All the headlines from our Florida Topic Page, ordered by recency.
Nov 15 2023 // The Florida Office of Insurance Regulation and the state insurance commissioner have approved a 15.1% average decrease in workers’ compensation rates, despite calls from roofing contractors to freeze rates for a...
Nov 14 2023 // American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for Interboro Insurance Co. in New York.According to the company, the unnamed...
Nov 13 2023 // One windy night at Elon Musk’s SpaceX facility in McGregor, Texas, Lonnie LeBlanc and his co-workers realized they had a problem.They needed to transport foam insulation to the rocket company’s main hangar but...
Nov 13 2023 // The Consumer Product Safety Commission (CPSC) reports that HSN Inc., of St. Petersburg, Florida, has agreed to pay a $16 million civil penalty. to settle charges that it failed to report complaints and injuries related to...
Nov 10 2023 // Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The...
Nov 9 2023 // Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw...
Nov 9 2023 // The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds.Now,...
Nov 8 2023 // The Florida House of Representatives and Senate moved quickly this week to approve more funding for the state’s popular home-hardening program, along with grants, loans and tax breaks for areas hit by Hurricane...
Nov 8 2023 // It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never happened in Florida, industry experts say.But that may be what is...
Nov 7 2023 // The Florida Office of Insurance Regulation wants property insurers to remember that another deadline for enhanced catastrophe reporting on Hurricane Idalia claims is Nov. 16.The OIR is required by law to collect a range of...
Nov 7 2023 // Navigating insurance defense litigation is a complex and often challenging process. Understanding the roadmap and important rules along the way ensures a smoother and more successful path. It is crucial for claims handlers...
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...