All the headlines from our Florida Topic Page, ordered by recency.
Dec 11 2020 // AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance...
Dec 10 2020 // For first party property claims, lengthy and costly litigation is not always the only mechanism for resolving a dispute. Most homeowner’s policies include detailed terms and conditions for parties to undergo...
Dec 9 2020 // Florida Insurance Commissioner David Altmaier has issued a final order approving the National Council on Compensation Insurance (NCCI)’s filing for a statewide overall decrease of 6.6% for Florida workers’...
Dec 8 2020 // Residents in nursing homes and assisted-living facilities will be the first to get a coronavirus vaccine when Florida begins receiving it later this month, Gov. Ron DeSantis said.DeSantis’ priorities, announced in in...
Dec 7 2020 // A firefighter and two residents were injured in an explosion caused by a gas leak at a home in Bradenton, Fla., fire officials said.The residents were taken to a hospital on Wednesday afternoon for treatment of their...
Nov 30 2020 // State fire marshals are investigating a suspicious fire that engulfed a shopping center early Thanksgiving morning. The fire at the Village Plaza shopping center in Daytona Beach broke out at about 4 a.m. Thursday and...
Nov 30 2020 // Property & Casualty insurance executive Tracy Brown has been named manager of the Private Client Division at Century Risk Advisors, Inc. (CRA), an independent insurance agency offering insurance and risk management...
Nov 23 2020 // The Liberty Company Insurance Brokers has added Mike Cuevas to the firm’s Ft. Lauderdale, Fla., office. Mike Cuevas Cuevas has more than 30 years of experience with previous stops at Coastal Premier and Van...
Nov 19 2020 // T.H.E. Insurance Company (T.H.E.), an AXA XL insurance company and a McGowan Allied Specialty Insurance partner, has been upgraded to A+ (Superior)/XV by AM Best.This recent AM Best upgrade to A+ XV affirms the financial...
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
Nov 17 2020 // Chicago, IL, November 13, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) successfully resolved a trucking case that went to jury trial in Florida resulting in a jury verdict of just under...
Nov 17 2020 // Several changes came to Florida’s Citizens Property Insurance Corp. Board of Governors this month with two new appointments and the approval of one board member to serve as a representative for the Florida Insurance...
Nov 16 2020 // After hanging over Florida for several days, the former Tropical Storm Eta became a post-tropical cyclone early Friday, racing off the Southeast Atlantic coast and bringing heavy rains and gusty winds to the Carolinas...
Nov 16 2020 // The National Weather Service in Miami is issuing a coastal flood statement as the new moon’s proximity to Earth brings on another round of king tides.The Palm Beach Post reports that because the new moon is Sunday,...
Nov 16 2020 // Orchid Underwriters Agency, LLC (Orchid), a specialty underwriter of catastrophe-exposed property insurance, and Homesite Group, a national property insurer, have created TRUE, a reciprocal insurance company to protect...
Nov 16 2020 // “Kansas is having a relatively larger increase in crop risk as a response to a one-degree Celsius warming, compared to the other parts of the country.”— Jisang Yu, assistant professor of agriculture...
Nov 12 2020 // Tropical Storm Eta made landfall on Florida’s west coast Thursday, bringing heavy rain and gusty winds to northern parts of the peninsula.Eta came ashore near Cedar Key at 4 a.m. New York time, with maximum sustained...
Nov 12 2020 // HUB International Limited (Hub), a leading global insurance brokerage, has acquired the assets of Leading Edge Benefit Advisors, LLC, Raimey, Corp., Leading Edge Human Resource Services, LLC, Leading Edge Companies, LLC,...
Nov 10 2020 // Nov 10, 2020, 4:33 AM— After coming ashore in the Florida Keys overnight, Tropical Storm Eta is now hovering just north of the Yucatan Channel and is set to re-strengthen as it meanders over the south-eastern Gulf of...
Nov 10 2020 // Beaches and coronavirus testing sites were closed, public transportation shut down and some evacuations in place early Monday after Tropical Storm Eta made landfall in the Florida Keys, bringing heavy rains to already...