Florida Regulators Now Reviewing Rate Hikes of 14%, 62% and 103% March 31, 2023 By William Rabb Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy...
Toxic Connection Not Proven, Appeals Court Finds in Florida Cancer Suit vs. Raytheon March 30, 2023 By William Rabb In closely watched and widely publicized toxic-tort litigation that has percolated through the courts for more than a decade, federal...
Mississippi Insurance Agency, Like Others Hit by Storms, Vows to Rebuild After Tornado March 29, 2023 By William Rabb For the third time in the last 18 months, tornadoes or a hurricane have wiped out or have heavily damaged...
In Filing With Regulators, Florida Citizens Wants Appraisers to Be Licensed Adjusters March 28, 2023 By William Rabb Citizens Property Insurance Corp. has weighed in on a question that could shake up the appraisal process in Florida insurance...
25,000 Lawsuits by Today? Florida Plaintiff Firms Rushing to File Before Tort-Reform Bill Signed into Law March 23, 2023 By William Rabb The Florida Senate approved a take-no-prisoners tort-reform bill Thursday and Gov. Ron DeSantis signed it into law Friday. The bill,...
Florida Insurance Agent Who Used $5M in Premiums for Safari, Condos Gets 14 Years March 23, 2023 By William Rabb More than 18 months after he pleaded guilty to absconding with almost $5 million in premiums, a Florida insurance agent...
With Sex Assault Cases on the Rise, Insurers Tighten Hospital Liability Exclusions March 22, 2023 By William Rabb South Floridians may remember the case of a patient at Westchester General Hospital in Miami, who said she was sexually...
DeSantis Turns Heads with Comment that Citizens Insurance ‘Not Solvent;’ Board Approves Cat Bond March 20, 2023 By William Rabb Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has...
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation March 20, 2023 By William Rabb Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as...
Amendment to Florida Tort-Reform Would Grant One-Way Attorney Fees in Some Cases March 15, 2023 By William Rabb A sponsor of a far-reaching Florida tort-reform bill warned last week that the measure, unlike previously adopted insurance legislation, is...