One of the last property insurance-related bills to come out of the 2023 regular session of the Florida Legislature was signed into law this week, potentially saving insurers some cash, giving them some flexibility on rate requests, and raising hurricane …
A December fire at a fireworks company warehouse, which killed four workers and gravely injured a fifth, was preventable, but the company will face just $109,375 in fines, the U.S. Occupational Safety and Health Administration announced. Magic in the Sky, …
The owner of several Key West staffing companies is on his way to prison after a federal judge sentenced him to more than two years for hiring unauthorized alien workers and failing to pay taxes on their wages. Batyr Myatiev, …
The Florida Office of Insurance Regulation will hold a rate hearing Thursday, June 8, on Citizens Property Insurance Corporation’s proposed 12.5% average increase for homeowners and larger increases for other types of policies. The state-created insurance company, established more than …
A Kentucky farmer and his sister-in-law have pleaded guilty to a multi-year scheme to defraud the Federal Crop Insurance Corp. and companies the FCIC reinsures. ARMTech Insurance Services, now part of AgriSompo North America, paid out on some of the …
The head of a trade group for the exterior insulated panel industry has taken issue with a recent hurricane report by Karen Clark & Co., arguing that the report failed to point out that some of the products meet the …
Two new hurricane forecast models promise to help property owners and insurers better predict the losses from storms that may be increasing in intensity as ocean waters continue to warm. The National Hurricane Center announced just ahead of the 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 7052 was passed this spring after the Florida Legislature approved controversial …
A collections law firm for State Farm Insurance cannot be held liable for a poorly handled subrogation claim against a Mississippi driver, but the insurance company must still face trial in the matter, the Mississippi Supreme Court has decided. The …
Two Florida-focused property insurers have announced they have completed their reinsurance programs, just days ahead of what some had warned would be a painful June 1 renewal deadline. Kin Insurance Inc., a tech and data-heavy, direct-to-consumer insurer with offices in …
