All the headlines from our Florida Topic Page, ordered by recency.
Jul 19 2022 // Starbucks Corp. has appealed a nearly $9 million verdict rendered against it after a customer was struck by a vehicle in the drive-through lane at a Fernandina Beach, Florida, coffee shop.The driver and the property owner...
Jul 14 2022 // By this time next year, Citizens Property Insurance policyholders and assignees of benefits could see their claims disputes decided, not in county or circuit courts, but by administrative judges who work for a Florida...
Jul 11 2022 // A small, largely rural county west of Florida’s capital experienced an unheard-of spike in deadly drug overdoses believed to be caused by fentanyl over the July 4 weekend, with nine people dying in the latest sign...
Jul 11 2022 // Invasive giant African land snails that can eat building plaster and stucco, consume hundreds of varieties of plants and carry diseases that affect humans have been found once again in Florida, where officials said that...
Jul 11 2022 // Dan Alexander has seen the worst of the Florida property insurance market from the inside-out – from agents who’ve quit to carriers that have gone insolvent or stopped writing new business, to having to manage...
Jul 8 2022 // AM Best has withdrawn its financial strength rating for Capacity Insurance, a commercial insurer with a small footprint in Florida, and the company has decided to withdraw from the Florida market.“Due to a variety of...
Jul 5 2022 // The surcharge for Florida’s Workers’ Compensation Administration Trust Fund and for the second-injury fund will remain the same for 2023 – at near-historically low rates.The Division of Workers’...
Jul 1 2022 // Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation...
Jul 1 2022 // Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase.The fund’s governing body, the State Board of Administration, this month...
Jul 1 2022 // Eight months after it stopped renewing homeowners and rental property policies in Florida, Progressive Insurance announced it will now stop writing new dwelling-fire business in the distressed Florida market.“To...
Jun 30 2022 // A Democratic challenger to Florida’s chief financial officer this week laid the blame for some of the state’s property insurance woes at the feet of incumbent Jimmy Patronis.“Patronis has had five years...
Jun 29 2022 // A Florida accident victim gets a second chance to compel an auto insurer to pay a $12.7 million judgment after the insurer failed to respond to a $10,000 settlement offer, a federal appellate court ruled Tuesday.A divided...
Jun 29 2022 // Starting Friday, July 1, state and local governments will have to conduct a sea-level impact study if they build anything near Florida’s coastline, the result of a state law passed in 2020.Although the law applies...
Jun 29 2022 // Florida insurers may have another weapon in the war over assignments of benefits in insurance claims, thanks to an appeals court ruling that went against one of the insurance industry’s most visible and active...
Jun 27 2022 // Florida-based Confianza Inc., which provides data analytics and machine learning to insurance agents, announced that it had closed its round of seed funding, with most of the capital coming from Sandbox Insurtech...
Jun 27 2022 // Five months ago, Citizens Property Insurance Corp. filed for a near-maximum-allowed rate increase for most of its policies, citing the need to continue depopulating the rapidly growing insurer of last resort.Last week,...
Jun 27 2022 // Two more Florida property insurers have stopped accepting new business in the state. One of them blamed it partly on unfair and unexpectedly large price increases from reinsurers this year. The other carrier said that,...
Jun 24 2022 // Citizens Property Insurance Corp. could spend $100 million this year on attorneys who defend claims litigation against the insurer, a significant increase from previous years.The Miami Herald reported that the insurer of...
Jun 24 2022 // A report from the Insurance Information Institute confirms what many Florida homeowners have suspected: Their insurance premiums are some of the highest in the nation.The annual cost of a Florida homeowners policy this...
Jun 23 2022 // The head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold...