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SPECIAL REPORT: Weak Insurers Put Floridians At Risk

Millions of Floridians now bet their homes on property insurers that teeter on the edge of financial failure, a Herald-Tribune investigation has found.

These companies look nothing like the Allstates and State Farms that insure the rest of America — legacy carriers that command bankrolls the size of small nations.

Instead, because State Farm and Allstate are fleeing Florida, a growing number of homeowners get their insurance from tiny, untested companies that have a few million dollars in the bank but insure billions worth of property they could never hope to rebuild on their own.

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Florida Ban on Texting and Driving May Pass in 2010

by Bloomberg.com Feb 19,2010

 

On Jan. 3, 2008, Russell Hurd waited for his daughter at Walt Disney World in Orlando. They were about to plan her dream theme-park wedding.

But Heather Hurd was killed on her way to the meeting. She was a passenger in her fiance’s car, which was stopped at a light when a trucker who was texting on his phone slammed into the vehicle and eight others. Heather and another woman were killed instantly, and six others were injured.

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Poorly Worded Life Insurance Policies Can Cost Survivors Big Bucks

by Forbes.com

Anyone with a life insurance policy they haven’t carefully read will want to do so ASAP after they learn about one widow’s unsuccessful fight with her dead husband’s life insurer.

It all started when Craig Bauer, an executive at manufacturer Omron Electronics, died in June 2006 of bacterial meningitis following a business trip that included stops in Brazil, China and Japan. Bauer had life insurance through his employer. The policy stated that in the event of his dying accidentally, his survivors would be entitled to a payment representing “five times base annual earnings to a maximum of $250,000.”

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