Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
NFIP Pays $364M on Idalia Claims. Florida Bill Requires Flood Disclosure to Buyers
Mar 14 2024 // The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane...
Florida Jury Awards $32M Against Cleveland Clinic. Did ‘Changing Stories’ Play Role?
Mar 13 2024 // A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and who later died. The jury found the...
Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023
Mar 13 2024 // TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit...
Florida-Based HCI Group Reports Strong Gain in Q4 Earnings
Mar 12 2024 // TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Thursday reported fourth-quarter earnings of $38.1 million, a significant improvement over Q4 2022. The Tampa, Florida-based company said it had profit of $3.40 per share....
Mississippi Wind-Mit Bill Would Tax Insurers, Help Fund Retrofits, Tornado Rooms
Mar 11 2024 // Mississippi could soon join the growing list of states with grant-funded wind fortification programs for homeowners, thanks to a bill that’s moving through the state Legislature. The state House of Representatives...
Florida, Texas Grab Bigger Chunk of Paychecks as NY Fades
Mar 11 2024 // Southern US states have enjoyed some of the strongest job growth in the pandemic era, as well as some of the biggest wage increases — and they’re luring Americans from elsewhere in the country. Add those things...
Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits
Mar 11 2024 // A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to the Citizens Property Insurance Corp. coverage model to further limiting policy...
Florida Condo Mitigation Bill Passes but Other Insurance Bills Uncertain After Changes
Mar 7 2024 // A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills may have hit a snag after last-minute changes – with just two days left in the legislative...
Fed Court Wants Florida Supremes to Clarify Rule That Can Bar Subrogation Recovery
Mar 7 2024 // In the next year or so, the Florida Supreme Court will decide on the exact meaning of a legal doctrine that, under one interpretation, has blocked millions of dollars per year in subrogation recovery for liability...
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says
Mar 6 2024 // Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called...
People Moves: Lerant Joins South & Western; CompSource Mutual Insurance Company Names Ingram CEO; BenefitMall Appoints Long Retention Sales Manager for Georgia and Florida
Mar 6 2024 // Lerant Joins South & Western as Business Development Specialist Lou Lerant recently joined South & Western Insurance as a business development specialist. South & Western Insurance, based in Addison, Texas, is...
Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation
Mar 5 2024 // Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking...
NTSB: Engine Oil Warnings Sounded Just Before Jet Crashed on Florida Interstate
Mar 5 2024 // ST. PETERSBURG, Fla. (AP) — Moments before the deadly crash of a charter jet on a Florida highway, three warnings about oil pressure problems in its two engines sounded, the National Transportation Safety Board said in a...
Insurer CEO Warns Limits on Cancellations Will Deter Carriers From Florida Market
Mar 5 2024 // The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that bills that would limit some policy cancellations and nonrenewals after storm damage could do more harm...
Florida OIR Approves Another 54,000 Citizens Takeouts. More Coming if Bills Pass
Mar 4 2024 // Florida’s Insurance Commissioner last week approved another round of takeouts from the state-created Citizens Property Insurance Corp., with an assumption dates in May. That brings the total takeouts with 2024...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Mar 4 2024 // The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines offices released by the Wholesale & Specialty Insurance Association...
My New Markets
Mar 4 2024 // Long Haul Trucking Auto Liability Market Detail: Innovative Risk Insurance Services LLC has developed a mono-line commercial auto program for a broad range of customers who have both small and large transportation fleets....
Miami Beach Office Asking for Top Rent Signs First Tenant
Mar 1 2024 // New York-based hedge fund J. Goldman & Co. signed a lease at a new Miami Beach office building that’s seeking some of the highest rents ever seen in the market. J. Goldman agreed to take roughly 10,000 square...
Florida Bills Moving, But Agents Disagree on One That Bars Cancellations After Storms
Feb 29 2024 // Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents after storms, passed a major hurdle this week, moving it closer to...
Disney Faces Wrongful Death Claim Over Pub Food ‘Guaranteed’ as Allergen Free
Feb 29 2024 // The husband of a New York doctor who died shortly after dining at a Disney Springs restaurant last year accused Walt Disney Parks and Resorts of negligence in a 19-page lawsuit filed in Florida. Jeffrey Piccolo is seeking...
