Florida News

Federal Appeals Court: U.S. Has Jurisdiction in Chinese Drywall Suits

U.S. courts have jurisdiction over claims that a Chinese drywall company’s defective product wrecked homes, and a company that failed to show up in court must pay $2.7 million for damage to seven Virginia couples, a federal appeals court in …

Homeowners Choice Sells First Flood Policy in Florida

Homeowners Choice Property & Casualty Insurance Co., Inc., a Florida based provider of admitted homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., is now selling flood insurance to existing customers in Florida. Many Florida residents have seen a …

Florida Flood Policy to be Offered in Six Additional States

A Florida insurance agency that stepped forward last month to offer a private market stand-alone flood coverage policy in Florida has started marketing the policy in six other states. The Gainesville, Fla.-based Flood Insurance Agency began offering the private policy …

California Tops ‘Judicial Hellhole’ List

California isn’t just a warm place to live, which is often the case even in winter, but it turns out the state is considered a “judicial hellhole.” The American Tort Reform Foundation issued its annual “Judicial Hellholes” report on Tuesday, and …

Self-Driving Cars Could Be on U.S. Roads by 2020

Cars that drive themselves could be on U.S. roads by the end of this decade. But don’t take your foot off the pedal just yet. Automakers, universities and others are at various stages in the development of autonomous cars. Google …

Florida Senate Approves Citizens Reform Bill; Path Ahead Remains Uncertain

Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders while the chances for final legislative approval remain uncertain. Senate lawmakers have been working for months on …

Florida Becomes 4th State to Sue BP Over Oil Spill

The state of Florida filed a lawsuit last Saturday against British oil company BP and cement contractor Halliburton over the Deepwater Horizon oil spill, becoming the fourth U.S. state to seek damages for the 2010 disaster. The suit, among other …

Tyco: No Proof Eli Lilly Thieves Used Security Report

A security company being sued over the 2010 theft of $60 million worth of pharmaceuticals from a warehouse in Connecticut owned by Indianapolis, Ind.-based Eli Lilly and Co. insists there is no proof the thieves used a report it prepared …

Florida May Scrap No-Fault Auto Insurance Law

Frustrated by a recent court decision temporarily blocking part of Florida’s no-fault auto insurance law reformed last year, state lawmakers are considering scrapping the entire law. Current proposals would reinstate to a tort system and mandate that all drivers purchase …

Confie Eyes More Expansion, Push Into Standard Lines

In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park, Calif.-based insurance agency said …