically insure homes constructed with outdated building codes, and financial institutions seek assurances the homes they are financing are free of defects. The state of Florida began licensing home inspectors in 2010. Many of

Citizens Insurance Seeks Cuts for Inland Clients

TALLAHASSEE | Citizens Property Insurance Corp. wants state regulators to reduce base rates for the majority of its policyholders for the first time since a move to artificially lower rates ended in 2009. About 70 percent of Citizens’ policyholders, mostly inland residential customers, would benefit from the proposed 5.8 percent

State Farm to Drop Insurance Policies on Manufactured Homes

LAKE WALES | Judi Sprague doesn’t feel like State Farm has been very neighborly lately. For the past 45 years, Sprague and her husband Dan have alternately maintained car, homeowners, and manufactured home insurance policies with the company, famous for its “Like a good neighbor, State Farm is there” slogan.

Office of Insurance Regulation Statement on Annual Workers’ Compensation Rate Filing

TALLAHASSEE – The Office of Insurance Regulation today received the 2015 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average rate decrease of 2.5% – the first decrease in four years. NCCI, which is a licensed rating organization authorized to make rate

The legacy of Florida’s year of 4 hurricanes

For six weeks, Florida reeled under the assault of four hurricanes. First Charley struck Port Charlotte Aug. 13, 2004, with 150-mph winds. It blasted its way into Central Florida five hours later with winds clocked at 105 mph at Orlando International Airport. Hurricane Frances followed on Sept. 5 with lashing

Florida Opens, Closes Surplus Lines Opportunities

The recent legislative session in Tallahassee was relatively quiet, a matter some attribute to this being an election year. But even in quiet years, Florida lawmakers tend to make some noise about the insurance industry and this year was no different. When insurance is a topic among Florida lawmakers, the

Rick Scott: Citizens Property Insurance Needs to Watch Costs

Gov. Rick Scott isn’t convinced that Citizens Property Insurance Corp. should have rebuffed his request for an international travel ban, even if the overseas trips were part of a $3.2 billion deal that saved the state-backed insurer $233 million. At the request of Scott, Citizens President and CEO Barry Gilway