All the headlines from our Florida Topic Page, ordered by recency.
Nov 6 2023 // When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the windows of Bonny Paulson`s home in the tiny coastal community of Mexico Beach, Florida, even though the house...
Nov 6 2023 // Heritage Insurance Holdings, parent company of Florida’s 10th-largest property insurance company, reported a net loss of $7.4 million for the third quarter of 2023, a significant improvement over last year after the...
Nov 6 2023 // “What I am seeing is that there are insureds that are underinsured. … So, there’s still a lot of insurance to be sold.” — Curtis Prince, CEO and founder of Flux Insurance Services, said during...
Nov 6 2023 // World Insurance Associates, Oakwood Insurance AgencyWorld Insurance Associates has acquired the business of Oakwood Insurance Agency LLC, also doing business as Insure Big Rig, of Califon, New Jersey. Oakwood has been...
Nov 6 2023 // American International Group, headquartered in New York, New York, hired Edward Dandridge as executive vice president and chief marketing and communications officer. During his tenure at AIG, Dandridge has served as chief...
Nov 6 2023 // Matching requirements for roofs and interior furnishings have been a tough issue in the property insurance industry for years. Recent developments show how insurers and regulators in different Southeast states are managing...
Nov 6 2023 // Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran but with a little indirect Florida property insurance relief also on...
Nov 3 2023 // Randy Willoughby’s lawyers turned a $10,000 uninsured motorist policy into a $4 million bad-faith settlement with his auto insurer. Then they won a $30 million jury verdict against the co-owner of the truck that...
Nov 2 2023 // Shoring up loss reserves and adding “the premium equivalent” of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter.The...
Nov 2 2023 // A south Florida insurance agent has been charged with absconding with more than $130,000 in premiums, leaving property owners uninsured after Hurricane Ian.Naser Al-Sweity, of Boca Raton, was booked into Palm Beach County...
Nov 2 2023 // This post is part of a series sponsored by AgentSync.Hurricane season is upon us once again, and while The Band of Heathens isn’t worried, the rest of us are preparing. So as homeowners brace for unprecedented winds...
Nov 1 2023 // A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town.In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off...
Oct 31 2023 // Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida.This may be a good time for a new business venture by an...
Oct 31 2023 // A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives concealed the extent of underwriting losses after Hurricane Ida, even as...
Oct 31 2023 // Expert testimony is subject to a well-established standard set forth by the US Supreme Court 30 years ago in Daubert v. Merrel Dow Pharms., Inc. Under the Daubert standard, trial judges are gatekeepers of expert testimony,...
Oct 30 2023 // Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida.The new system, a collaboration between Duke,...
Oct 30 2023 // Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its home state of Florida.“As we move forward,...
Oct 27 2023 // A federal appeals court this week upheld a $12 million jury award against a gravel and waste-hauling company in a horrific highway accident that killed four Spanish women who were on vacation in the Florida Keys in...
Oct 26 2023 // The Federal Emergency Management Agency has raised the federal cost share for funding assistance, potentially making millions more dollars available to Florida authorities for Hurricane Ian recovery efforts in Florida, the...
Oct 25 2023 // Brown & Brown Inc. (BRO on NYSE) this week reported third-quarter earnings of $175.9 million.The Daytona Beach, Florida-based brokerage said it had net income of 62 cents per share. Earnings, adjusted for non-recurring...