Florida OIR Approves Record Workers’ Comp Rate Cut, Despite Roofers’ Concerns November 15, 2023 The Florida Office of Insurance Regulation and the state insurance commissioner have approved a 15.1% average decrease in workers’ compensation...
American Coastal, Once Affiliated with UPC, Has Buyer for Interboro in New York November 14, 2023 American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for...
2 Arrested After Atlanta Apartment Fire Linked to Fireworks Displaces 100+ November 14, 2023 ATLANTA (AP) — Two people have been arrested in connection with a fire that damaged an Atlanta apartment complex and...
Federal Court Splits North Carolina Hurricane Insurance Claims November 14, 2023 A North Carolina investment firm and its property insurer have each won partial victories in a dispute over hurricane insurance...
West Virginia Taps $4 Million in Insurance to Pay Settlement With Inmates November 13, 2023 The state of West Virginia has agreed to pay $4 million to settle a class-action lawsuit filed by inmates who...
Florida Firm Fined $16 Million Over Defect in Clothing Steamer Products November 13, 2023 The Consumer Product Safety Commission (CPSC) reports that HSN Inc., of St. Petersburg, Florida, has agreed to pay a $16...
WV High Court: Liability Coverage Due for Latent Disease, Even Years After Policy Dates November 13, 2023 By William Rabb Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court...
Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting November 10, 2023 Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida,...
Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs November 9, 2023 By Insurance Journal Staff Reports Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income...
Lawsuit on West Virginia Jail Conditions Has Been Settled November 9, 2023 CHARLESTON, W.Va. (AP) — A lawsuit filed by inmates who described conditions at a southern West Virginia jail as inhumane...