It is fair to say 2016 was the year of the catastrophe in the Southeast. Tornadoes, drought, floods, hurricanes, and wildfires impacted virtually every state in the region. For the insurance industry, these events made for a very busy year …
Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process. The First District Court of Appeals granted an extension to the stay issued …
North Carolina ranks the worst of all 50 states when it comes to insurance regulation, according to a 2016 insurance regulation report card by an insurance industry think tank. The R Street Institute’s 2016 Insurance Regulation Report Card scores state …
The Alabama Department of Insurance (ALDOI) has established new wind mitigation discounts for property insurance for Insurance Institute for Business & Home Safety (IBHS) Fortified residential and commercial structures in Alabama. Under Bulletin 2016-07, discounts range from 35 percent to …
North Carolina ranks the worst of all 50 states when it comes to insurance regulation, according to a 2016 insurance regulation report card by an insurance industry think tank. The R Street Institute’s 2016 Insurance Regulation Report Card scores state …
Florida’s workers’ compensation rate increase of 14.5 percent will remain in effect while a Florida appeals court reviews a legal challenge to the state’s recent ratemaking process. The First District Court of Appeals granted an extension to the stay issued …
The Florida Supreme Court has ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but at least one of the losses is covered under their policy. Though the decision can have …
Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood insurance rates Floridians pay are the highest in …
Kevin McCarty’s decision to resign as Florida’s insurance commissioner at the beginning of the year after 13 years in the position rocked the state’s insurance world. It also set the stage for a political battle between Florida Gov. Rick Scott …
In September, Hurricane Hermine broke Florida’s hurricane drought that had lasted since 2005. The category 1 storm hit the Florida Panhandle, bringing significant storm surge to the Tampa Bay area before slowly traveling up the Eastern Seaboard. The storm weakened …
