Articles by Michael Adams

Mississippi Withdrawing Lawsuit Over Flood Insurance Rates

Mississippi’s insurance regulator is withdrawing his lawsuit against the federal government after Congress voted to delay changes to the federal flood insurance program. Mississippi Insurance Commissioner Mike Chaney said he is withdrawing the suit aimed at stopping flood insurance premium …

South Carolina Looks to Increase Home Mitigation Funding

South Carolina lawmakers are moving forward with a plan to increase grants to homeowners who strengthen their homes against storm damage. The South Carolina Senate Finance Committee approved the “Competitive Insurance Act,” which will provide $1.6 million additional funding for …

Carriers Being Selective with Florida’s Citizens Clearinghouse Agency Appointments

Florida’s state-backed Citizens Property Insurance Corp. says the initial opening of its new web-based clearinghouse designed to make it easier for private insurers to write its policies has been promising, although the number of policies removed by insurers has been …

Anticipating Hurricane Season, Florida Insurer Cancels Policyholders

A Florida insurer has decided to lessen its exposure in south Florida, cancelling thousands of policyholders in anticipation of the June 1 opening of hurricane season. People’s Trust Insurance Co. reported that it is cancelling about five percent of its …

Florida Sees Drop in Auto No-Fault Questionable Claims

A national study found that Florida has seen its first decrease in questionable automobile claims since state lawmakers rewrote the no-fault law in 2012. The National Crime Insurance Bureau conducted the report that looked at claims from 2010 to 2013. …

Georgia Regulators Order Liquidation of Georgia Mutual

A Georgia superior court judge has given regulators approval to liquidate a former automobile insurer. Cynthia Write, judge of the superior court of Fulton County, signed-off on an order in February that will allow regulators to liquidate Georgia Mutual Insurance, …

Mississippi Enacts First Statewide Building Code Law

Mississippi has enacted its first statewide building code that is designed to set construction guidelines to strengthen homes and other buildings from hurricane and other weather-related damage. Governor Phil Bryant signed the legislation that advocates have been calling for since …

Florida’s Citizens Reaches Sinkhole Settlement

Florida’s state-backed property insurer said it has reached an agreement with more than 300 policyholders with sinkhole claims that officials say could save the insurer $30 million in legal fees. Citizens Property Insurance Corp. officials said the tentative agreement is …

Tennessee: Use of Transportation Networks Could Lead to Auto Coverage Gaps

Tennessee regulators are warning automobile policyholders that participating in transportation network companies could lead to gaps in their coverage and leave them exposed to monetary damages from an accident. Transportation network companies have become increasingly popular across the country, especially …

Florida Lawmakers Turn Attention to Privatizing Commercial Business in Citizens

One year after enacting reforms designed to reduce the amount of homeowners business in the state’s insurer, state lawmakers are now looking to further shrink Citizens Property Insurance Corp. by targeting its commercial lines business. Citizens Property Insurance currently one …