Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Premiums for Florida Cat Fund to Jump 12% This Year, Report Shows
Apr 26 2022 // Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving new urgency to calls to cut the fund’s retention level in half, a move that some estimates...
FedNat Has Until Friday to Submit Improvement Plan, Florida OIR Says
Apr 25 2022 // The Florida Office of Insurance Regulation has given FedNat Insurance a week to come up with a plan to improve its financial footing, after the company’s stability rating was downgraded to level that is not...
Florida Agents Must Return $4M in Unearned Commissions From Insolvent Gulfstream
Apr 21 2022 // Insurer insolvencies are hard enough on policyholders and company executives, but local agents across Florida also are feeling the pain from one recent liquidation and may soon feel it from others. The Florida Department...
Florida’s Harbour Agency Joins Renaissance Alliance
Apr 20 2022 // Harbour Insurance Agency in Florida has joined Renaissance Alliance, a national network designed to help agencies grow revenue. Harbour, with offices in Naples, North Naples, Estero and West Coral Springs, specializes in...
Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?
Apr 19 2022 // Florida’s governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may come too late for...
Demotech Downgrades FedNat Rating, Just as Florida Guv Calls Special Session
Apr 18 2022 // Florida-based FedNat Insurance Co., six months after it pulled out of other states to concentrate on Florida, woke up to some potentially bad news on Good Friday. The Demotech financial rating firm announced it has...
King Brokerage Acquires Ameriway in NE Florida
Apr 18 2022 // The King Insurance brokerage firm has acquired Ameriway Insurance Co., based in Fernandina Beach, Florida, the companies announced. Ameriway provides commercial and personal lines coverage and was founded by Charles Hayes....
Florida Consumer Advocate, Attorneys Concerned about Growing Use of Arbitration in Claims Disputes
Apr 18 2022 // Plaintiffs’ attorneys and Florida’s insurance consumer advocate are pushing back on insurers’ plans to require arbitration to settle more claims disputes. Some attorneys warned that the plans could lead...
Lighthouse in Rehab in Louisiana But Could Trigger Another Assessment in Florida
Apr 14 2022 // Because Lighthouse Property Insurance Co. is domiciled in Louisiana, Florida’s insurance regulators probably won’t put the troubled company through the receivership and liquidation process in the Sunshine...
Florida Man Charged With Unlicensed Adjusting, Promising Free Roofs
Apr 13 2022 // In another case involving the notorious Strems Law Firm, a Florida man has been charged with operating as an unlicensed claims adjuster and promising homeowners free roofs and kitchens to be paid for by an insurance...
Florida Senator Trying to Force Special Session with Support from Rank and File
Apr 13 2022 // Florida state Sen. Jeff Brandes is not waiting for legislative leaders or the governor to call a special session to tackle the property insurance crisis, and is polling his colleagues to force a meeting, as allowed by...
Louisiana Places Lighthouse Into Receivership; No Word Yet on Florida’s Plans
Apr 12 2022 // Weeks after Lighthouse Property Insurance announced it would stop writing new business in Florida, the insurer has been placed into receivership in Louisiana. Insurance Commissioner Jim Donelon placed Lighthouse into...
Walgreens Flooded Florida with Opioids, State Lawyer Tells Jury
Apr 12 2022 // Walgreens Boots Alliance Inc. supplied billions of opioid pills to drug addicts and criminals, contributing to an addiction epidemic in Florida, a lawyer for the state said Monday in a civil trial against the pharmacy...
Bar Owners Get No Relief from Florida’s COVID Shut-Down Orders
Apr 12 2022 // Florida’s 5th District Court of Appeal has affirmed a trial court’s dismissal of a suit brought by bar owners in Orlando who were shut down during the COVID-19 pandemic. Orlando Bar Group and its three...
Consumer Advocate, Florida Trial Lawyers Concerned about Arbitration in Claims Disputes
Apr 8 2022 // Plaintiffs’ attorneys and the state’s insurance consumer advocate are pushing back on Florida insurers’ plans to require arbitration to settle more claims disputes. Some attorneys warned that the plans...
Florida insurance market needs strong medicine
Apr 7 2022 // If the Florida homeowners’ insurance market were in a medical exam, the diagnosis would find the patient in dangerously poor condition. The patient’s vital signs—its financial results—are troubling. What is...
Walgreens Goes to Trial in Florida Lawsuit on Opioids
Apr 7 2022 // Most of the defendants in Florida’s lawsuit over the opioid epidemic have settled for more than $870 million, according to the state attorney general. One remains: Walgreens Co. is not giving up. A jury has been...
Business Moves: King Insurance Acquires Generic Agency in Florida
Apr 6 2022 // King Insurance, an insurance brokerage known for its rapid expansion in recent years, has acquired Generic Insurance Agencies of North Central Florida. GIA operates out of offices in Gainesville and West Palm Beach,...
From Roof Building Codes to ‘Matching’ Limits, Some Changes Underway in Florida
Apr 6 2022 // Property insurance companies and roofers in Florida don’t often see eye-to-eye. Insurers have frequently blamed unscrupulous contractors for jacking up claims, and roofing companies have sued insurance carriers,...
With Florida Rulings, Will More Insurers Require Arbitration in Claims Disputes?
Apr 1 2022 // A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs....
