Appeals Court Won’t Certify Class Action on State Farm’s Diminished Value Formula September 28, 2022 By William Rabb Auto and property insurers in the last three months have settled class-action lawsuits in Southern states alleging the carriers systematically...
Tampa, Now a Major Insurance, Financial Services Hub, Empties Out Ahead of Storm September 27, 2022 Tampa, one of the fastest-growing financial services hubs in the US, began emptying in a matter of hours Monday after...
UPDATE: Hurricane Ian Turning Toward Tampa Area and $258B in Replacement Value September 27, 2022 By Staff and Wire Reports Florida property insurance experts have long warned that a powerful hurricane strike on a major metropolitan area could result in...
Florida Restructure Plan Didn’t Take: FedNat Insurance Deemed Insolvent September 27, 2022 By William Rabb Despite monitoring by Florida regulators, cancellation of more than 56,000 policies, and an extensive restructuring plan this year, FedNat Insurance...
Head-Injured Alabama Worker May Get Comp Claim, Despite Mediation Barring It September 26, 2022 By William Rabb An electrician sustains a head injury on the job. He signs a mediation agreement absolving the employer of any workers’...
North Carolina Insurance Dept. Takes Over Investigation Into Furniture Plant Fire September 26, 2022 An investigation into a fire that destroyed a 40-year-old furniture upholstery business in North Carolina has been turned over to...
Stoplight Shooting Not Covered by Uninsured Motorist Policy, Carolina High Court Says September 23, 2022 By Insurance Journal Staff Reports A fatal shooting by a disturbed driver is not covered by the victim’s uninsured motorist policy, the South Carolina Supreme...
Truck Driver Had Heart Attack, but Accident Still Compensable in North Carolina September 23, 2022 By William Rabb Workers’ compensation carriers in North Carolina continue to be bound by a 44-year-old presumption that a death during work duties...
Florida Comp Insurers Challenge Hospital Payment Plan. Up Next: Physician Dispensing September 22, 2022 By William Rabb A group of workers’ compensation carriers has filed a formal challenge to the state’s hospital reimbursement plan, arguing that payment...
PCF Insurance Buys Peak Performance Brokerage, its 112th Acquisition This Year September 22, 2022 PCF Insurance Services, a burgeoning brokerage based in Utah, has acquired Peak Performance Team, a brokerage that offers financing and...