Trending Florida Headlines
The most viewed headlines from our Florida Topic Page over the last 30 days.
#1 Update: Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes
May 7 2024 // An updated guideline from Fannie Mae, if it stands, could throw a wrench into the property-casualty insurance industry’s move toward actual cash value for more homeowners and condo coverage. A Fannie Mae spokesperson...
#2 Former Congressman Charged After Collision with State Trooper in Florida
Apr 19 2024 // A former Congressman from North Carolina may soon be facing higher auto insurance premiums after he slammed into the back of a Florida state trooper’s patrol car on Interstate 75 near Naples. Madison Cawthorn, 28,...
#3 Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance
May 9 2024 // Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance...
#4 4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says
Apr 25 2024 // Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or even unlicensed claims adjusters after storms, practices that have led to...
#5 Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
Apr 29 2024 // The Florida Supreme Court has given auto insurers more flexibility in reducing payments for medical services under the state’s no-fault auto insurance law and may have finally put to rest years of questions about the...
#6 Employer Can’t Deny Comp Claim in Shooting Then Argue Immunity, Court Says
Apr 26 2024 // An employer cannot deny a workers’ compensation claim on the grounds that a shooting injury was not work-related then turn around and argue it has immunity from a tort lawsuit because the incident happened at work, a...
#7 Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers
Apr 15 2024 // A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the financial fortitude and the financial rating system for dozens of Florida property insurance...
#8 Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster
Apr 30 2024 // Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust company executives who previously helmed now-insolvent carriers. Some have called...
#9 Coral Gables, Florida Tops Beverly Hills as Ritziest Home Market in US
Apr 15 2024 // Floridians with homes in the ritziest neighborhoods that include Coral Gables and Naples are experiencing the nation’s biggest increases in real estate wealth as markets in the Sunshine State supplant those in...
#10 Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech
May 6 2024 // Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance...
#11 Risk Perception Drops After Hurricanes: Study
Apr 23 2024 // As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings suggest that programs and...
#12 Investment Funds File New Suits Over Lighthouse Insurance Collapse in 2022
Apr 23 2024 // Three investment firms connected to some of the best-known names on Wall Street have upped the ante in a legal dispute over now-insolvent Lighthouse Property Insurance Corp., based in Tampa. Fortinbras Enterprises, the...
#13 Florida Governor Signs Wind-Mitigation Funding Bills for Homes, Condos
Apr 29 2024 // Florida’s governor has signed two bills that will provide more matching grants for homeowners and condominium associations to fortify properties against the growing threat of windstorms. Senate Bill 7028 will send an...
#14 Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs
Apr 18 2024 // Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found...
#15 Supplemental Claims Don’t Need to Include Damage Estimates, Fed Appeals Court Says
Apr 16 2024 // A federal appeals court has, at least for now, put an end to lingering questions about some property insurance claims litigation: The insured does not need to submit a competing damage estimate when filing a supplemental...
#16 Arbol Unit Buys Centauri Insurance, Forms Lilypad to Broaden Climate Risk Coverage
Apr 22 2024 // A subsidiary of Arbol Inc., a firm that has specialized in climate risks for businesses, including parametric insurance products, has acquired Sarasota, Florida-based Centauri Insurance from Applied Underwriters. The...
#17 Florida Saw Jump in Workers’ Comp Cost per Claim in 2022-23, WCRI Report Shows
May 6 2024 // Call it the effects of wage creep during the pandemic, along with a little bit of creep in the duration of benefits. Employers and insurers in Florida saw a 7% increase in total cost per workers’ compensation claim...
#18 16 Nabbed in Florida Sting Operation for Failing to Get Workers’ Comp Coverage
May 1 2024 // A sting operation in Manatee County, Florida, has led to the arrest of 16 men who were working without a contractor’s license and without securing workers’ compensation insurance on their employees. The sting...
#19 South Florida ‘Butt Lift’ Surgery Clinic Linked to 15 Drug-Resistant Bacteria Infections
May 1 2024 // Florida and federal health officials have determined that 15 infections from a drug-resistant bacteria have been linked to a south Florida clinic that performed Brazilian “butt lift” surgeries in 2022 and...
#20 Florida’s Heritage Insurance Sees More Profits in Q1 This Year
May 3 2024 // Heritage Insurance Holdings Inc. (HRTG) on Wednesday reported earnings of $14.2 million in its first quarter of this year, about the same as earnings for Q1 of 2023, but down from the $31 million in net income reported for...
