Southeast News

Changes at American Coastal Insurance After Florida OIR Action on ‘No-Fly List’

Florida regulators’ effort to enforce a 2002 state law and keep insolvent insurers’ officers out of carrier leadership roles appears to be a reason behind a significant shakeup at St. Petersburg-based American Coastal Insurance Corp. An official with Florida’s Office …

Insurer Can’t Rescind Workers’ Comp Policy, Even With Misrep, MS High Court Says

An insurer cannot rescind a workers’ compensation policy, even in the case of a material misrepresentation that could led to millions of dollars in benefits payments, the Mississippi Supreme Court decided last week. The Mississippi Workers’ Compensation Act governs all …

Florida Law Means Time Is of the Essence on Construction-Defect Subro Actions

Florida Senate Bill 360 became law on April 13, 2023. It significantly reduced the time Florida’s statute of repose and statute of limitations give plaintiffs – including subrogating insurers – to bring civil actions regarding the design, planning, or construction …

A Potential Atlantic Hurricane Is About to Clash With a Cloud of Saharan Dust

A cluster of thunderstorms is threatening to become the Atlantic’s next tropical storm or hurricane — if it can survive a cloud of dust from the Sahara. The storms southwest of the Cape Verde islands have a 70% chance of …

Three Charged With Helping Agents Cheat on Florida Insurance License Exams

Three Miami people, two them licensed insurance agents, have been charged with operating an unauthorized insurance agent licensing school and taking license examinations in applicants’ place. At least five agents’ licenses have been suspended because of the investigation. Rainer Miguel …

Tennessee Turns Probe of Questioned Graceland Sale Over to Fed Authorities

MEMPHIS, Tenn. (AP) — The Tennessee attorney general’s office said Tuesday that it has turned over its investigation into the failed sale of Elvis Presley’s home Graceland at a foreclosure auction to federal authorities, a newspaper reported. The Commercial Appeal …

NC Lawmakers Ratify Bill That Trims Taxes on Captives, Risk-Retention Groups

North Carolina, already ranked among the top states for captive insurance firms, could soon become a little more attractive for captives and risk-retention groups if the governor signs Senate Bill 319. State lawmakers this week unanimously approved the bill, which …

Youth at North Carolina Therapy Camp Couldn’t Breathe in Tent, Autopsy Finds

LAKE TOXAWAY, N.C. (AP) — A 12-year-old boy who was enrolled in a wilderness therapy program for troubled youths in North Carolina died in February from an inability to breathe in the mostly plastic tentlike structure he was sleeping in, …

Jacksonville OKs Jags’ $1.4B ‘Stadium of the Future’ to Spur Growth Downtown

JACKSONVILLE, Fla. (AP) — The city of Jacksonville approved a $1.4 billion “stadium of the future” Tuesday that should keep the Jaguars in one of the NFL’s smallest markets for at least another 30 years and end decades of speculation …

Kentucky DOI Gets New Vendor on Prelicensing, CE Services

The Kentucky Department of Insurance has a new vendor on continuing education and prelicensing services: PSI Services. Prometric, the previous vendor, is no longer accepting education course and instructor reviews, the DOI said in a bulletin. Providers should now submit …

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