Florida News

‘Game Changer’: Florida Supreme Court Ruling Could Chill Punitive Damages Claims

Punitive damages, long the scourge of businesses named in lawsuits, and a tricky issue for insurers, may soon be much harder to come by in Florida after a recent opinion handed down by the state Supreme Court. “This will definitely …

COVID Spike Forcing Florida Hospital’s Maternity Ward to Close, For Now

A South Florida hospital has temporarily closed its maternity ward due to staff-shortages related to recent outbreaks of COVID-19. Mothers-to-be who had planned on giving birth at Holy Cross Health in Fort Lauderdale will have to find another option. “In …

FAIA Posts Infographics to Help Explain Florida’s Ailing Insurance Market

In an effort to increase awareness of the need for further reforms that could improve the state’s distressed property insurance market, an independent agents’ organization has released a set of infographics for consumers. The Florida Association of Insurance Agents last …

Florida Legislature Passes Anti-Vaccine Bills

Florida lawmakers moved ahead with bills that directly conflict with federal regulations requiring COVID-19 vaccine for most workers. In a special vaccine session called by Gov. Ron DeSantis, a Republican, the Florida House voted Wednesday along party lines to approve …

FedNat Hopes to Improve Numbers By Concentrating on Florida Market

Who would have thought, given what many have called a crisis in the Florida property insurance market, that an insurance company would decide it could improve its bottom line by focusing solely on the storm-plagued Sunshine State? FedNat Insurance, formerly …

More Sponsors Sign on to Flood Insurance Reform Bill

Two Florida representatives have joined the list of officials pushing for a change in the National Flood Insurance Program. U.S. Rep. Val Demings, R-Orlando, who is running for the Senate, is one of 17 cosponsors of the NFIP Reauthorization and …

7 Arrested for Failing to Report $40 Million in Payroll and Shirking Workers’ Comp

Seven Florida residents have been charged with under-reporting payroll by $40 million in order to avoid workers’ compensation premiums, along with money laundering and other alleged violations, state officials said Monday. Between August 2018 and October 2021, the suspects used …

Florida Man Jailed on Insurance Fraud After ‘Theft’ of Motorcycle

Cameras are everywhere these days, a Florida man learned after authorities say he faked the theft of a pricey motorcycle in order to gain an insurance payout. Jeffrey Stephens, 27, was arrested Friday on fraud charges, the Volusia County Sheriff’s …

Some Florida Agents Caught Off-Guard by Boom in Solar Power

Florida may be known as the Sunshine State, but some insurance agents say they’ve been unprepared for the recent boom in rooftop solar power installations across the state, installations that can affect coverage, premiums and even home sales. “We kind …

Peak6 to Acquire Rapidly Expanding We Insure

Peak6 InsurTech has signed an agreement to acquire Jacksonville-based We Insure Inc., an independent insurance franchise company that has been rapidly expanding in recent years. “Upon closing, our franchise owners will be able to leverage PEAK6 InsurTech’s advanced technology, niche …