Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
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...
Florida Condo Mitigation Bill Passes but Other Insurance Bills Uncertain After Changes
Mar 7 2024 // A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills may have hit a snag after last-minute changes – with just two days left in the legislative...
Fed Court Wants Florida Supremes to Clarify Rule That Can Bar Subrogation Recovery
Mar 7 2024 // In the next year or so, the Florida Supreme Court could decide on the exact meaning of a legal doctrine that, under one interpretation, has blocked millions of dollars per year in subrogation recovery for liability...
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says
Mar 6 2024 // Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called...
People Moves: Lerant Joins South & Western; CompSource Mutual Insurance Company Names Ingram CEO; BenefitMall Appoints Long Retention Sales Manager for Georgia and Florida
Mar 6 2024 // Lerant Joins South & Western as Business Development Specialist Lou Lerant recently joined South & Western Insurance as a business development specialist. South & Western Insurance, based in Addison, Texas, is...
Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation
Mar 5 2024 // Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking...
NTSB: Engine Oil Warnings Sounded Just Before Jet Crashed on Florida Interstate
Mar 5 2024 // ST. PETERSBURG, Fla. (AP) — Moments before the deadly crash of a charter jet on a Florida highway, three warnings about oil pressure problems in its two engines sounded, the National Transportation Safety Board said in a...
