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Insurance potpourri

Lakeland Linder officials say base will be ready for Hurricane Hunters by May 1


The new home base for the National Oceanic and Atmospheric Administration's Hurricane Hunters at Lakeland Linder Regional Airport is on schedule to meet the 2017 Atlantic hurricane season, airport officials said.

Breaking: Florida’s first hurricane in 11 years, no record of hurricane-force winds on land


The National Hurricane Center released its postmortem this week on Hermine, the first hurricane to make landfall in Florida since 2005’s Hurricane Wilma.

Another hurricane? It's possible, but unlikely to threaten Florida


Just when we thought hurricane season was pretty much over, a reminder that it isn't. A smattering of clouds and showers in the southwestern Caribbean Sea is likely to become a tropical depression by the end of the weekend, and possibly a tropical storm or hurricane, forecasters say.

St. Augustine businesses say they’re open, ready for visitors again


Like a lot of business owners and managers in St. Augustine, Cindy Stavely had no idea what she was going to see when she visited the bayfront Saturday morning.

5 Questions with Stacey Giulianti: co-founder of Florida Peninsula Insurance Company on hurricane insurance


Boca Raton-based Florida Peninsula Insurance is the fifth largest home insurance provider in Florida serving over 140,000 customers. We asked co-founder Stacey Giulianti some questions about hurricane insurance as September is the peak of hurricane season.

Florida to face major flooding from persistent tropical downpours


A slow-moving system will continue the threat of major flooding to northern and western Florida through the middle of this week.

FIU talks hurricane preparedness for this year's hurricane season


Too dangerous to stay or far too great to leave, with hurricane season approaching, you must know how to prepare and evacuate, if necessary. Florida International University has prepared helpful suggestions for the community to know what to do during hurricane season.

Tower Hill markets $5 million flood policy


As Tropical Storm Colin leaves a soggy calling card, Tower Hill Insurance says it is offering flood insurance policies up to $5 million in coastal counties, well above the standard $250,000 available from the National Flood Insurance Program.

Be prepared all year round


Recent tornado activity this past January tells us that “being prepared” is not just for hurricane season. Disaster preparedness is a continuous process of planning, updating your important documents and restocking supplies.

Forecast: East Coast may again escape hurricanes


South Florida would escape a hurricane hit for the twelfth year in a row under the latest forecast issued in advance of the opening of the June 1 opening of hurricane season.

Eye of the storms: Florida insurance commissioner wields far-reaching power


Florida’s insurance commissioner controls rates on property insurance, workers’ compensation plans, automobile, life insurance, medical malpractice and health care claims.

New hurricane forecast calls for busiest season in years


Another unnerving hurricane forecast was released Friday, this one calling for 2016 to be the most active season in years as the global atmosphere adjusts to a fading El Nino.



Thanks to an arcane state law, Florida could enter hurricane season with no one firmly in charge of the state agency responsible for regulating the state’s at-times fragile insurance industry.

Chances of hurricane-friendly La Niña increase


The chances that the global weather pattern christened La Niña will take hold by early fall were increased last week to 70 percent, foreshadowing a hurricane season that for the first time in years is expected to be something other than below-average.

Soaring property insurance rates


With the 2016 legislative session completed, the Florida Legislature has failed to pass a meaningful solution to the assignment of benefits crisis that is now rapidly spinning out of control.

Could 10 year Florida hurricane drought end this year?


Could 10 year Florida hurricane drought end this year?

State Officials Prepare For Hurricane Season


With hurricane season on the horizon, state officials say they’re ready to weather the storms.

Florida Peninsula Featured in Habitat For Humanity of SPBC's Newsletter


Florida Peninsula is a proud sponsor of Habitat for Humanity of South Palm Beach County.

Southwest Florida home sellers getting giant gains


Thanks to fast-rising home prices, Southwest Florida sellers saw a big bump up in average price gains since purchase in 2015 — a percentage that's roughly twice the national average, a new report says.

Florida’s tornado attacks may worsen until El Nino fades


Even for hurricane-wizened Floridians, the eight tornadoes that pulsed through the state this month were soul-shaking, mesmerizing, terrifying.

Home prices rise in South Florida


Home prices across South Florida rose again in November, according to a closely watched barometer of the housing market.

Wind simulations reveal what homes can withstand


As homeowners in Manatee and Sarasota Counties recover from the deadly weekend tornados, a company in Tampa continues its year-round work trying to determine how to help homes withstand the worst weather.

Hurricane Alex weakens, but proof Mother Nature never misses opportunity to impress


Hurricane Alex, only the second January-born Atlantic hurricane on record, is proof Mother Nature never misses an opportunity to impress.

Survey: 2016 won't turn real estate market upside down in South Florida


Real estate insiders expect 2016 to be a strong year for South Florida despite slowing sales and price gains in the condo market, according to a survey conducted by Berger Singerman.

Florida population milestone: More than 20 million reside in Sunshine State


Florida's growth has reached a milestone: For the first time, more than 20 million people live in the Sunshine State.

Will La Nina mean more Atlantic hurricanes for the 2016 season?


Just as El Nino helped protect Florida from tropical cyclones this storm season, hurricane experts are already considering the fate of the U.S. coast in a La Nina year, which 2016 could easily become.



South Florida Business Journal has named Florida Peninsula Insurance Company as the sixth largest Property and Casualty Insurance Company in Florida.

Why hurricanes bypassed Florida for record 10 years


It seemed like just another peaceful hurricane season; not even one single tropical system hit Florida.

10-year record as hurricane season ends with no Florida landfalls


With storm season whimpering to an end Monday, 2015 marks an unprecedented 10 years since a hurricane has hit the Sunshine State.

Florida leads country in homeowners eligible for HARP refinancing


Florida leads the nation in the number of homeowners eligible to refinance under a popular federal program.

High tide flooding expected as full moon and sea levels rise


Coastal waters are expected to swell to their highest levels this year in the coming days, a repeat of last month’s demonstration of Mother Nature’s tidal prowess, and a glimpse into the soggy future of South Florida.

Home sales in the Tampa Bay area continue to sizzle as prices climb


Though down from the torrid pace earlier in the year, Tampa Bay's real estate market showed healthy gains in September with single-family home sales up 14.5 percent and prices up 10 percent.

Report: Miami region fourth-most vulnerable to costly 100-year hurricane storm surge


The Miami area, including Fort Lauderdale and southern Broward County, is the nation's fourth-most vulnerable region to the economic cost of storm surge in a 100-year hurricane, according to a recently released report.

October no time to stop watching for storms


But while Sept. 10 is marked as the height of the Atlantic hurricane season, October is the true pinnacle for Florida, with more landfalls than any other month in the six-month storm stretch.

South Florida has more than twice as much identity theft as other metro areas


When it comes to overall identity theft and credit card fraud complaints, Florida is No. 1 in the country, according to a recent report from NerdWallet.

As Tampa Bay housing market recovers, not all homes are increasing in value


Despite the continuing recovery of the housing market, 18 percent of all Tampa Bay homes lost value between August 2014 and August 2015, according to the real estate data collector Zillow.

Action 9 investigates how emergency contractors can hijack insurance claims


An Orlando woman claims the restoration company she hired to put her life back together after a flood wrecked her home instead, and she's been living without a kitchen for a year and a half.

Weather Wise: FIT working to protect homes from hurricanes


Most of us spend hurricane season hoping that tropical cyclones don't strike either us or nearby areas.

South Florida home sales, prices up in August


Homebuyers are still busy across South Florida, though not as frenzied as before.

Foreclosures down 40 percent from 2014


The region's foreclosure activity plunged nearly 40 percent in August over the year, tracking a statewide trend that saw foreclosures dip to their lowest rate in more than eight years, real estate researcher RealtyTrac reported.

Wind Shear, Dry Air Curb Atlantic Storm Activity at Season Peak


The day during the Atlantic hurricane season when a tropical storm or worse is most likely to be swirling around the basin may come and go with a whimper.

Heavy Rainfalls, Dry Spells Leave Central Florida Susceptible to Sinkholes


Dry spells and heavy rains in central Florida over the past two months have created the perfect mix for sinkholes to develop.

Study: Are we shifting to fewer, weaker Atlantic hurricanes?


A new but controversial study asks if an end is coming to the busy Atlantic hurricane seasons of recent decades.

Improved housing market means fewer underwater mortgages


Fewer South Florida homeowners are plagued with problem mortgages, a new report shows.

Erika's flood watch ends for South Florida; newly formed Hurricane Fred forecast to fizzle


After a wild weather weekend, atmospheric conditions around the region calmed down early Monday. And a new storm that formed off the coast of Africa will turn and dissipate long before it has a chance to affect our weather.

Tropical Storm Erika still aims at South Florida; forecast remains uncertain


Tropical Storm Erika is forecast to approach South Florida as a Category 1 hurricane early on Monday. However, it's still too early to say whether it will brush, hit or bypass the region.

Tropical Storm Danny downgraded to tropical depression


Tropical Storm Danny is no more. The storm has weakened into a tropical depression, according to an 8 a.m. update from the National Hurricane Center in Miami.

Danny strengthens into first hurricane of the 2015 season


While some additional strengthening is forecast during the next 48 hours, it's expected to weaken back into a tropical storm before it reaches the islands of the eastern Caribbean early next week.

Why Americans waiting longer than ever to buy first homes


Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes.

New Map Shows Where Sinkholes Could Occur


Florida geologists are in the process of creating a map that could determine where sinkholes are likely to occur.

Poll finds many in Florida unconcerned about hurricanes


A 10-year drought, perhaps combined with forecasts of a quiet Atlantic hurricane season, have many Florida residents feeling dangerously safe, according to a poll released July 29.

NOAA predicts calm 2015 hurricane season for U.S.


There is a 90% chance of a below-normal hurricane season and a lower chance of expected storm activity, according to the National Oceanic and Atmospheric Administration Climate Prediction Center, which has updated its 2015 Atlantic Hurricane Season Outlook.

National Hurricane Center watching Gulf system, 94L fizzles


The National Hurricane Center is tracking a weak area of low pressure in the Big Bend area of Florida that is producing disorganized shower and thunderstorms across northern Florida.

Heart of the Hurricane Season Starts Now


All 10 of the costliest hurricanes on record in the U.S. have occurred from August through October.

Flood watch in effect for most of Tampa Bay as week begins with more rain


Anticipating more heavy rains, the National Weather Service on Monday placed a flood watch through the evening on all of Tampa Bay except for Hernando County.

NASA develops online tool to predict floods


The U.S. National Aeronautics and Space Administration (NASA) has developed a new computer tool known as the Global Flood Monitoring System (GFMS), which maps flood conditions worldwide.

Lightning-strike fires prove costly for homeowners


It only takes one direct strike for a building to go up in flames, she said. And that one strike can cost a business, or family, everything it has.

Tropical wave forms in the Atlantic, would be Danny


The National Hurricane Center is reporting this morning that a westward-moving tropical wave has formed more than 1000 miles west southwest of the Cape Verde Islands.

Region's prices rise faster than US'


Home prices in Southwest Florida continue to outpace the national rate, but analysts say those increases will cool off in the coming year.

Klotzbach-Gray hold firm on hurricane outlook


Phil Klotzbach and Bill Gray are standing pat on their call for a slower-than-normal season with eight named storms, including three hurricanes – one intense.

Cash buyers still dominate housing market


Cash on the table remains the preferred method of payment for homebuyers in Southwest Florida.

South Florida home values rise, but growth slows


Home values in South Florida rose in April but the overall rate of growth continued to slow, suggesting that an overheated market is still cooling down.

El Niño strengthens, cuts odds of Florida hurricane strike


Renowned for ripping apart storms, the large-scale weather pattern significantly reduces the chance of a hurricane striking this region.

Florida remains lightning leader of the nation


A strip across Central Florida, from Tampa to Titusville, is considered the lightning capital of North America.

Meteorologist: Orlando hits 100 degrees for first time in nearly two decades


Orlando hit 100 degrees Friday afternoon — the first time the area has recorded triple-digit temperatures in 17 years.

With tropics heating up, it's time to do a storm check


Don't base your hurricane plan on the how well you survived the last storm. No two hurricanes are the same, and even if you were spared in past storms, you could get walloped by the next one.

Homebuilders overall outlook for sales rises to highest point in 10 years


Homebuilders sentiment is rising, and traffic from potential buyers rose to its highest level since January, according to National Association of Home Builders/Wells Fargo builder sentiment index released Monday.

Miami-Dade property values up 8.6 percent


New estimates from the county’s Property Appraiser detail the second housing boom under way along the coast, with waterfront cities posting some of the largest gains.

Market improving, but region still distressed


Despite the vastly recovering real estate market, Florida is still has an overabundance of distressed sales

Roof investigation finds questionable wind damage claims


Storms are nothing new to Florida. This is the time of year we see hail and wind storms often.

Hurricane outlook 2015: El Niño could hinder Atlantic storms


This year's Atlantic hurricane season probably will have fewer storms than normal for the third year running -- thanks in part to El Niño, forecasters say.

NOAA: Below-normal Atlantic Hurricane Season is likely this year


NOAA’s Climate Prediction Center says the 2015 Atlantic hurricane season will likely be below-normal, but that’s no reason to believe coastal areas will have it easy.

Buy or rent? It's getting more expensive to be a renter


Rents in April were 4% higher than a year before, according to a report from Zillow.

CFO Atwater Announces Dozens More Arrests Made During Operation Flames and Floods 2


CFO and State Fire Marshal Jeff Atwater, alongside Miami-Dade State Attorney Katherine Fernandez Rundle, today announced 30 more arrests made during the second wave of a collaborative state and local operation known as “Operation Flames and Floods.”

Orlando home sales slowed slightly in April, report finds


Orlando home sales slowed slightly and prices declined from March to April, normally a robust sales period.

Florida's hurricane insurance fund strong for storm season


Florida's state-created fund intended to help pay out claims after a hurricane has reached a historic milestone.

Secret real estate listings you won't find on the market


Just because there isn't a "For Sale" sign in a yard, doesn't mean the homeowner isn't taking offers. You just have to know the right person.

Housing market: Home flipping falls in first quarter


Home flipping declined across South Florida in the first quarter, but the region was still among the nation's most active for home flippers, a new report shows.

Tampa Bay among nation's leaders in all-cash homes sales


Cash continues to be king in Tampa Bay.

Don't be underprepared for a quiet hurricane season


Forecasters say this year's hurricane season may be among the tamest on record, with predications indicating activity could be half of the norm.

New interactive hurricane map details risks you face


If a hurricane is closing in on your neighborhood, the National Weather Service wants you to know what you will likely face.

Home sales, prices continue moderate growth in South Florida


South Florida’s housing market is on the rebound, continuing months of moderately paced growth.

Florida Cabinet approves buying $2.2 billion more in catastrophe insurance


Gov. Rick Scott and Cabinet members voted Tuesday to bolster the state's catastrophic insurance fund with $2.2 billion of added coverage in advance of what forecasters predict will be another quiet hurricane season in Florida.

Hundreds face higher premiums for flood insurance


Legislation that took effect this month — the second time in two years Congress has tweaked the troubled National Flood Insurance Program — allows rate increases of up to 18 percent.

Why Homeowners Should Worry Despite ‘Calm’ Hurricane Forecast


The Colorado State University hurricane forecast for the Atlantic Ocean came out Thursday and called for seven named storms. That would be the fewest since 1997.

For millennials, a housing hitch in Manatee


The youngest generation of Manatee County’s workforce is encountering difficulties finding housing it considers affordable and acceptable.

Florida hurricane building codes drop a notch in 2015 ratings


Florida dropped back to second place, but remains close to the top of the 18 hurricane-target coastal states in building codes.

Home prices rise as inventory stays low


U.S. home price increases continued to rise at a steady pace in January, as the housing market deals with affordability problems and a lack of properties listed for sale.

Housing market improving, but affordability could be an issue


The housing market continues to grow more stable across South Florida, though affordability bears watching this year, mortgage company Freddie Mac said Wednesday.

Homeowners full of questions after questions raised about the safety of laminate flooring


Lumber Liquidators says product is safe

Case-Shiller index shows more softening of home prices


The increase in home prices continues to slow nationwide, though South Florida remains in better shape than most areas.

Sinkholes: Can we forecast a catastrophic collapse?


They form where groundwater dissolves soluble bedrock over hundreds or thousands of years to form underground cavities. Sometimes, when the ceiling of a cavity can no longer support the weight of the overlying sediments, it slowly subsides – or suddenly collapses.

Investor home buying cools in South Florida


When home prices hit bottom in 2012, large investment firms targeted South Florida, but a new report shows the bargain-hunting eventually trailed off.

Florida leaders give update on state's insurance industry


Business leaders are getting an update on the state of Florida's homeowners' insurance industry.

Tax relief in 2015: Florida’s hurricane tax ends


Floridians will experience lower insurance taxes for the first time in nearly a decade starting New Year's Day.

2015 hurricane season predicted to be “the most active and dangerous in 3 years”


Almost six months ahead of the 2015 hurricane season, a Florida-based company is predicting a very active season. See PRESS RELEASE

Hurricane, Flood Standards Development Committee Meets


Experts say forty percent of hurricane property damage comes from storm surge. That's one of the issues the Florida Commission on Hurricane Loss Projection Methodology has to consider when looking at hurricane models.

South Florida's 'Best Places to Work' medium company finalists announced for 2015


Each year, we ask employees across South Florida why their company should be named one of the "Best Places to Work," and, wow, did we get a response.

Florida leads nation in mortgage fraud


Florida leads the nation in mortgage fraud — a dubious distinction the state has held for the past five years, according to a new report from LexisNexis Risk Solutions .

Insurers: 9 year calm means Florida is ready for next hurricane


For a ninth consecutive year, Florida went through the Atlantic storm season hurricane-free, a respite that has allowed the state and property insurers to rebuild from the 2004 and 2005 storm seasons.

Quiet hurricane season stretches Florida streak


The 2014 Atlantic hurricane season, which ends Sunday, extended Florida's increasingly remarkable run: For the ninth straight year, the longest stretch on record, not a single hurricane struck the state.

Why did Florida escape hurricanes for 9 years?


A combination of strong wind shear, dry air and Saharan dust over tropical regions allowed Florida to escape a hurricane strike for a record ninth season, experts say.

Homes evacuated after sinkhole swallows car in Florida


Residents in central Florida on Tuesday monitored the threat of a hole that swallowed a car sitting in a driveway and forced six families to evacuate their homes.

New map can track hurricane flooding from Florida to Maine


In Florida, they found that about 40 percent of the population could face flooding in a powerful storm.

Could Tropical Depression No. 9 hit Southwest Florida?


The ninth tropical system of the season churning just west of the Yucatan Peninsula could become Tropical Storm Hanna in the next day or two.

Subtropical Storm Fay forms in Atlantic, no threat to Florida


A new subtropical depression is now getting better organized about 525 miles south of Bermuda, marking the seventh Atlantic cyclone of a particularly quiet 2014 hurricane season.

Atlantic hurricane season among weakest in decades


This year's Atlantic hurricane season is shaping up to be one of the weakest in decades with only five named storms in the region so far this year.

South Florida cities spared from high tide flooding


The full moon, seasonal high tides and rising sea levels all conspire to pull ocean water onto dry land.

CFO Jeff Atwater Announces Arrests of Five NBRC Roofing Company Employees for $525,000 Insurance Fraud Scheme


The Tampa-based company is accused of leaving 97 homeowners in Hernando, Hillsborough, Manatee, Pasco, Pinellas and Sarasota counties with unfinished roof repairs and liens on their homes after stealing insurance money intended to pay subcontractors.

Hurricane season mostly quiet at midway point


It's been a quiet hurricane so far, but don't tell that to Dennis Feltgen at the National Hurricane Center in Miami.

Slow Florida storm season expected to remain below normal


Since 1981, an average hurricane season has produced 12 named storms, with six hurricanes and three major storms.

Traditional peak of hurricane season off to slow start


The lower-than-average prediction was primarily because of a cooling tropical Atlantic and a weak El Niño.

Hurricane season enters active phase


Since hurricane season began in the Atlantic basin, four named tropical storms have formed and three have strengthened into hurricanes, but the busiest part of the season is just getting started.

Home Depot Investigating Possible Payment Card Data Breach


Home Depot Inc. is working with banks and law enforcement agencies to investigate a potential breach of customer credit- or debit-card data.

Ten years ago, hurricanes Charley, Frances and Jeanne turned Volusia and Flagler into a disaster zone


The cyclone-level gusts leveled trees and billboards. Power was out for more than a week in some neighborhoods and the debris cleanup was going to require patience.

Damage estimated at $1M after Edgewater tornado, New Smyrna storms


Days after an EF-1 tornado touched down in Edgewater, residents continue to clean up the damage left behind.

Florida OIR terminates some Cat Fund Emergency Assessments ahead of schedule


The Florida Office of Insurance Regulation (OIR) said it is terminating a 1.3% assessment on property policies 18 months ahead of schedule.

FEMA Deadline Not the End of Flood Recovery in Florida


Those affected by the spring storms and flooding will still be able to reach the Federal Emergency Management Agency for follow-up questions and will have access to other disaster services and resources after the registration deadline of July 21.

Foreclosures fall in Sunshine State -- except in Central Florida


Central Florida appears to be an island of increasing foreclosure activity in the middle of a state where the business of repossessing houses has declined during the past year, a study released today shows.

Florida homeowners insurance market is strong


The Florida homeowners insurance market is the strongest it has been in 10 years.

2014 hurricane season forecast predicts fewer storms


Even though the coming hurricane season is being predicted as a light one, it is important to note that 1992’s Hurricane Andrew came during one such year.

State Senate passes bill to give Florida flood insurance option


Homeowners could have more flood insurance options than the federally subsidized national program under a measure designed to encourage private insurance companies into the market.

President Obama Will Sign Flood Insurance Relief Bill


President Barack Obama is set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills.

Legislation scales back flood insurance premiums


Realtors say the bill could also prevent the housing market from taking another plunge.

1-year plan for new homebuyers


It’s never too soon to start planning ahead if you hope to buy your first home within the next year.

Short-term rental bill hits snag


The vacation rental industry is flexing its muscle in a fight over whether cities and counties can regulate such properties

8 Florida Metros Among Cities with Highest Foreclosure Rates


One in every 211 homes in Port St. Lucie, Fla., received a foreclosure filing in January 2014

South Florida real estate market has international appeal, developers and investors say


South Florida’s commercial and residential real estate markets remain hot for international investors as well as for homeowners moving from suburbs to downtown cores

The best apps for selling and buying homes


In the fast-paced San Diego real estate game, successful agents are harnessing mobile data to stay two steps ahead while house hopping.

Citizens Insurance shrinks below 1 million policies


For the first time since summer 2006, state-run Citizens Property Insurance has fewer than 1 million policies in force

Jacksonville Business Journal - Kimberlee LaMaster


Sales team, New Hire

Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR Report


The OIR report is based on the top 30 private homeowners’ insurers that represent 70 percent of the state’s overall market.

5 New Year's Resolutions for Your Home


Every year when January rolls around you vow to lose weight, save money or spend more time with family and friends. But what goals do you set for your home?

Florida takes steps to create flood insurance marketplace


The creation of a private flood insurance marketplace has taken its first step forward in Florida.

'Polar vortex' spreads to southern and eastern parts of the US, breaking temperature records


Wind chill warnings stretched as far south as Florida, where cold weather shelters opened up from St. Petersburg to Pensacola

South Florida braces for cold weather, while snow forces massive shutdowns around the country


Tuesday morning was expected to be a cold one for South Florida, but it’s nothing compared to other parts of the country blanketed by heavy snow.

State cracking down on insurance fraud with 1,500 arrests this year


Florida is aggressively pursuing insurance cheats, trying to cut down on fraud in the industry by arresting more than 1,500 people so far this fiscal year.

Home flipping slows in Tampa Bay area


Flippers here grabbed and quickly resold 575 homes between July and September, about half as many as during the same time period last year.

Hurricane season a bit of a mystery...


The first three months of the Atlantic hurricane season have passed without a tropical cyclone reaching hurricane strength, the first time that has happened in more than a decade.

FEMA Head Says Study on NFIP Affordability Could Take 2 Years


The administrator for the Federal Emergency Management Agency said it will take up to two years for a study on affordability issues related to the National Flood Insurance Program to be completed.

Two South Florida companies take over Citizens policies


Boca Raton's Florida Peninsula Insurance Co. and Miami's Weston Insurance Co. were among 10 Florida-based insurers granted permission by the Florida Office of Insurance Regulation to take over 393,732 Citizens policies statewide.

Insurance Fraud Not Limited to U.S. Market


Analytics assist European insurers in dealing with claims differently than U.S. carriers.

Tropical Storm Dorian forms in eastern Atlantic


Dorian, the fourth named Tropical Storm of the 2013 hurricane season

Industry Claims-Paying Capacity Will Weather Hurricane Season


Looking ahead at a predicted active hurricane season...

Tampa Bay most overdue in U.S. for major hurricane


Tampa tops the Weather Channel’s list of most overdue American cities for a major hurricane in 2013.

Florida braces for another active hurricane season


Florida enters the 2013 hurricane season on riding a seven-year quiet streak.

Tropical Storm Andrea Hits Florida; Warnings Posted for Eastern U.S.


Tropical Storm Andrea pelted Florida’s northern Gulf Coast



The private island’s roughly 370 homes face a greater risk with fire than homes on the mainland.



The clearinghouse would be designed to improve on the current system but is not a “panacea,” he acknowledged.



The National Oceanic and Atmospheric Administration reports that in 2012, there were 11 extreme weather and climate events in the U.S. above $1 billion in losses. They also cost 349 lives.



Customer service begins by treating its employees well.



Damage estimates range as high as $20 billion

Florida Hurricane Fund in Better Shape But Could Still Be Short on Cash


Florida’s state-run reinsurance facility still faces a potential $1.5 billion gap

Warm-weather activities bring health


July 4th Fire Safety


Florida Fire CFO and State Fire Marshal give holiday safety tips

Insurance Fraud


Insurance Information Institute

What Effect Do Falling Home Prices Have on The Replacement Cost of A Home


By Clint Strauch,CIC

Going On Vacation Safety Tips


Going On Vacation Safety Tips

SUN-SENTINEL: Climate change begins to affect South Florida


Researchers debate the effects of global warming on South Florida

Property Casualty 360


Florida ‘On the Right Track’ to Property Market

Governor orders Citizens to downsize


Citizens Board of Governors ordered to decrease size and exposure

Florida Insurance Commisioner Elected Head of NAIC


Kevin McCarty elected President of National Association of Insurance Commissioners



Bill aimed at reducing Citizens would bring in surplus lines insurers

CSC WORLD - In Practice: Insurance


Unlike most traditional insurance carriers, Florida Peninsula Insurance is a relatively young company writing business for a single, somewhat risky market — Florida homeowners. As the company formed relationships with independent agents across the state and began growing the business, it became apparent that the Boca Raton-based provider needed to invest in new technology to support its agency portal.

INSURANCENEWSNET.COM - State Farm Florida to Tell Some Policholders They Won't be Renewed


State Farm Florida will begin sending out notices Feb. 1 to inform some of its more than 810,000 residential property policyholders that they will not be renewed.

THE MIAMI HERALD - State Farm to begin shedding thousands of homeowner policies


Starting Monday, homeowners who hold State Farm Insurance of Florida policies will begin receiving letters from the insurer saying their policies won't be renewed. But agents interviewed said relatively few of those policies will likely be in South Florida because State Farm no longer insures many homes here. The company will be dropping 125,000 policies throughout the state as part of a settlement reached with the Office of Insurance Regulation to keep State Farm from abandoning Florida entirely. The company was also granted a 14.8-percent rate increase in the deal. To maintain solvency, the company had argued it needed to dramatically reduce its hurricane exposure in this state.

INSURANCE JOURNAL - Florida Peninsula Finalizes Acquisition of Edison Insurance


Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Co., reports it has completed its acquisition of Edison Insurance Group, including its two subsidiaries: Edison Insurance Co. and Edison Insurance Underwriters. The previously-announced acquisition includes more than 25,000 Edison homeowners policyholders that will now become part of Florida Peninsula Insurance Co.

INSURANCENEWSNET.COM - Florida Peninsula Completes Edison Insurance Acquision


Florida Peninsula Insurance Co. has added about 25,000 policies with the completion of its acquisition of Edison Insurance Group. The insurer's parent company, Florida Peninsula Holdings LLC, said in a statement that the deal includes Edison Insurance Co. and Edison Insurance Underwriters. Florida Peninsula of Boca Raton, Fla., which opened its doors in April 2005, will now have about 140,000 policies.

SILOBREAKER - Florida Peninsula Completes Edison Insurance Acquisition


Florida Peninsula Insurance Co. has added about 25,000 policies with the completion of its acquisition of Edison Insurance Group. The insurer's parent company, Florida Peninsula Holdings LLC, said in a statement that the deal includes Edison Insurance Co. and Edison Insurance Underwriters. Florida Peninsula of Boca Raton, Fla., which opened its doors in April 2005, will now have about 140,000 policies.

PR-USA.NET - Florida Peninsula Insurance Company enters into acquisition agreement with Edison Insurance Company


Florida Peninsula Holdings, LLC, the parent company of Florida Peninsula Insurance Company, announced today that it has entered into an agreement with and has received Florida Office of Insurance Regulation consent to acquire Edison Insurance Group, including two of its subsidiaries: Edison Insurance Company and Edison Insurance Underwriters.

INSURANCE JOURNAL - Florida Agents, Consumer Group Sound Alarm Over 'Perilous' Property Market


Insurance agents, a former insurance commissioner and a consumer advocate have sounded an alarm about the property insurance marketplace in Florida, a market that has seen four insurers get into financial trouble in the past year.

DAILY BUSINESS REVIEW - Florida Peninsula Holdings acquires Edison Insurance


Florida Peninsula Holdings, the Boca Raton parent of Florida Peninsula Insurance, said Monday it is acquiring St. Petersburg-based Edison Insurance Group. The deal has been approved by the Florida Office of Insurance Regulation, according to a Florida Peninsula news release. Financial terms were not disclosed. The deal will add more than 25,000 Edison policyholders to Florida Peninsula Insurance’s portfolio. Florida Peninsula has more than 120,000 homeowners, renters and condominium unit policyholders throughout the state.

THE MIAMI HERALD - Insurance firm acquiring two others


Florida Peninsula Holdings has won approval from state regulators to acquire Edison Insurance Group, which operates two property insurers with more than 25,000 policies. The policies from Edison Insurance Company and Edison Insurance Underwriters willbecome part of Boca Raton-based Florida Peninsula and remain in force. Edison policyholders will maintain their current independent insurance agents and policy numbers.

TAMPA BAY BUSINESS JOURNAL - Florida Peninsula buys Edison Insurance


Florida Peninsula Holdings LLC has an agreement to acquire Edison Insurance Group and two of its subsidiaries — Edison Insurance Co. and Edison Insurance Underwriters. The purchase price was not included in a release announcing the deal. The Florida Office of Insurance Regulation has approved the acquisition, the release said. The acquisition includes more than 25,000 Edison policyholders that now will become part of Florida Peninsula Insurance Co. No changes will be made to their policies and Edison’s customers will continue to work with their existing independent insurance agents, the release said.

SOUTH FLORIDA BUSINESS JOURNAL - Regulators OK Florida Peninsula purchase


State insurance regulators have approved Boca Raton-based Florida Peninsula Insurance Co.’s plan to buy St. Petersburg-based Edison Insurance Group and pick up its 25,000 policyholders. The purchase includes subsidiaries Edison Insurance Co. and Edison Insurance Underwriters, according to a statement about the purchase agreement. The purchase price was not disclosed.

P & C NATIONAL UNDERWRITER - Fla. Peninsula Insurance To Acquire Edison Insurance Group


Florida Peninsula Insurance Co. said its subsidiary Florida Peninsula Holdings, LLC has entered into an agreement to acquire Edison Insurance Group. Financial terms of the deal were not released. Florida Peninsula, based in Boca Raton, Fla., will also acquire Edison’s two subsidiaries, Edison Insurance Company and Edison Insurance Underwriters. Both companies are primarily writers of homeowners insurance in Florida. Edison is headquartered in St. Petersburg, Fla.

THE PALM BEACH POST - Boca Raton-based Florida Peninsula to buy St. Petersburg Insurer


Florida Peninsula Holdings said today that it will buy a St. Petersburg insurer with 25,000 policyholders. Boca Raton-based Florida Peninsula, which owns Florida Peninsula Insurance, said it received permission from the Florida Office of Insurance Regulation to acquire Edison Insurance Group, parent of Edison Insurance Co. and Edison Insurance Underwriters.

SUN-SENTINEL - Insurers in Boca Raton and St.Petersburg to merge


Florida Peninsula Holdings, the parent company of Florida Peninsula Insurance Co. in Boca Raton, announced this week that it plans to buy Edison Insurance Group and its subsidiaries. Florida Peninsula officials said the Office of Insurance Regulation approved the acquisition last week and when the sale is complete, their company will grow from about 120,000 residential insurance policies to 145,000.

ST. PETERSBURG TIMES - St. Petersburg homeowners insurer bought by Florida Peninsula


St. Petersburg homeowners insurer Edison Insurance Co. is being bought by the larger Florida Peninsula Insurance Co., the companies said Monday. Terms were not disclosed for the deal, which has been approved by the Florida Office of Insurance Regulation. Edison, which was formed in mid 2005, has about 25,000 policyholders who will become part of Boca Raton-based Florida Peninsula. That will give Florida Peninsula more than 120,000 homeowners, renters and condominium unit policyholders.

SMART BUSINESS - Following Policy


How Roger L. Desjadon succeeds by providing his employees at Florida Peninsula with a sense of purpose.

SUN-SENTINEL - Debate starts on property insurance rate deregulation


Florida lawmakers on Tuesday unveiled legislation that would strip state regulators' ability to reject most property insurance rate hikes. A version of the bill that would have allowed large insurers to essentially charge what they want was passed by the Florida House and Senate this year and vetoed by Gov. Charlie Crist. Rep. Bill Proctor , R-St. Augustine, filed a new version Tuesday for the annual legislative session that starts in March. It would apply to all private property insurers.



Insurance carriers and agents alike are feeling the pinch of the economic downturn. Every organization is looking or ways to do more with less, but we cannot lose sight of customer retention and the search for new business. Many agencies spend thousands of dollars on automation, but the agency system is just one piece of the puzzle.