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Close to 1,000 homes were destroyed or damaged by the fatal weekend tornado activity in eight southern states, according to reinsurance brokerage Guy Carpenter and other sources.

Close to 1,000 homes were destroyed or damaged by the fatal weekend tornado activity in eight southern states, according to reinsurance brokerage Guy Carpenter and other sources.

Insurance fraud-related convictions increased by 24 percent last year in New York State, the State Insurance Department's Fraud Bureau reported.

The Florida 2010 regular legislative session convenes March 2 and is scheduled to adjourn on April 30.

Florida Insurance Commissioner Kevin McCarty announced he had signed an order increasing rates for the state-created insurer of last resort's high risk accounts to make them financially adequate.

Florida Insurance Commissioner Kevin McCarty announced he had signed an order increasing rates for the state-created insurer of last resort's high risk accounts to make them financially adequate.

Representatives from Citizens Property Insurance faced tough questioning from the Florida Office of Insurance Regulation over proposed rate increases for high-risk wind-only coverage, including a 7.5 percent increase for homeowners.

After weeks of haggling among state lawmakers, the freeze that has kept Citizens Property Insurance Corp. rates locked in place for the last three years will soon end. But that doesn't mean the