Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Citizens Posts Info on New Flood Insurance Requirements
Aug 24 2023 // Citizens Property Insurance Corp., Florida’s residual but still-largest property insurer, has posted new information about when and where flood insurance is required for policyholders. The Florida Legislature last...
South Florida Contractor Charged with Underreporting Payroll by $5.9 Million
Aug 24 2023 // Florida authorities this week charged a south Florida contractor with underreporting his payroll by almost $6 million, cheating his workers’ compensation insurer out of more than $350,000 in premiums. Miguel Porras,...
Orion180, Headquartered in Florida, Now Approved to Do Business in the State
Aug 23 2023 // Another insurance firm is expanding into Florida, the state in which it has had its headquarters for several years. Orion180, founded in 2016, with corporate offices in Melbourne, Florida, has been approved by state...
Florida OIR Tells Citizens to Rethink Maximum Rate Increase on HO Policies
Aug 22 2023 // When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back...
Insureds Hot About Flood Insurance Costs? Some Areas Are Seeing 35% Discounts
Aug 22 2023 // Florida property owners stuck with higher premiums and new flood insurance mandates may want to nudge their local governments to take a look at the town of Cutler Bay and the counties of Monroe, Pinellas and Ocala. Those...
Family of NFL QB Haskins Reaches Settlement After Death on Florida Interstate
Aug 21 2023 // FORT LAUDERDALE, Fla. (AP) — The estate of late NFL quarterback Dwayne Haskins has reached a “partial settlement” in its lawsuit against the driver, the owner and the broker of the dump truck that struck...
A Year After Uproar over Demotech Ratings, Little Has Changed, But Questions Remain
Aug 21 2023 // A little more than a year ago, the Demotech financial rating firm ignited a storm of controversy in Florida when it sent letters to a reported 16 insurance carriers, warning that the companies were about to have their...
Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Insurance Fees
Aug 21 2023 // Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an association meeting called to discuss higher fees due to spiking insurance...
Business Moves
Aug 21 2023 // National Marsh McLennan Agency, Graham Co. Marsh McLennan Agency, a subsidiary of Marsh, acquired Graham Company, a risk management consultancy and independent insurance and employee benefits broker. Founded in 1960,...
People & Places
Aug 21 2023 // National Miller, an independent specialist re/insurance broker, expanded its U.S. Casualty team, appointing Galen Brislane and Danielle Thorsteinson as account executives. Brislane is based in Bermuda and Thorsteinson is...
Facts Are Friends
Aug 21 2023 // Recently, a carrier’s representatives walked into one of my client’s offices. This carrier announced they needed a 25% rate increase because of the carriers’ poor loss ratios. My top clients are well...
Judge Won’t Block Florida Law Banning Chinese Ownership of Property
Aug 18 2023 // (Reuters) – A U.S. judge in Florida on Thursday declined to block the state’s law barring citizens of China and other “countries of concern” from owning homes or land in the state. U.S. District...
Florida Art Museum Sues Former Director Over Forged Basquiat Paintings Scheme
Aug 18 2023 // ORLANDO, Fla. (AP) — A central Florida art museum which was raided last year by the FBI over an exhibit of what turned out to be forged Jean-Michel Basquiat paintings has sued its former executive director and...
Some Workplace Shootings May Not be Compensable, Florida Appeals Court Says
Aug 17 2023 // Workplace shootings, more common than ever now, may happen in the course and scope of employment. But do they have to be work-related to make the victims eligible for workers’ compensation benefits? That’s the...
Florida DFS Provides Grants for Firefighters’ Cancer Decontamination Equipment
Aug 16 2023 // Florida firefighters are covered by a limited presumption if they are diagnosed with cancer, but some fire departments still need special cleaning systems to remove carcinogens from gear. To help with that, Florida’s...
More Signs of Life in Florida: New Insurers in Market, More Citizens Takeouts
Aug 15 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. Tampa-based HCI...
Florida Man Posed as Veterinarian, Did Surgery on Dog Who Died, Sheriff Says
Aug 14 2023 // A southwest Florida man was arrested Friday for claiming to be a veterinarian and performing surgery on a pregnant dog who died of complications from the procedure, authorities said. The man was a licensed pet groomer but...
Embattled Louisiana Law Firm Raised $40M from Florida Hedge Fund, Partner Says
Aug 11 2023 // McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a...
Heritage Insurance Reports Third Straight Quarter of Profit After Shedding Policies
Aug 11 2023 // Tampa-based Heritage Insurance Holdings reported a $7.8 million profit for the second quarter of this year, along with an improved combined ratio, thanks in part to higher premiums and reduced exposure in Florida. The...
Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
Aug 10 2023 // Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall...
