Florida OIR Fines Heritage P&C $1M for Ian Claims Issues May 13, 2024 By William Rabb The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property &...
Spouse Married After Injury Can Still Seek Damages in Asbestos Claim – Fla. High Court May 10, 2024 By William Rabb The Florida Supreme Court has opened the door a little wider to wrongful death claims from people who weren’t married...
Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance May 9, 2024 By William Rabb Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent...
Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes May 7, 2024 By William Rabb An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward...
Florida Saw Jump in Workers’ Comp Cost per Claim in 2022-23, WCRI Report Shows May 6, 2024 By William Rabb Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration...
Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court May 3, 2024 By William Rabb Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability...
Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud May 3, 2024 By William Rabb After an investment research firm dropped a bombshell last month and sent shares of Globe Life Inc. plunging by 53%,...
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster April 30, 2024 By William Rabb Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust...
Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases April 29, 2024 By William Rabb The Florida Supreme Court has given auto insurers more flexibility in reducing payments for medical services under the state’s no-fault...
4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says April 25, 2024 By William Rabb Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or...