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Regulators' brash move to boot Allstate Corp. out of Florida's future auto insurance market sharply raises the stakes in the state's investigations of additional homeowners insurance companies and how they set their rates. ...more
January 17, 2008
What does this have to do with homeowners insurance? Allstate's penalty stems from what state regulators say is the company's failure to comply with subpoenas related to an investigation into rate-setting strategies for homeowners insurance. Allstate is not writing homeowners' policies in Florida under its own nameplate, but its auto insurance business is lucrative. Insurance Commissioner Kevin McCarty said the state is "going to hit them where it hurts." ...more
January 17, 2008
The cost of property insurance for businesses has fallen by 30 percent in some cases, but the state still has much work to do to solve its insurance problems, state Chief Financial Officer Alex Sink said Thursday. ...more
December 13, 2007
First American Title Insurance Co. has agreed to pay $5 million in penalties after the state said it paid "kickbacks" to real estate professionals who referred business to its affiliated title agencies in Florida. ...more
November 17, 2007
State regulators on Friday denied a series of home insurance rate increases proposed by five Allstate companies. ...more
November 17, 2007
What Crist said: "What's most important to me, and I've said it over and over again, is that we have significant rate reduction." ...more
November 4, 2007
Auto accidents occurring in Florida through Feb. 15 may have to be hashed out in court under legislation winding its way through the Capitol. ...more
October 4, 2007
TALLAHASSEE - Auto accidents occurring in Florida through Feb. 15 may have to be hashed out in court under legislation winding its way through the Capitol. ...more
October 3, 2007
TAMPA - State Farm, Florida's second-largest property insurer, will lower home insurance rates 2 percent statewide under an agreement with state regulators, company and state regulators announced today. ...more
October 2, 2007
Millions of Floridians today should find out whether their homeowners insurance company wants to raise or lower their rates. ...more
October 2, 2007
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