Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Employer Can’t Deny Comp Claim in Shooting Then Argue Immunity, Court Says
Apr 26 2024 // An employer cannot deny a workers’ compensation claim on the grounds that a shooting injury was not work-related then turn around and argue it has immunity from a tort lawsuit because the incident happened at work, a...
4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
Apr 25 2024 // Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or even unlicensed claims adjusters after storms, practices that have led to...
FAU Gets Grant to Study Seaweed Harvesting, Just as Blobs Approach South Florida
Apr 24 2024 // Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the economic impact on Florida beaches. The FAU Harbor Beach Oceanographic...
Risk Perception Drops After Hurricanes: Study
Apr 23 2024 // As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings suggest that programs and...
Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022
Apr 23 2024 // Three investment firms connected to some of the best-known names on Wall Street have upped the ante in a legal dispute over now-insolvent Lighthouse Property Insurance Corp., based in Tampa. Fortinbras Enterprises, the...
Arbol Unit Buys Centauri Insurance, Forms Lilypad to Broaden Climate Risk Coverage
Apr 22 2024 // A subsidiary of Arbol Inc., a firm that has specialized in climate risks for businesses, including parametric insurance products, has acquired Sarasota, Florida-based Centauri Insurance from Applied Underwriters. The...
Former Congressman Charged After Collision with State Trooper in Florida
Apr 19 2024 // A former Congressman from North Carolina may soon be facing higher auto insurance premiums after he slammed into the back of a Florida state trooper’s patrol car on Interstate 75 near Naples. Madison Cawthorn, 28,...
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs
Apr 18 2024 // Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found...
Mission Possible: Top 3 Carrier Innovations in P&C to Restabilize Homeowners Insurance
Apr 16 2024 // This post is part of a series sponsored by AgentSync. As the property and casualty market struggles to find its equilibrium, carriers and reinsurers are retooling their approach to risk and the market. As a Floridian...
Supplemental Claims Don’t Need to Include Damage Estimates, Fed Appeals Court Says
Apr 16 2024 // A federal appeals court has, at least for now, put an end to lingering questions about some property insurance claims litigation: The insured does not need to submit a competing damage estimate when filing a supplemental...
Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US
Apr 15 2024 // Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation’s biggest increases in real estate wealth as markets in the Sunshine State supplant those in...
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers
Apr 15 2024 // A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance...
DeSantis Signs Bill Barring Local Worker Heat Protection Measures
Apr 12 2024 // Florida Gov. Ron DeSantis this week signed into law a prohibition on local governments requiring worker protections from heat exposure, a law that could potentially lead to more workers’ compensation claims from...
Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut
Apr 11 2024 // After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but...
Florida’s Slide Insurance Secures $210 Million Catastrophe Bond
Apr 11 2024 // Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in...
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars
Apr 11 2024 // Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to...
Florida Public Adjuster, Renter Charged With Filing Claim on Rental Home
Apr 11 2024 // Florida authorities have charged a public adjuster and a rental property tenant with fraud after they allegedly falsified documents, filed a false claim and received a check from Scottsdale Insurance Co., a Nationwide...
More Data Show All Trends Pointing in Right Direction for Florida Insurers
Apr 10 2024 // Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The...
Former Florida Insurance Commissioner, Agent and FAIA Chair Gunter Dies
Apr 9 2024 // Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89. “He was a strong, thoughtful public servant and pioneer in insurance regulation as...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance
Apr 8 2024 // Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about disasters like fires or floods or tornadoes. But here is something riskier still: Going without home...
