Citizens: Underwriting Losses, but $81M in Net Income Thanks to Investments March 24, 2022 By William Rabb Citizens Property Insurance Corp. directors said Wednesday they continue to worry about the state of the Florida insurance market, Citizens’...
TypTap CEO: Pause in Florida Writing was Planned; Growth Continues March 22, 2022 By William Rabb The February news that five Florida-admitted property insurers had stopped writing new business in the state painted a picture of...
6th Circuit: Insurer’s Hefty Penalty on Employer’s Audit Non-Compliance Will Stand March 17, 2022 By William Rabb A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found...
Florida DFS Charges Two Roof Contractors in ‘Free Roof’ Scheme March 17, 2022 By William Rabb The recent arrest of two men associated with a large Florida roofing company, on charges of offering “free roofs” and...
Georgia Court: Despite Policy Payout, Settlement Offer Not Enforceable March 16, 2022 By William Rabb A payment of the policy limits is not always enough to settle a vehicle accident. The insurer must also agree...
Coming Soon: Stadium-Sized Site to Test 200-mph Wind, Waves, Storm Surge March 15, 2022 By William Rabb In the not-too-distant future, researchers should be able to see exactly which materials and construction techniques hold up best against...
Lawsuits vs. Citizens Insurer Continue to Rise But Legal Fees and Payouts Dropping March 11, 2022 By William Rabb A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad...
Florida Class Action Wants Answer: Must Insurer Pay Attorney Fees for Pre-Suit Notices? March 9, 2022 By William Rabb Florida’s Senate Bill 76, signed into law last June, was supposed to help reduce insurance claims litigation by making policyholders...
Florida Insurers Crying Foul Over Slide’s ‘Favored’ Treatment in St. Johns Insolvency March 7, 2022 By William Rabb The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance...
Florida DFS Takes Action Against Public Adjuster Insurers Had Crossed With March 4, 2022 By William Rabb After several months of investigation, Florida regulators have filed an official action against a public adjuster that insurance companies had...