All the headlines from our Florida Topic Page, ordered by recency.
Sep 7 2023 // Florida-based Bayview Asset Management LLC is launching an insurance asset management arm that will seek to expand the range of investable assets available to insurers, according to a statement from the company.The new...
Sep 7 2023 // Former NFL wide receiver Mike Williams was reported to be on life support at a Tampa hospital Thursday after a construction accident.Multiple news outlets reported that Williams, who played for the Tampa Bay Buccaneers and...
Sep 7 2023 // Public adjusters cannot double as appraisers in claims disputes if their total fees exceed the statutory cap, a Florida appeals court decided Wednesday in what may be seen as another win in property insurers’ long...
Sep 6 2023 // The U.S. Coast Guard is continuing to investigate the source of an oil spill that contaminated more than 19,000 gallons of water at Port Manatee in Tampa Bay.The spill was reported last week and crews have worked since...
Sep 6 2023 // In the final hours before Hurricane Idalia struck Florida the storm had grown into a Category 4 beast lurking off the state’s west coast, and the forecast called for it to continue intensifying up until landfall.An...
Sep 6 2023 // Just days after another hurricane smashed through part of Florida, another property and casualty insurer has been approved for the state, providing more evidence that 2022 legislative limits on litigation are having a...
Sep 5 2023 // Backstreet Boys singer Nick Carter has won a favorable ruling in one of two civil lawsuits filed against him in Nevada, one by a woman who alleges he raped her on his tour bus in Washington state in 2001 and another by a...
Sep 5 2023 // JACKSONVILLE, Fla. (AP) — A 12-year-old boy was struck and killed by a car Friday morning in Florida after a dog chased him into the street, authorities said.The boy and his younger brother had been walking on a...
Sep 5 2023 // HORSESHOE BEACH, Fla. (AP) — This remote seaside enclave known as “Florida`s Last Frontier” took much of the pounding from Hurricane Idalia when it struck the state`s west coast as a Category 3 storm last...
Sep 5 2023 // Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia.RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate...
Sep 5 2023 // HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other...
Sep 5 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000,...
Sep 4 2023 // The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group.“I think that is probably the biggest...
Sep 4 2023 // Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena in August.Tampa-based...
Sep 4 2023 // As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer want.It’s affecting...
Sep 1 2023 // Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles away. This time it was Hurricane Idalia, which caused some serious flooding as it...
Sep 1 2023 // Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released...
Sep 1 2023 // Tesla Inc. is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what will likely be a major test of Chief Executive Elon...
Sep 1 2023 // (Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate, particularly owners of apartments and other multifamily properties already grappling with soaring premiums...
Aug 31 2023 // The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday.The data should be submitted by noon Eastern time, every day,...