All the headlines from our Florida Topic Page, ordered by recency.
Feb 7 2022 // If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages.Some insurance representatives are...
Feb 4 2022 // The Florida Senate is trying again to repeal the state’s no-fault auto insurance requirement with a bill that major insurers oppose and which the governor vetoed last year.By a vote of 10-1, the Senate Banking and...
Feb 3 2022 // Earth’s global average surface temperatures in 2021 were 1.5 degrees Fahrenheit (0.85 degrees Celsius) above the average for NASA’s baseline period, a new report shows.The average tied with 2018 as the sixth...
Feb 3 2022 // The insurer for a South Florida law firm that represented the collapsed Surfside condominium – lawyers known for fighting off attempts to reform condo safety laws – has asked a judge to absolve the carrier of coverage...
Feb 3 2022 // In a federal lawsuit filed this week, State Farm Insurance accuses a chiropractor and his string of Florida clinics of widespread fraud by regularly and falsely claiming that car accident victims needed emergency care, so...
Feb 3 2022 // San Francisco, California-based M.J. Hall & Co. is introducing directors and officers liability, employment practices liability and fiduciary liability insurance coverages for cannabis business owners.The coverages,...
Feb 2 2022 // It came later than some had expected, but Florida’s Senate Banking and Insurance Committee on Wednesday passed a much-anticipated bill that aims to close gaps left by last year’s insurance reform...
Feb 1 2022 // Another Florida property insurer is taking major steps to cut its losses, including suspending the writing of new homeowner policies starting this week – the latest warning sign about the state’s distressed...
Feb 1 2022 // Florida property/casualty insurers would have to produce claims histories that go back only three years instead of five when requested by policyholders, under a bill passed last week by the state Senate.Senate Bill 156,...
Jan 28 2022 // A federal jury on Thursday awarded $110 million to two U.S. Army veterans who said combat earplugs sold by 3M Co to the military caused them to suffer hearing damage, the largest verdict yet to result from hundreds of...
Jan 28 2022 // Jacksonville-based Brightway Insurance announced that it has opened two new franchises in Florida. Arturo Garcia opened Brightway, The Garcia Agency, in Tampa, Fla. And Scott Keit opened Brightway, The Scott Keit Agency,...
Jan 28 2022 // Seeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers’ payments to the...
Jan 25 2022 // The Hilb Group, a national property and casualty brokerage firm, announced it has acquired Insurance Consultants of Central Florida. The Winter Park-based ICCF is a full-service broker offering individual, group and...
Jan 24 2022 // The head of one of the larger property insurance companies in Florida said Friday that without a doubling of some of its rates, it will be forced to seek more capital from investment firms, a prospect that may not be...
Jan 24 2022 // In the war between restoration companies and insurers in Florida, contractors suing carriers in assignment-of-benefits claims is nothing new. And insurers have long argued that some construction firms are colluding with...
Jan 21 2022 // The 2022 Florida Senate has passed its first bill that affects insurance companies, but the measure has little to do with losses, rates or litigation costs.On Wednesday, by a vote of 35-0, the chamber approved Senate Bill...
Jan 20 2022 // Florida regulators will hold hearings Friday, Jan. 21, on another round of hefty rate hikes requested by property insurers facing losses in the state’s distressed property insurance market.Southern Fidelity Insurance...
Jan 19 2022 // Drugmaker Endo International plc said on Tuesday it had agreed to pay up to $65 million to resolve claims by the state of Florida and local governments that the drugmaker helped fuel the U.S. opioid epidemic.The deal is...
Jan 19 2022 // Florida took a step toward opening its distressed property insurance market to more carriers Tuesday when a Senate committee approved a bill that would let Florida-based surplus lines insurers sell surplus policies in...
Jan 18 2022 // A Miami judge’s certification of a lawsuit against Florida’s largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane Irma, could...