All the headlines from our Florida Topic Page, ordered by recency.
Apr 16 2024 // This post is part of a series sponsored by AgentSync.As the property and casualty market struggles to find its equilibrium, carriers and reinsurers are retooling their approach to risk and the market. As a Floridian...
Apr 16 2024 // A federal appeals court has, at least for now, put an end to lingering questions about some property insurance claims litigation: The insured does not need to submit a competing damage estimate when filing a supplemental...
Apr 15 2024 // Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation’s biggest increases in real estate wealth as markets in the Sunshine State supplant those in...
Apr 15 2024 // A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance...
Apr 12 2024 // Florida Gov. Ron DeSantis this week signed into law a prohibition on local governments requiring worker protections from heat exposure, a law that could potentially lead to more workers’ compensation claims from...
Apr 11 2024 // After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but...
Apr 11 2024 // Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond.The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully...
Apr 11 2024 // Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades.The company is now looking to downsize to...
Apr 11 2024 // Florida authorities have charged a public adjuster and a rental property tenant with fraud after they allegedly falsified documents, filed a false claim and received a check from Scottsdale Insurance Co., a Nationwide...
Apr 10 2024 // Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week.The...
Apr 9 2024 // Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89.“He was a strong, thoughtful public servant and pioneer in insurance regulation as...
Apr 8 2024 // Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes.But here is something riskier still: Going without home...
Apr 8 2024 // PENSACOLA, Fla. (AP) — A wildfire in the Florida Panhandle has destroyed a home and damaged at least 15 others.The Florida Forest Service said Friday that the blaze, which broke out Thursday near Pensacola, was now more...
Apr 8 2024 // DORAL, Fla. (AP) — A gunfight at a suburban Miami bar left two people dead and seven injured early Saturday.Investigators said a fight between customers broke out around 3:30 a.m. at the Martini Bar in the CityPlace...
Apr 5 2024 // The Florida Office of Insurance Regulation is reminding carriers that additional data is due April 17 on Hurricane Ian claims.All property insurers are required by law to submit the enhanced catastrophe reports, including...
Apr 5 2024 // Almost one year ago, on May 31, 2023, Florida Gov. Ron DeSantis signed sweeping insurance reform legislation into law. At that time, the Florida insurance market was on life support. Homeowners’ insurance companies,...
Apr 5 2024 // A construction worker was killed and three other people were injured when a crane section fell onto a bridge in Fort Lauderdale, Florida, heavily damaging cars that were crossing the bridge Thursday.The Miami Herald and...
Apr 5 2024 // Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as reinsurer profit margins benefited from last year’s “redistribution of...
Apr 4 2024 // Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in...
Apr 4 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring...