Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida Condo Sales, Prices Have Fallen Thanks to Insurance, HOA Costs, Redfin Says
Feb 28 2024 // Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a...
Florida Senate Panel Advances Bill Making it a Felony to Expose Responders to Fentanyl
Feb 28 2024 // A Florida Senate committee on Tuesday approved an amended bill that could potentially reduce workers’ compensation costs for first responders in the state, people who are at increasing risk of exposure to accidental...
Nvidia’s $70M Florida Supercomputer Hobbled by DeSantis Law
Feb 27 2024 // (Bloomberg) — When Chris Malachowsky, a billionaire founder of chip giant Nvidia Corp., bankrolled one of the world’s biggest supercomputers at the University of Florida, Ron DeSantis predicted the machine...
Company Linked to MMA Law Firm Still Paid by Florida; Case Highlights Issue with AOBs
Feb 27 2024 // The continuing saga of the Houston-based plaintiffs’ law firm of McClenny Moseley & Associates, suspended and sanctioned for flooding courts with erroneous lawsuits against property insurers in Louisiana, has...
Subterranean Termites Creating a ‘New Norm’ in Florida, Damaging Homes and Trees
Feb 26 2024 // Some of the most insidious and damaging species of termites are spreading across Florida, causing damage to homes as swarming season approaches in March, experts say. The South Florida Sun Sentinel reported that...
People Moves: Florida Peninsula Hires Compliance Officer from Citizens
Feb 26 2024 // Florida Peninsula Insurance Co., one of Florida’s larger residential insurers, has named attorney Nancy Staff to be director of corporate compliance. The position is a new one for Florida Peninsula, where Staff will...
Sand Hole Collapse at Florida Beach Kills Child, Can Happen Around US
Feb 23 2024 // FORT LAUDERDALE, Fla. (AP) — The collapse of a sand hole that killed a 7-year-old Indiana girl who was digging with her brother on a Florida beach is an underrecognized danger that kills and injures several children a...
Florida Litigation Funding Bill Founders; Plan to Bar Policy Cancellations Gets Changes
Feb 23 2024 // Florida bills that target litigation financing, which seemed to be on their way to quick approval a week ago, have all but foundered in the state Capitol. House Bill 1179, by Rep. Toby Overdorf, and its companion, Senate...
Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit
Feb 23 2024 // In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar...
Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth
Feb 22 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
King Insurance Acquires New Jersey’s Mehta Agency
Feb 21 2024 // Florida-based King Insurance Partners reports it has acquired Mehta Insurance Agency, located in Absecon, New Jersey. Mehta Insurance Agency’s offerings include business, flood and life insurance. Sunil Mehta said...
‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive
Feb 20 2024 // A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But other...
Empowering the Future: Investing in Risk Management Education
Feb 16 2024 // Tallahassee, FL, February 16, 2023 — Florida is witnessing a surge in educational initiatives supporting the growth of the risk management and insurance (RMI) profession. The surplus lines market has more than...
Under New Owners, Florida’s TRUE Gets Slight Downgrade, Withdraws From AM Best
Feb 16 2024 // Six weeks after Trusted Resource Underwriters Exchange, a Florida-based reciprocal property insurer, announced it had received a $1.25 billion capital investment and new majority ownership, the AM Best rating firm has...
Disneyland’s Mickey Mouse And Cinderella Performers May Unionize
Feb 15 2024 // Workers who help bring Disneyland’s beloved characters to life — including Mickey Mouse, Donald Duck and Cinderella — are looking to unionize. Labor organizers announced the campaign, saying performers want...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Feb 14 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 office release by the Wholesale & Specialty Insurance Association...
In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers
Feb 14 2024 // (Bloomberg) — Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger as a home-insurance crisis and other soaring costs make homes...
What’s to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation
Feb 13 2024 // No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal magazine asked industry thought leaders their...
Castle Key’s 54% Condo Rate Hike Gets Hearing, Showing New Pressures in Florida
Feb 13 2024 // The Florida Office of Insurance Regulation next week will hold hearings on two property insurers’ requests for 54% average rate increases, one of which has already affected more than 105,000 condominium unit...
Two Dead After Plane Crash on Florida Interstate
Feb 12 2024 // NAPLES, Fla. (AP) — A pilot and co-pilot were identified as the two killed in a fiery plane crash on a Florida highway, law enforcement officials said. The Collier County Sheriff’s Office identified Edward Daniel...
