St Johns Florida Homeowner Insurance Refunds

This Week's Sports Business - Monday, September 19, 2011

2. The New Jersey Devils are on the verge of filing for bankruptcy, according to a New York Post report. The Devils deny the story and claim that majority owner Jeff Vanderbeek has reached an agreement to buy a minority partner's 47% stake in the team. Either way, the Devils clearly have financial troubles. The team ranked 25th out of 30 NHL teams in attendance last year.

3. Dallas-based CC Carpet had to refund more than $500,000 worth of purchases thanks to a grand slam hit by Josh Hamilton last week. The company was running a promotion that promised refunds to anyone who bought flooring or countertops in September if Hamilton hit a grand slam. Fortunately, CC Carpet took out insurance for the promo.

4. Honda renewed its NHL sponsorship for the next three years, and the deal includes activation at events including the Winter Classic and All-Star Weekend. According to Fred Dreier of SportsBusiness Journal , the previous deal was worth $4 million annually, and the extension reportedly is worth 50% more in total commitments, including media and activation.

CFO Atwater's Department Recovers More Than $17 Million for Florida

TALLAHASSEE—Florida Chief Financial Officer Jeff Atwater announced today that the Department of Financial Services has taken part in the recovery of more than $17 million so far in 2011. Recoveries include claim payments, premium refunds and restitution for Florida consumers.

The Department of Financial Services’ Division of Consumer Services is available to answer questions and assist consumers in all lines of insurance—including homeowners, health, auto, life and warranties—and received nearly 100,000 calls during the period of July through September and recovered $4.7 million for consumers. The Division of Agent and Agency Services licenses insurance professionals and investigates alleged violations of the Florida Insurance Code—handling an average of 600 cases per month.

“In these challenging economic times, it is more important than ever that we help Floridians keep and protect their hard-earned dollars,” said CFO Atwater. “Our helpline specialists offer detailed answers to consumers’ questions, provide valuable information regarding important financial decisions and assist in recovering money and property for Florida consumers.”

The following are examples of how consumers were helped by department staff:

· A Miami-Dade County homeowner filed a property claim with his insurance carrier. Despite providing all of the documentation requested by the insurer, months passed and his claim remained unpaid. After contacting the Division of Consumer Services for help on his claim, division staff helped the homeowner promptly receive his payment of more than $289,000.

· A senior couple from The Villages purchased an annuity from an insurance agent who allegedly misrepresented himself and the terms and conditions of the annuity. After being charged a series of fees when the couple attempted to make a withdrawal, they contacted the Division of Agent and Agency Services. The division investigated and subsequently took action against the agent and his license. In addition, the insurance company refunded the couple’s initial investment, plus interest, which totaled $167,000.

Florida

Insurance for Dummies

Florida

The new life insurance investment advisor

The Complete Book of Insurance, Understand the Coverage You Really Need