Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says
Mar 22 2024 // Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a collective profit for the first time in seven years, S&P Global Market Intelligence...
Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’
Mar 20 2024 // The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments from Gov. Ron DeSantis...
Florida Jewish Center Burned by Arsonist But Police Say It’s Not a Hate Crime
Mar 20 2024 // FORT LAUDERDALE, Fla. (AP) — A South Florida Jewish center suffered severe damage in a weekend arson fire that police believe was set by a mentally ill homeless man who previously confronted the rabbi and others. Rabbi...
Florida High Court Ruling Could Cut Damages for Bars Serving Booze to Minors
Mar 20 2024 // Insurers in Florida can can contemplate potentially lower loss costs on liquor liability policies after a recent state Supreme Court ruling that clarified when bars and restaurants can be held partially versus completely...
How to Renew Your Insurance License with a Criminal Background Part 1: Alabama through Georgia
Mar 19 2024 // This post is part of a series sponsored by AgentSync. Insurance licenses can be hard to get and keep, even for those with the most pristine backgrounds. So, what’s an insurance producer to do if they find themselves...
Florida Jury: NICO Did Not Act in Bad Faith in Crash That Killed 4 Women From Spain
Mar 18 2024 // Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not...
Creditors Move to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay Debts
Mar 18 2024 // Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a...
A North/South Approach
Mar 18 2024 // Renting or buying a boat and keeping it in a storage facility in states like Florida is pricey, adding up to a few thousand dollars in monthly rent, sometimes equaling the cost of a high-end boat itself. For those boat...
Declarations
Mar 18 2024 // ‘Foundational Change’ Required “Boeing must commit to real and profound improvements. … Making foundational change will require a sustained effort from Boeing’s leadership, and we are going to...
Business Moves
Mar 18 2024 // East King Insurance Partners, Mehta Insurance Agency Florida-based King Insurance Partners acquired Mehta Insurance Agency, located in Absecon, New Jersey. Mehta Insurance Agency’s offerings include business, flood...
Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth
Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
Florida Condo Sales and Prices Fall Due to Insurance, Association Costs, Redfin Says
Mar 18 2024 // Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a...
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates
Mar 15 2024 // Do motorist-assistance systems like GM’s OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed class-action lawsuit...
NFIP Pays $364M on Idalia Claims. Florida Bill Requires Flood Disclosure to Buyers
Mar 14 2024 // The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane...
Florida Jury Awards $32M Against Cleveland Clinic. Did ‘Changing Stories’ Play Role?
Mar 13 2024 // A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and who later died. The jury found the...
Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023
Mar 13 2024 // TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit...
Florida-Based HCI Group Reports Strong Gain in Q4 Earnings
Mar 12 2024 // TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported fourth-quarter earnings of $38.1 million, a significant improvement over Q4 2022. The Tampa, Florida-based company said it had profit of $3.40 per share....
Mississippi Wind-Mit Bill Would Tax Insurers, Help Fund Retrofits, Tornado Rooms
Mar 11 2024 // Mississippi could soon join the growing list of states with grant-funded wind fortification programs for homeowners, thanks to a bill that’s moving through the state Legislature. The state House of Representatives...
Florida, Texas Grab Bigger Chunk of Paychecks as NY Fades
Mar 11 2024 // Southern US states have enjoyed some of the strongest job growth in the pandemic era, as well as some of the biggest wage increases — and they’re luring Americans from elsewhere in the country. Add those things...
Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits
Mar 11 2024 // A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to the Citizens Property Insurance Corp. coverage model to further limiting policy...
