Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Authorities Charge 4 in Fraudulent Roof Claims, Issue Warrant for Contractor
Dec 4 2023 // Florida authorities have announced the arrest of four people in connection with an alleged scheme to deliberately damage roofs in order to qualify them for insurance claims. And another contractor well known to insurers...
Declarations
Dec 4 2023 // AI and Insurance Jobs “Although the overall impact of generative AI on employment remains uncertain, it will likely change the way society works, as current employees learn to leverage the power of this developing...
People & Places
Dec 4 2023 // National Pat Tomlinson Pat Tomlinson has been named president of Marsh McLennan’s Mercer and will succeed Mercer CEO Martine Ferland upon her retirement March 31, 2024. In the meantime, as president, Tomlinson will...
Industry Trends to Exploit for 2024
Dec 4 2023 // Agency owners must watch and learn about major trends when they start. Following are key trends that insurance agencies should be tracking for 2024. 1. Insurtech Several trends are emerging in the insurtech...
Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse
Dec 1 2023 // (Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in...
US Senate Committee Wants Investigation Into Florida Citizens’ Loss Reserves
Dec 1 2023 // The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses...
Springsteen’s Drummer, Weinberg, Says Florida Car Restorer Took $125,000 From Him
Nov 30 2023 // FORT LAUDERDALE, Fla. (AP) — Bruce Springsteen`s drummer, Max Weinberg, is suing the owners of a Florida car restoration company, saying they stole $125,000 by falsely promising him a like-new 1957 Mercedes-Benz and...
Florida Injury Attorney Begins Prison Time for Defrauding Former Players in NFL Lawsuit
Nov 29 2023 // A Florida injury attorney who led a class-action lawsuit on behalf of former NFL players, then defrauded his clients out of millions of dollars, is in federal prison after he was sentenced to 14 years. Phillip Timothy...
Alleged Leader of Multi-State Auto Fraud Ring Arrested in Florida After 4 Years in Hiding
Nov 29 2023 // A Washington State man, on the lam for four years and wanted in connection with $6 million in auto insurance fraud schemes and staged accidents across the country, has been arrested in Florida. The U.S. Marshals Service...
Florida Appeals Court Says Pre-Suit Notice Requirement Not Retroactive
Nov 29 2023 // When Florida lawmakers approved Senate Bill 76 in 2021, requiring a 10-day notice before suits are filed against insurers, it was seen as a big step in stemming what had become a flood of claims litigation. Since then,...
Florida Hospital Alleges Juror Misconduct, Wants New Trial After Verdict in Maya Case
Nov 28 2023 // The Florida hospital at the center of the high-profile Maya Kowalski negligence case has asked for a new trial, alleging that the jury foreman improperly leaked information during the trial, which resulted in a $216...
HCI Execs to Launch Condo Insurance Exchange in Florida After OIR Approval
Nov 27 2023 // Executives at Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap Insurance companies, are having a busy fourth quarter. Just a day after HCI announced that Homeowners Choice had successfully...
HCI’s Homeowners Choice Takes On 53.7K Florida Citizens Policies; TypTap Goes Next
Nov 22 2023 // Homeowners Choice Property & Casualty Insurance Co. recently assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company. The policies assumed amount to...
Florida Man Sentenced for Role In Workers’ Compensation Fraud Conspiracy
Nov 21 2023 // A federal judge has sentenced Ramon Paz of Lakeland, Florida to 33 months in federal prison for conspiracy to commit wire fraud to avoid paying for workers’ compensation insurance. According to the U.S....
AM Best Places Florida Farm Bureau Ratings Under Review After Idalia Losses Pile On
Nov 20 2023 // AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Florida Farm Bureau Casualty Insurance Co. and...
Choice Financial Acquires Hackmeier Agency in South Florida
Nov 20 2023 // Virginia-based Choice Financial Group has acquired Jeff D. Hackmeier and Associates, a south Florida insurance agency catering to high net-worth clients. Hackmeier, based in Bay Harbor Islands, near Miami, has been in...
Skanska Ordered to Pay $1.7M to Florida Oyster Farm for Barges Loosed in Storm
Nov 20 2023 // Skanska USA, part of one of the world’s largest construction firms, was ordered to pay almost $1.7 million to a Florida oyster farmer, three years after the firm’s barges broke loose in Hurricane Sally. The...
Best Agency to Work For – Southeast Gold Winner: Wiglesworth-Rindom Insurance Agency
Nov 20 2023 // Education Is Key to Success Florida insurance agents have been through the wringer in the last five years, with repeated rate increases for properties across the board, carriers pulling out of the market, and continual...
Heavy Rains, High Winds Bring Flooding, Damage to South Florida
Nov 17 2023 // FORT LAUDERDALE, Fla. (AP) — Why has it been raining so much in south Florida? Experts say the latest windy, rainy storm system seen this week has nothing to do with hurricane season. The storm system that formed...
Mom Not Liable in Son’s Crash of Family Car, Florida Supreme Court Says
Nov 17 2023 // Florida families and their auto insurers can rest a little easier after the state Supreme Court decided Thursday that a mom cannot be held vicariously liable for an accident caused by her son who had borrowed the family...
