Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Insurance Rescue Bill Advances with Roof Deductible Provision
Mar 1 2022 // A rescue bill that aims to cut losses and litigation expenses for Florida property insurers passed a state Senate committee Monday, its last stop before a floor vote in the full Senate. But with just 11 days remaining in...
People Moves: Bakofsky at Florida OIR, Gorman at North Carolina
Feb 28 2022 // Bakofsky Named Chief of Staff at Florida OIR Florida Insurance Commissioner David Altmaier announced that communications director Alexis Bakofsky has been elevated to chief of staff. Bakofsky joined the state Office of...
St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports
Feb 28 2022 // St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated. The Florida Department of Financial Services posted a notice Friday that a judge in Leon...
People: Boler Joins Villages Insurance
Feb 25 2022 // The Villages Insurance Partners in Florida has named Nathan Boler a personal lines risk consultant. Boler, who began with an Allstate agency in Florida in 2017, then was with State Farm, is now at the Villages Spanish...
Rail Inspectors To Examine Florida Crossings After Spike in Brightline Fatalities
Feb 25 2022 // After nine fatal collisions since early November, the Federal Railroad Administration plans to investigate the Brightline passenger train in Florida. “We’re going to start with what we consider to be the most...
Florida House Committee Gives Nod to Surplus, Citizens, Fraud Bills
Feb 24 2022 // The Florida House of Representatives’ Commerce Committee passed no fewer than five bills Wednesday that could affect property and casualty insurance, from allowing surplus lines carriers to be based in Florida, to...
Florida Senate Committee Advances Condo Inspection Bill
Feb 24 2022 // A Florida Senate committee wasted little time Wednesday in approving a bill that would require more frequent inspections of condominiums statewide – one of the first pieces of legislation to come out of the rubble of the...
Butler Buckley Agency in Miami Joins Renaissance Alliance
Feb 23 2022 // Another Florida insurance agency, Butler, Buckley & Deets, has joined Renaissance Alliance, a national firm that helps agencies grow. Butler, Buckley & Deets, based in Miami, notes it is one of the oldest insurance...
Florida Appeal Courts Side with Insurers in Attorney Fees, AOB and PIP Cases
Feb 23 2022 // From attorneys’ fees to water damage to reimbursement limits in no-fault auto insurance, Florida appeals courts have sided with insurers in several cases in recent days. Here’s a look: Attorney Fees and Another...
People Moves: Groenheide to New Paradigm in Florida
Feb 22 2022 // Matt Groenheide, previously with GuideOne Insurance, HDI Global and Zurich, has joined New Paradigm as senior vice president and director of specialty programs. Groenheide will lead a program that matches parametric risk...
New Lending Rules Could Stifle Loans, Insurance for Florida Condos that Need Repairs
Feb 22 2022 // Just as some insurers have tightened requirements for underwriting high-rise condominiums in the wake of the Champlain Towers collapse in Miami Beach last year, now mortgage banks are starkly revising lending rules. The...
Another Big Insurer Stops Writing Homeowners Policies in Florida
Feb 21 2022 // The Florida property insurance market is showing more signs of trouble, with one of the state’s largest carriers deciding to stop writing new homeowner business in the state — while also asking for a rate...
Insurers Could Get Lower Rates on Liquidity with Bills in States
Feb 21 2022 // Many in the insurance industry may think of the Federal Home Loan Bank as an agency that facilitates affordable mortgages for homes. The system, founded in the waning days of the Herbert Hoover administration to support...
Insurtech Startup Slide Agrees to Take On Troubled St. Johns HO Business
Feb 18 2022 // Things are moving fast in Florida’s distressed property insurance market. Just days after St. Johns Insurance Co. announced it would stop writing new homeowner business in Florida, the Demotech rating agency withdrew...
Tesla Sued Over Suspension System in Fatal Florida Crash
Feb 18 2022 // Tesla Inc. has been sued over an alleged suspension failure in a crash that killed the driver and a passenger in Florida last year and sparked a federal probe. The 2021 Model 3 vehicle had a “defective and...
Dog Attack at Florida Rescue Center Kills Woman, Injures Another
Feb 18 2022 // A volunteer at a dog rescue center in South Florida died and another woman was injured after a dog attacked them Thursday morning. Local news outlets reported that two women were working with the large, mixed-breed dog at...
Appeals Court Finds GEICO Did Not Act in Bad Faith in Fatal Florida Crash Claim
Feb 18 2022 // In a case that went all the way to the federal appeals court level, a panel of judges has found that GEICO General Insurance adequately investigated a Florida claim after an insured motorist killed a cyclist, and did not...
Jersey DOL Cites 5 Southeast Contractors for Misclassifying Workers
Feb 17 2022 // Contractors based in Florida, North Carolina and Georgia have been ordered to stop work in New Jersey and now face penalties for allegedly misclassifying workers. The New Jersey Department of Labor said it had issued the...
Florida Insurance Rescue Bills Move Closer to Becoming Law
Feb 17 2022 // Two bills that many in the insurance industry hope will solve some of Florida’s worsening property insurance problems moved a step closer to becoming law Wednesday when they passed a key Senate subcommittee. The...
After Months of Decline, Florida Claims Litigation Rose Sharply in January
Feb 16 2022 // Just when insurers saw signs that last year’s reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday. CaseGlide, the maker of litigation management software, which...
