Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Idalia Could Mean New Pressure on Florida Rents, Housing Costs
Sep 1 2023 // (Reuters) – Hurricane Idalia is expected to increase insurance costs for Florida commercial real estate, particularly owners of apartments and other multifamily properties already grappling with soaring premiums...
Data Call: Florida OIR Wants Idalia Claims Info Daily Through Sept. 6
Aug 31 2023 // The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday. The data should be submitted by noon Eastern time, every day,...
Early Estimates Put Idalia’s Insured Losses at $3-9 Billion for Florida
Aug 31 2023 // Preliminary estimates of insured losses from Hurricane Idalia have already begun, with about $9 billion in losses predicted for Florida alone. The estimates are far lower than some in Florida had feared and well below the...
Cleanup Begins After Hurricane Idalia Hits Gulf Coast
Aug 31 2023 // Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state...
King Insurance Partners Adds Hartley to the Team in Florida
Aug 31 2023 // King Insurance Partners, a brokerage based in Gainesville, Florida, has acquired Hartley Insurance Services, the firms announced this week. Hartley, with offices in Port Orange, Florida, was founded in 2012 by Paul...
18 Years After Katrina Levee Breaches, Group Wants Future Engineers to Learn From Past Failures
Aug 30 2023 // Future engineers need a greater understanding of past failures – and how to avoid repeating them – a Louisiana-based nonprofit said to mark Tuesday`s 18th anniversary of the deadly, catastrophic levee breaches that...
Idalia Rumbles Ashore as Cat 3, Lashing Tallahassee and Much of Florida and Georgia
Aug 30 2023 // Just when parts of the property-casualty industry thought it was safe to re-enter the Florida market, Hurricane Idalia made landfall closer to the heavily-populated Tallahassee area than expected and brought heavy storm...
Warren Buffett’s Bet on Mild Florida Storm Season Faces Test With Hurricane Idalia
Aug 30 2023 // Berkshire Hathaway Inc. bet big earlier this year that Florida’s reinsurance market would deliver huge premiums with minimal losses. Hurricane Idalia is about to offer a test of that calculus, with months of...
Unusually Warm Atlantic Ocean Is Supercharging Hurricane Idalia
Aug 29 2023 // Hurricane Idalia, now a Category 1 storm, is expected to make landfall along Florida’s Gulf Coast on Wednesday. The hurricane’s likely transformation between now and then will be due in part to the unusually...
Update: 3M to Pay $6 Billion to Settle Military Earplug Lawsuits
Aug 29 2023 // 3M Co. has agreed to pay $6 billion to resolve hundreds of thousands of lawsuits alleging it sold defective earplugs to the US military that led to hearing damage for combat troops. The company will pay $5 billion in cash...
Florida Sheriff’s Copter Crashes in Pompano Beach, Killing Two
Aug 29 2023 // A south Florida sheriff’s helicopter caught fire Monday before crashing into a Pompano Beach apartment building, killing two people and injuring four. Jackson (Broward Sheriff’s Office) The Associated Press,...
Citizens Suspends Binding, Could Be Most Affected as Hurricane Aims for Big Bend
Aug 29 2023 // Florida property insurers were keeping their fingers crossed Tuesday as the latest projections indicated that the worst of Hurricane Idalia may miss some of the most heavily populated parts of the state’s west...
2023 to Test Recent Growth in Private Flood Insurance Market
Aug 29 2023 // The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California as well as future storms that may come during the remainder of the Atlantic hurricane...
NCCI Calls for Average 15% Decrease in Florida Workers’ Compensation Rates
Aug 29 2023 // The National Council on Compensation Insurance has proposed an average 15.1% decrease in rates for Florida, starting Jan. 1, the latest and one of the largest reduction recommendations in more than a decade of rate...
Farmers Insurance Laying Off 11% of Workforce, Citing Industry Challenges
Aug 28 2023 // Farmers Insurance announced it will part ways with approximately 2,400 employees – 11% of its workforce across all lines of business. “Decisions like these are never easy, and we are committed to doing our best to...
Man Kills Three in Racially Motivated Shooting at Jacksonville Store
Aug 28 2023 // A masked white man carrying at least one weapon bearing a swastika fatally shot three Black people inside a Florida store Saturday in an attack with a clear motive of racial hatred, officials said. The shooting in a Dollar...
Florida Braces for Another One as Idalia Strengthens in Gulf
Aug 28 2023 // Insureds and insurers across much of Florida began bracing for the impact of another major hurricane as Tropical Storm Idalia was expected to strengthen and make landfall by Wednesday afternoon. Florida Gov. Ron DeSantis...
3M Agrees to Pay More Than $5.5 Billion Over Military Earplugs
Aug 28 2023 // 3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said. The settlement would avert a...
Home Insurance as a Work Benefit? Recoop Says It’s Bringing it to Florida and All States
Aug 28 2023 // Health insurance. Dental insurance. Accidental death and dismemberment. Why not homeowners insurance as an employee benefit? That’s exactly what Darren Wood is thinking. Wood is the founder and chief product officer...
How Aerial Imagery and AI are Helping Florida’s Insurers with Climate Change and Fraud
Aug 25 2023 // Residents of Southeastern states like Florida will be looking ahead to the heart of hurricane season with trepidation. With climate change bringing storms that are wetter, slower and more prone to intensifying rapidly,...
