Another View on Florida Ratings Flap; and Petrelli Calls Citizens Re Idea ‘Creative’ August 1, 2022 By Scott Johnson The recent brouhaha regarding Demotech and its Financial Stability Ratings (FSRs) of as many as 20 Florida insurers has now...
Tank Explosion Severely Burns Six Workers in Mississippi August 1, 2022 Six workers suffered severe burns following a Friday morning explosion at a oil drilling storage tank in central Mississippi. The...
Record Floods in Kentucky Take 15 Lives, Hundreds of Homes July 29, 2022 Record flooding in parts of Appalachia have left at least 15 dead, hundreds of homes destroyed and entire communities wiped...
State Farm Settles Alabama Class Action Charging it Underpaid Claims July 29, 2022 By William Rabb Did State Farm Insurance employ a clever device to reduce its payout – sometimes to zero – on thousands of...
Another One: American Traditions Stops New Business in Florida July 28, 2022 Another property insurer has halted writing new policies in Florida. For homeowners, condominiums and rental properties, “new business will be...
United P&C Completes Florida Restructuring Amid Catastrophe Losses July 28, 2022 United Insurance Holdings, parent of United Property & Casualty Insurance, said it has completed most of its major reorganization plan,...
OSHA Investigating After Construction Worker Electrocuted at Charlotte Airport July 28, 2022 A construction worker at a North Carolina airport was electrocuted, according to a California-based company for whom he worked. The...
Insureds Can’t Block Repairs Then Sue Insurer, Florida Appeals Court Agrees July 28, 2022 By William Rabb Insureds cannot recover damages from the insurance company if they failed to comply with the policy and failed to allow...
Florida Regulators Unveil Ratings Crisis Solution: Let Citizens Reinsure Carriers July 27, 2022 By William Rabb Florida’s insurance commissioner announced today that his office has found an “unprecedented solution” to the looming property insurer rating crisis...
Crist Slams DeSantis for Florida Insurance Crisis; Fried Blames Crist July 27, 2022 U.S. Rep. Charlie Crist, the Democratic frontrunner for governor of Florida, this week sharply criticized incumbent Gov. Ron DeSantis for...