Eight hurricane-free years in Florida and a seller’s market in catastrophe bonds have fortified the state against the cost of major storm damage as the 2014 Atlantic hurricane season starts June 1. “Florida is in its best position in a decade,” said Robert Hartwig, president of the Insurance Information Institute.
When it comes to Florida’s property insurance rates, what a difference a little pressure from the state’s chief financial officer can make. In 2013, most of Florida’s property insurers, as usual, filed for rate increases — despite eight straight years without a hurricane and sharp reductions in insurers’ costs.
TALLAHASSEE — Two top executives at Citizens Property Insurance called for an investigation Monday into the way the state-run insurer handles employees who leave the agency to go to work for companies that receive contracts. Citizens CEO Barry Gilway and chairman of the board Chris Gardner asked the agency’s inspector
— U.S. Sen. Marco Rubio, Florida’s Republican rising star, may be on a collision course with his friend and mentor, GOP elder statesman, former Gov. Jeb Bush. Both politicians are contemplating a run for president in 2016, which would thrust two prominent South Floridians into a scramble for the White
Now that John Thrasher has submitted his resume and letter of interest for the FSU presidency, the question in a lot of minds is not if the influential state senator will get the job but when. he answer may have big implications for control of the Senate in 2016 and
TALLAHASSEE | Sen. John Thrasher hasn’t been named president of Florida State University. At least not yet. But in Tallahassee circles, it’s widely assumed Thrasher will get the top job at his alma mater, and that means behind-the-scenes discussions already have started about who will run for Thrasher’s solidly Republican
To Industry Members, The Office has recently completed a revision to the forms worksheets for major medical and dental products that are compliant with the Affordable Care Act (ACA) standards for products issued on or after January 1, 2014. These worksheets are intended as guidance for companies to comply with
With water bordering three sides of the state and hundreds of inland lakes and rivers, flooding poses a serious and frequent threat to Floridians. Flooding from late April storms left parts of Escambia County in the Panhandle still flooded weeks later. Unfortunately, some residents there did not have flood insurance
In 2008, Florida’s government-run property insurer paid Warren Buffett $224 million to agree to buy its debt if a major storm struck. Six hurricane-free years later, the state is turning investors away. With hurricane season set to start June 1, municipal securities sold by Florida’s taxpayer-owned property insurers are rallying,
Former Florida State President Talbot “Sandy” D’Alemberte has nominated state Sen. John Thrasher to be FSU’s president, filling the void created when Eric Barron was hired by Penn State in mid-February. D’Alemberte’s three-page letter endorsing Thrasher was sent to William Funk, the Dallas-based head hunter hired to help FSU find