Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Insurers Show a Little Profit in 2023 But Two Join the Watch List
Jul 11 2023 // Florida’s beleaguered insurance industry may have turned a corner in 2023, with net income in the black for the first time since 2016 and much smaller underwriting losses than in recent years, according to state...
Appeals Panel Says CCC Software Does Not Violate Florida Law in Auto Claims
Jul 7 2023 // An insurer that used CCC Intelligent Solutions software to determine the payout for a claimant’s vehicle did not violate a Florida law that sets forth only three methods that auto insurers may use to determine actual...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals
Jul 6 2023 // Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while...
Analytics Company Says Law Firms Using Google Searches to Drive Litigation
Jul 6 2023 // National law firms are investing $10 million to $12 million annually each to direct Google searches to websites that they control in an effort to find new clients to file lawsuits against insurance companies, according to...
Fla. High Court: 2-Year Statute of Repose Applies, Even in Liability Insurance Suits
Jul 5 2023 // A Florida Supreme Court decision has put to rest some questions about whether a statute of limitations on lawsuits can be extended just because the insurance carrier is a party being sued. It cannot, the court held last...
Florida Injury Attorney Arrested in Homicide of his Father in Boca Raton
Jul 3 2023 // A south Florida injury attorney, suspended from practice this year over alleged financial irregularities, has been charged with murdering his father, Boca Raton lawyer Paul Labiner. News outlets and the Palm Beach County...
Parkland Deputy’s Acquittal Shows Florida Has No ‘Cowardice Under Fire’ Law
Jul 3 2023 // When Florida prosecutors charged former Deputy Scot Peterson for his alleged inaction during the 2018 Parkland school massacre, they faced a major hurdle: no law precisely fit. So it was not a surprise to legal observers...
People & Places
Jul 3 2023 // National Linda Johnson Global reinsurance broker Gallagher Re appointed Linda Johnson vice chairperson for its North American team. Johnson will be responsible for producing new business for large casualty and structured...
Florida Regulators Approve Roof Endorsements That Bar Non-Storm Claims
Jul 3 2023 // Despite the Florida Legislature taking major steps to rein in the cost of roof claims and litigation, at least two insurers have come out with broad roof endorsements that seek to bar claims for wear and tear, poor...
Florida Agents Optimistic About the Market – and They Don’t Fear the A.I. Reaper
Jul 3 2023 // Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a corner. “Things...
Bad Press, Claims Issues, Soaring Premiums Giving Industry Another Black Eye?
Jul 3 2023 // It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion...
Three Florida Men Charged with Insider Trading on Trump Media IPO
Jun 30 2023 // Three Florida men were arrested Thursday and charged with illegally making more than $22 million by insider trading ahead of the public announcement that an acquisition firm was going to take a media company owned by...
Frustration After Former NFL QB, Nine Others Drown at Florida, Alabama Beaches
Jun 30 2023 // A firefighter from Georgia and two fathers who drowned while trying to save their children are among at least 10 recent victims of dangerous rip currents along Gulf of Mexico beaches stretching across Florida’s...
Starting July 1, Florida Insurers Face New Guardrails on Force-Placed Insurance
Jun 30 2023 // Starting Saturday, insurers and mortgage lenders for Florida homeowners will face some new restrictions on lender-placed insurance policies, thanks to a bill approved by state lawmakers this year. House Bill 793 takes...
Part of Florida Quarantined Due to Stucco-Eating Giant African Land Snail
Jun 29 2023 // If it’s not malaria-carrying mosquitoes, it’s stucco-eating giant snails. Neighborhoods in Broward County are still under quarantine in an effort to limit the spread of the giant African land snails, which were...
Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024
Jun 29 2023 // Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said. Kevin O’Donnell, president and...
Five Teens Killed in Car That Sank in Florida Pond
Jun 29 2023 // Five teenagers were killed when their car ran off a curving street and landed in a southwest Florida retention pond where it went underwater, authorities said. It happened either late Sunday or early Monday, killing...
Engineering Report Not Covered in Kidwell AOB Case, Florida Appeals Court Finds
Jun 29 2023 // Insurance carriers do not have to pay for an engineering report if it’s not used in the repair of a property and is not covered by the policy, a Florida appeals court ruled Wednesday in a rebuke of one of the...
Florida Police: Theft Ring Targeted Luxury Cars Using Fake VINs, Phony Insurance
Jun 29 2023 // Florida law enforcement pushed back this week against a nationwide surge in auto thefts, announcing that 23 people were arrested for their alleged participation in a crime ring that forged vehicle identification numbers...
Regulatory Weaknesses, Politics Driving Marketplace Exits, Industry CEOs Say
Jun 28 2023 // A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in a state like California at an industry conference last week, pointing to regulatory disconnects...
