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Florida Insurers Sustain 'A' Ratings, For Now, As 2020 Industry Losses Top $1.5B

Florida Insurers Sustain 'A' Ratings, For Now, As 2020 Industry Losses Top $1.5B
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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Cantor to Take Over as CFO for Florida Peninsula as Lattanzio Retires

Cantor to Take Over as CFO for Florida Peninsula as Lattanzio Retires
March 15, 2021
Francis L. Lattanzio
Lattanzio is a co-founder of Florida Peninsula Insurance Co. and has served as CFO since its inception in 2005. Effective immediately, Lattanzio will transition from his role as CFO but he will remain with the company as a consultant. Gary Cantor will replace him as the new CFO. Cantor is also a co-founder of the company and has served as executive vice president since 2005.
Gary Cantor
Prior to co-founding the company, Lattanzio served as chief financial officer at Aetna Personal Lines and as a partner at Price Waterhouse and Tillinghast – Towers Perrin. ....

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Florida Peninsula Adds King as Director of Customer Experience

Florida Peninsula Adds King as Director of Customer Experience
February 8, 2021
The Florida Peninsula Insurance family of companies has hired Mindy King as the company’s director of Customer Experience. This is a new role at Florida Peninsula, which will be focused on building customer experience programs across the entire enterprise.
King has spent the past two decades working with service industry brand leaders providing customer programs directly targeted to impact the value of customer relationships. Prior to joining Florida Peninsula, she was the director of Customer Experience for Thyssenkrupp Elevator as well as the director of Voice of the Customer/Customer Insights & Market Intelligence at Tyco Integrated Security. ....

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Florida Appellate Court Determines Faulty Workmanship Exclusion in Homeowner's Policy Is Not Ambiguous and Thus Damage Caused by Contractor's Conduct Is Not a Covered Loss | Carlton Fields

In
Saunders v. Florida Peninsula Insurance Co., a Florida appellate court recently determined whether a faulty workmanship exclusion in a homeowner’s policy applied to a property loss caused by a contractor.
The insured, Veronica Saunders, hired a contractor to install a new addition to her home, which was insured by Florida Peninsula Insurance Co. During the construction process, the contractor took off a portion of the roof and only covered the exposed area with tarps. The home eventually sustained damage from rainfall after the house was left in this condition for several weeks.
Saunders filed a claim with her homeowner’s insurance carrier, Florida Peninsula. The insurer denied the claim because the policy excluded losses caused by “[f]aulty, inadequate[,] or defective … [d]esign, specifications, workmanship, repair, construction, renovation, remodeling, grading, [and] compaction.” Following the denial, Saunders filed a declaratory action in Miami-Dade Co ....

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