All the headlines from our Florida Topic Page, ordered by recency.
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,...
Aug 31 2023 // Preliminary estimates of insured losses from Hurricane Idalia have already begun, with about $9 billion in losses predicted for Florida alone.The estimates are far lower than some in Florida had feared and well below the...
Aug 31 2023 // Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state...
Aug 31 2023 // King Insurance Partners, a brokerage based in Gainesville, Florida, has acquired Hartley Insurance Services, the firms announced this week. Hartley, with offices in Port Orange, Florida, was founded in 2012 by Paul...
Aug 30 2023 // Future engineers need a greater understanding of past failures – and how to avoid repeating them – a Louisiana-based nonprofit said to mark Tuesday`s 18th anniversary of the deadly, catastrophic levee breaches that...
Aug 30 2023 // Just when parts of the property-casualty industry thought it was safe to re-enter the Florida market, Hurricane Idalia made landfall closer to the heavily-populated Tallahassee area than expected and brought heavy storm...
Aug 30 2023 // Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of...
Aug 29 2023 // Hurricane Idalia, now a Category 1 storm, is expected to make landfall along Florida’s Gulf Coast on Wednesday. The hurricane’s likely transformation between now and then will be due in part to the unusually...
Aug 29 2023 // 3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs to the US military that led to hearing damage for combat troops.The company will pay $5 billion in cash...
Aug 29 2023 // A south Florida sheriff’s helicopter caught fire Monday before crashing into a Pompano Beach apartment building, killing two people and injuring four. Jackson (Broward Sheriff’s Office) The Associated Press,...