Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Infamous Florida Plaintiffs’ Firm Files For Bankruptcy. Will Strems Get His $36 Million?
Sep 12 2023 // The successor to a law firm that was known as “public enemy number one” by Florida’s property insurance industry after it filed thousands of unnecessary lawsuits – many of them on the same claim – has...
Death Toll for Idalia Rises to Four as Disaster Declaration Added for Georgia Counties
Sep 11 2023 // CROSS CITY, Fla. (AP) — An elderly man who was cleaning debris from Hurricane Idalia in north Florida when a tree fell on him has been declared the state`s third death from the Category 3 storm, officials said...
Florida-based Bayview Launches Mortgage-Focused Insurance Asset Management
Sep 7 2023 // Florida-based Bayview Asset Management LLC is launching an insurance asset management arm that will seek to expand the range of investable assets available to insurers, according to a statement from the company. The new...
Former NFL Standout Mike Williams on Life Support after Florida Construction Accident
Sep 7 2023 // Former NFL wide receiver Mike Williams was reported to be on life support at a Tampa hospital Thursday after a construction accident. Multiple news outlets reported that Williams, who played for the Tampa Bay Buccaneers...
Update: Adjusters-as-Appraisers Contracts Are Voided by Fee Cap, Florida Appeals Court Says
Sep 7 2023 // Public adjusters cannot double as appraisers in claims disputes if their total fees exceed the statutory cap, a Florida appeals court decided Wednesday in what may be seen as another win in property insurers’ long...
Authorities Looking for Source of Oil Spill at Florida’s Port Manatee
Sep 6 2023 // The U.S. Coast Guard is continuing to investigate the source of an oil spill that contaminated more than 19,000 gallons of water at Port Manatee in Tampa Bay. The spill was reported last week and crews have worked since...
‘Eyewall Replacement’ Led to Weakening of Hurricane – This Time, NHC Says
Sep 6 2023 // In the final hours before Hurricane Idalia struck Florida the storm had grown into a Category 4 beast lurking off the state’s west coast, and the forecast called for it to continue intensifying up until landfall. An...
New Juice in Florida Market: Orange Insurance Exchange Approved by OIR
Sep 6 2023 // Just days after another hurricane smashed through part of Florida, another property and casualty insurer has been approved for the state, providing more evidence that 2022 legislative limits on litigation are having a...
Nick Carter of Backstreet Boys Facing Civil Suits in Las Vegas Alleging Sexual Assault Decades Ago
Sep 5 2023 // Backstreet Boys singer Nick Carter has won a favorable ruling in one of two civil lawsuits filed against him in Nevada, one by a woman who alleges he raped her on his tour bus in Washington state in 2001 and another by a...
Boy Struck and Killed by Car in Florida After Dog Chased Him into the Street
Sep 5 2023 // JACKSONVILLE, Fla. (AP) — A 12-year-old boy was struck and killed by a car Friday morning in Florida after a dog chased him into the street, authorities said. The boy and his younger brother had been walking on a...
Horseshoe Beach Hopes to Rebuild After Idalia, But Most Had No Flood Insurance
Sep 5 2023 // HORSESHOE BEACH, Fla. (AP) — This remote seaside enclave known as “Florida`s Last Frontier” took much of the pounding from Hurricane Idalia when it struck the state`s west coast as a Category 3 storm last...
RMS, Verisk Weigh in With Insured-Loss Estimates in Low Billions of Dollars From Idalia
Sep 5 2023 // Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate...
Florida Residents Worry About More Burglaries After Looters Post-Storm
Sep 5 2023 // HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other...
Florida Regulators Remind Insurers to Take Care of Insureds as Claims Come in
Sep 5 2023 // The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000,...
Personal Lines in Surplus Lines
Sep 4 2023 // The continuing trend of more personal lines business making its way into the E&S market is surprising, says John Jennings, CEO and one of the founding members of Jencap Group. “I think that is probably the...
More Signs of Life in Florida: New Insurers, More Citizens Takeouts
Sep 4 2023 // Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena in...
Hard Market Pressure: Surplus Lines Lifting Heavy Load in Turbulent Times
Sep 4 2023 // As the longest hard market in memory refuses to fade, standard property/casualty carriers are not only continuing to raise prices but also reimagining their books by shedding risks they no longer want. It’s affecting...
Tampa Bay Gets Flooding But Again Dodges Direct Hit. Protected by Native Spirits?
Sep 1 2023 // Last year it was Hurricane Ian that drew a bead on Tampa Bay before abruptly shifting east to strike southwest Florida more than 130 miles away. This time it was Hurricane Idalia, which caused some serious flooding as it...
AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance
Sep 1 2023 // Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released...
Tesla Braces For Its First Trial Involving Autopilot Fatality
Sep 1 2023 // Tesla Inc. is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what will likely be a major test of Chief Executive Elon...
