Below are some related homeowner, auto, and other related insurance articles.

Treasury Chief Geithner Says Bank Fee Can Recoup AIG Bonuses Feb 4, 2010
The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in 2008. Florida CFO Alex Sink said one recent success story was the recovery of more than $516,000 for 998 customers of Household Finance Co. The department was tipped off by an Orlando resident who discovered monthly premiums of $4.93 being deducted from her account two years after her policy expired.

Florida's United Insurance to Expand Into 7 Northeast, Southeast States Feb 2, 2010
The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in 2008. Florida CFO Alex Sink said one recent success story was the recovery of more than $516,000 for 998 customers of Household Finance Co. The department was tipped off by an Orlando resident who discovered monthly premiums of $4.93 being deducted from her account two years after her policy expired.

Florida CFO Helps Customers Recover $22 Million from Insurers
The Department of Financial Services helped recover over $22 million for Florida’s insurance consumers in 2009, according to officials. The $22 million represents an increase from $14 million recovered in 2008. Florida CFO Alex Sink said one recent success story was the recovery of more than $516,000 for 998 customers of Household Finance Co. The department was tipped off by an Orlando resident who discovered monthly premiums of $4.93 being deducted from her account two years after her policy expired.

Florida Probing Cruise Customer Complaints Against Trip Insurer
Hundreds of people who canceled a cruise vacation booked though Florida travel agents because of illness say the insurer didn't pay. Health News Florida reports that Florida's Department of Financial Services began its investigation into Prime Travel Protection Services a year ago and has since received more than 300 complaints. Department officials say the insurer wasn't licensed to do business in Florida, and that authorities can't prosecute the travel agents who arranged the coverage unless it can prove they knew the company lacked a license.

Florida Doctors Insurance Merges with Physicians Preferred
Florida Doctors Insurance Co. has completed a merger and acquisition of Physicians Preferred Insurance Co. (PPIC), which Florida Doctors said makes it the fourth largest admitted writer of physicians and surgeons medical professional liability insurance in Florida.The transaction was approved by the shareholders of PPIC and has received the approval of the Florida Office of Insurance Regulation.

Government needs to loosen grip on insurers
Despite this year's calm hurricane season, the past decade of disastrous storms has made it more difficult for many homeowners to find affordable insurance. Not surprisingly, they blame the insurance companies. It's not that simple. Catastrophic property losses create huge problems for insurers because they affect large numbers of policyholders simultaneously and don't occur with predictable regularity.

North Miami Beach police checking for insurance
NORTH MIAMI BEACH - If you are driving through North Miami Beach on Tuesday, make sure you have your proof of insurance. From 8 a.m. to 2 p.m., police will be hunting for drivers without proper insurance. Drivers will be stopped for traffic infractions, then asked to produce proof of personal injury and property damage insurance. Drivers without proof of valid insurance will receive a ticket.

School board votes to leave insurance panel
Broward School Board members took themselves off a once-coveted health insurance advisory committee this week following criticism over climbing health insurance rates and ongoing scrutiny over how the district does business. The board unanimously agreed with Superintendent Jim Notter to eliminate the committee's three board member positions.

South Florida ranks lowest in survey on auto insurance knowledge
An Allstate Insurance Co. poll quizzing about 600 insured drivers in 13 Florida cities on what their policies cover showed the areas that are the least knowledgeable are Miami, Fort Lauderdale and West Palm Beach. Allstate released some results of the survey -- conducted by Squier Knapp Dunn and Beck Research in August -- today. The poll showed those who are most knowledgeable live in Orlando, Daytona, Ft. Myers and Naples. People living in Tampa, St. Petersburg, Jacksonville, Gainesville, Pensacola, and Tallahassee fall in the middle. Test your awareness by taking this short quiz.

Citizens insurance rate hike approved
Florida’s insurance commission has approved rate hikes by Citizens Property Insurance Corp., the state’s largest insurer with some 1 million policies. The final rates are similar to those requested during a public rate hearing that was held earlier this month. Homeowners will see a 5.4 percent rate increase, while condo associations will see their rates rise by 10.2 percent. Although the Florida Legislature capped rate increases at 10 percent, some categories show higher increases because the law allows companies to pass on some of the cost of their annual premium paid to the Florida Hurricane Catastrophe Fund to policyholders, according to the commissioner’s office.

Universal Insurance gets rate hike approval
Universal Property and Casualty Insurance Co. has received state approval to raise its premiums for homeowner insurance by an average of 14.6 percent statewide. Universal is a subsidiary of Universal Insurance Holdings (NYSE: UVE) a vertically integrated insurance holding company based in Fort Lauderdale.

Law to speed increases in home insurance costs
Most of Citizens Property Insurance Corp.'s 1 million policyholders statewide will see their premiums increase by up to 10 percent as early as Jan. 1, as a result of legislation signed into law by Gov. Charlie Crist. And policyholders with other insurers are also likely to see increases in 2010. The sweeping property insurance law creates a quicker process for private insurers to boost premiums as much as 10 percent to pay for certain backup coverage costs. The measure also extends a provision in state law requiring insurers to get state approval before boosting rates.

Gov. Crist plans to sign bill allowing home insurance rate increases
The governor is expected to veto a deregulation bill the Legislature also approved to draw large property insurers back to Florida by allowing them to charge essentially the rates they choose. Florida Gov. Charlie Crist said Tuesday he plans to sign into law legislation that will allow Citizens Property Insurance, the state's largest property insurer, to increase policyholder premiums by up to 10 percent a year for several years. "That's probably appropriate," Crist told reporters this week. "I would rather not have rate increases. Who wouldn't? But I want to make sure the company stays solvent and secure."

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