Latest Florida Headlines

All the headlines from our Florida Topic Page, ordered by recency.

State Farm Owes $2.6M to Florida, Court Says in Reading of ‘Dense’ Tax Code

Jan 18 2024 // State Farm Insurance and its subsidiaries owe the state of Florida more than $2.6 million in back taxes and interest after a state appeals court ruled against the insurer on an interpretation of state and federal tax...

Fla. Senate Panel Votes to Raise Citizens’ Policy Cap to $1M, End Glidepath for Some

Jan 17 2024 // The Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance Corp. more like an insurer of last resort, unrestricted by premium caps –...

NTSB Investigating After High-Speed Rail Crashes Killed 3 People in Florida

Jan 16 2024 // FORT LAUDERDALE Fla. (AP) — The National Transportation Safety Board said Saturday it will investigate two crashes involving Florida’s Brightline train that killed three people at the same railroad crossing on the...

Florida OIR Report Shows Indemnity Paid Was Much Higher for Litigated Claims

Jan 16 2024 // Stakeholders have continued to react to a recent Florida Office of Insurance Regulation report on the property insurance market, a report that underscored the impact that excessive claims litigation had on insurers but...

Judge Says Lawsuit vs. Parkland School Deputy Can Go to Trial

Jan 12 2024 // FORT LAUDERDALE, Fla. (AP) — A lawsuit filed by families of the 17 people killed and other victims of the Parkland, Florida, school massacre against a former sheriff’s deputy who failed to intervene can go forward,...

South Carolina Liquor Liability Market ‘Extremely Unprofitable,’ DOI Report Finds

Jan 11 2024 // A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for...

Part II: Don’t Go Bare: 4 Creative Options for Brokers in Gulf Coast States

Jan 11 2024 // This post is part of a series sponsored by IAT Insurance Group. It’s not news that property owners along the Gulf Coast are experiencing sticker shock when it comes their insurance renewal. The challenge is, rate...

At Least 4 Dead; Marina, Homes Destroyed as Storms Slash Through Southeast

Jan 10 2024 // Four people were killed and property was ripped apart as tornadoes and severe thunderstoms moved across the Southeast Tuesday.The New York Times and other news services reported that an 81-year-old woman died after her...

King Insurance Partners with Partners Insurance in Florida

Jan 9 2024 // King Insurance Partners, an insurance brokerage based in Gainesville, Florida, announced it has acquired Partners Insurance Agency in Gainesville. It’s the latest growth spurt for King, which saw significant...

Tornadoes Rip Homes, Businesses in Florida Panhandle

Jan 9 2024 // Multiple tornadoes and high winds were reported across the South early Tuesday, including Panama City, Florida, where storms caused significant damage to homes and businesses and forced rescues of stranded...

Update: How Loggerhead Moved to Snap Up 110,000+ Progressive Policies in Florida

Jan 9 2024 // In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes...

Customer Sues Dunkin Donuts Over ‘Exploding’ Toilet in Florida

Jan 8 2024 // ORLANDO, Fla. (AP) — A customer has filed a negligence lawsuit against Dunkin`, claiming he was injured by an exploding toilet at one of the coffee chain`s locations in central Florida.Paul Kerouac is seeking more...

Florida Bills Would Provide Millions in Flood Mitigation, Elevation Grants

Jan 8 2024 // Florida’s wind-mitigation grant program for homeowners has proven to be so popular that the governor has proposed another $107 million for it this year, and some experts have called home fortification the only way to...

Mortgage Value Limit for Homeowners? That Sounds Like a Bad Idea

Jan 5 2024 // For context, I suggest that you read this Insurance Journal story that provides some details related to the bill that I want to discuss. Here’s the link:...

FDA Allows Florida to Import Cheaper Drugs From Canada

Jan 5 2024 // (Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it had authorized Florida to directly import prescription drugs from Canada, where prices of medicines are cheaper.The regulator said it was...

Florida Bad-Faith Suit Survives Even Though Policy Limits Paid and Sinkhole Excluded

Jan 5 2024 // Just because an insurer paid the full policy limits on a claim, and argues that the damages weren’t even covered, doesn’t mean it can escape a bad-faith lawsuit. It’s the type of court decision that has...

Gallatin Point Buys Majority Stake in American Family’s Florida Unit, Has National Plans

Jan 4 2024 // If you can make it in Florida, you can make it anywhere—especially if you have a billion dollars in capital.That may be the thinking behind a plan by Gallatin Point Capital to purchase a majority stake in Trusted...

Florida Labor Supplier Sentenced to 12 Months for Tax, WC Insurance Fraud

Jan 4 2024 // The head of a Tampa-area labor supplier has been sentenced to 12 months in prison after she pleaded guilty to defrauding the IRS and workers’ compensation insurers out of millions of dollars.A federal judge in Tampa...

Florida Bill Would Require Option of Policies That Cover Only Unpaid Mortgage Amount

Jan 4 2024 // Ahead of Florida’s 2024 legislative session that begins Jan. 9, at least a dozen bills have been filed that could have an impact on the state’s insureds and insurers. It’s a sign that lawmakers are under...

Army Corps Approves Massive Beach Renourishment for Jacksonville Area

Jan 3 2024 // The U.S. Army Corps of Engineers has given approval to a $32 million plan to renourish much of the critically eroded beaches near Jacksonville, a project that could throw a lifeline to tourism and insured properties in the...