Southeast News

Duke Energy Plans Green Hydrogen Project in Florida

Electric utility Duke Energy plans to build a project to create clean energy using an end-to-end system to produce, store and combust 100% green hydrogen, in Florida. The new system, a collaboration between Duke, construction management and consulting firm Sargent …

Tennessee DCI Holds Webinar on Changes in Licensing Exam Program

The Tennessee Department of Commerce and Insurance will host a webinar Thursday, Nov. 2 to cover key changes in the state’s insurance license exam program. The Department said it has teamed up with Pearson VUE, a test administration firm, to …

South Carolina Seeing Record Number of Insurance Fraud Complaints

South Carolina in 2022 saw a record number of complaints about insurance fraud, and has almost matched the number through the first 10 months of this year. And some state lawmakers are now looking into the reasons for the increase. …

Universal Ready to Add Florida Policies Again, Contemplates Potential Rate Cuts

Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its home state of Florida. “As we move forward, we’re more confident in the Florida market, …

People Moves: FSLA Names DeMott New President, Adds Board Members

The Florida Surplus Lines Association installed new officers and directors at its recent annual convention, including new President Dave DeMott, of Gridiron Insurance Underwriters. Other FSLA 2023-2024 board members include: President-elect: Virginia Clancy, ASLI, CIIP, TAPCO Underwriters, Inc. Treasurer: Al …

TWFG Acquires Jeff Kincaid Agency in North Carolina

TWFG Insurance, also known as The Woodlands Financial Group, has continued its growth trajectory with the acquisition of Jeff Kincaid Insurance Agency, which has five offices in North Carolina. Kincaid, a former Nationwide Mutual Insurance agent, brings an $18 million …

Appeals Court Upholds $12M Verdict in Fatal Keys Crash; Insurer Facing Bad-Faith Claim

A federal appeals court this week upheld a $12 million jury award against a gravel and waste-hauling company in a horrific highway accident that killed four Spanish women who were on vacation in the Florida Keys in 2018. But it’s …

Kentucky Approves 18th-straight Decrease in Workers’ Comp Loss Costs

Kentucky’s Insurance Commissioner has approved a 6.4% decrease in average workers’ compensation loss costs for the state, making it the 18th consecutive drop in costs for most Kentucky employers. “The decreased claim figures make Kentucky an appealing state to do …

FEMA Raises Federal Cost Share to 90% of Eligible Hurricane Ian Recovery in Florida

The Federal Emergency Management Agency has raised the federal cost share for funding assistance, potentially making millions more dollars available to Florida authorities for Hurricane Ian recovery efforts in Florida, the agency said Wednesday. FEMA Administrator Deanne Criswell said in …

People Moves: XPT Taps Jones as VP, to Head Orlando Office

XPT Specialty, a wholesale brokerage with offices in 12 US states, has named Mike Jones senior vice president, based at XPT’s newly established Orlando office. Jones will oversee hybrid managing general agency/brokerage placements for contractors, hospitality, product liablity and liquor, …

Southeast News Archives by Month