Florida - Latest Insurance News

Transporting Florida Migrants a New Venture for Investor in Troubled Law Firm

Jun 2 2023 // The owners of a business that loaned McClenny Moseley & Associates $3 million to find clients with hurricane-damaged homes and earn fees by submitting damage estimates to insurers has embarked on a new venture:...

Florida Governor Signs Insurer Accountability, Wind-Mit Discount Bills Into Law

Jun 1 2023 // Florida’s governor this week signed the Insurer Accountability Act and two other bills that put new restrictions on insurers and require premium discounts for homeowners’ wind-mitigation efforts. Senate Bill...

Eight Months After Ian, Struggles Continue for Swamped Florida Residents

May 31 2023 // Eight months ago, chef Michael Cellura had a restaurant job and had just moved into a fancy new camper home on Fort Myers Beach. Now, after Hurricane Ian swept all that away, he lives in his older Infiniti sedan with a...

Florida Judge Slams SFR Contractor for Misrepresentation, Fraud in Tower Hill Case

May 31 2023 // SFR Services, a Florida restoration firm made famous by its volume of claims litigation and its charges that United Property & Casualty Insurance Co. had instructed desk adjusters to alter their estimates, now finds...

Two Killed in Small Plane Crash at South Florida Airport, the Second This Year

May 30 2023 // A flight instructor and a student pilot died Friday when a small plane crashed at a south Florida airport, Palm Beach County authorities said. The crash at the Palm Beach County Park Airport in Lantana happened shortly...

Florida DFS Charges Claims Adjuster with Submitting $24,000 in Fraudulent Auto Claims

May 26 2023 // Florida investigators have charged a former Progressive Insurance claims adjuster with fraud, alleging that she used claimants’ identities to submit fraudulent auto claims, then pocketed almost $24,000 in...

Viewpoint: Actual Cash Value on Roof Claims a Fairer, Simpler Way to Pay

May 25 2023 // In the May 15, 2023 Insurance Journal, independent adjuster Ben Mandell shared an opinion that Florida insurance policies have “one glaring endorsement that is missing” – roof endorsements that could have...

Arthur J. Gallagher Acquires Florida’s Ken Brown Brokerage

May 24 2023 // Arthur J. Gallagher & Co., the global insurance brokerage and consulting firm, said it has acquired Florida-based Insurance by Ken Brown Inc., a retail broker specializing in coverage for construction and swimming pool...

Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say

May 24 2023 // With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top official with one of the...

Karen Clark Report Shows Just What Failed in Ian, Making it Florida’s Costliest Storm

May 23 2023 // A granular look at the most expensive hurricane in Florida’s history, written by respected catastrophe-modeling firm Karen Clark & Co., highlights building practices that had a major impact on the scale of...

Disney Cancels 2,000-job Expansion as Feud with Florida Governor Heats Up

May 22 2023 // The Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product...

As Lawyers Warned, Florida Courts Flooded with Suits Before Tort-Reform Bill Signed

May 22 2023 // Just as the plaintiffs’ law firm of Morgan & Morgan warned, the number of Florida lawsuits filed across the state has shattered previous records, topping 280,122 in April, the Florida Bar reported. That’s...

FEMA Releases New Flood Insurance Rates by ZIP Code. Brace for Impact.

May 22 2023 // When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it would mean higher premiums for thousands of property...

Business Moves

May 22 2023 // National American Financial Group, Crop Risk Services American Financial Group Inc. and American International Group entered into a definitive agreement whereby AFG will purchase Crop Risk Services (CRS) from AIG. Under...

TypTap Insurance President Talks About Insurtech’s First Profit, Future

May 19 2023 // When HCI Group’s TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to the company’s plan to rely heavily on mapping technology and property data. This month,...

Insurance Journal, Carrier Management & Claims Journal Staffs Win Awards of Excellence

May 17 2023 // Wells Media Group publications, online, research and podcasts have won a total of nine 2023 Azbee Awards of Excellence from the American Society of Business Publication Editors (ASBPE). “Being recognized by our...

Fla. Appeals Court Upholds Lawyer’s $104,000 Fine for Sabotaging Med Mal Trial

May 17 2023 // An attorney with one of Florida’s largest insurance defense firms must pay more than $100,000 in sanctions after deliberately trying to sabotage a medical malpractice suit in order to win a mistrial, a Florida...

Florida Insurance Agent Convicted in $6M Ponzi Scheme That Defrauded Investors

May 16 2023 // A federal jury has found a Sarasota insurance agent and financial consultant guilty of defrauding elderly Floridians out of $6 million, money that the victims believed was going to fund a life insurance startup known as...

More States Adopting Professional Standards for Public Adjusters

May 16 2023 // A movement to establish professional standards for public adjusters gained ground this year, with lawmakers in five states passing bills that impose new controls over a trade that already requires a license in 46...

More States Adopted Professional Standards for Public Adjusters This Year