A Florida tort-reform bill that picks up where previous insurance-market rescue bills left off has passed its first milestone and now moves to the full House Judiciary Committee. But the speaker of the House said the measure is far from …
A law firm that has made a multibillion-dollar business out of suing auto and liability insurers for Medicare reimbursement payments may have met its match in Florida’s notice-of-intent-to-sue requirements. A panel of the U.S. 11th Circuit Court of Appeals this …
Two brothers, longtime insurance agents in Whiteville, North Carolina, are on their way to several years in prison after pleading guilty to running a Ponzi scheme that defrauded friends, family and other members of the community. “The level of greed …
Freddie Mac, one of two mortgage-buying companies that buttress the U.S. home-lending market, has agreed to accept the Kroll Bond Rating Agency as a rating firm for homeowners’ insurance companies. “We have expanded our list of eligible rating providers to …
The U.S. Food and Drug Administration is asking a federal court to bar a Florida drug company from making or shipping any more adulterated pharmaceutical ingredients and products that do not meet quality control standards. In a lawsuit filed in …
The board of directors for Tampa-based Heritage Insurance Holdings has authorized the repurchase of $10 million in shares from stockholders, marking the second buy-back plan in recent months. The super-regional company (HRTG on the New York Stock Exchange), made the …
A former Florida claims adjuster for State Farm Insurance and Berkshire Hathaway Group has pleaded guilty to participating in a brazen plan in which suspects posed as law officers and robbed alleged drug dealers in the Tampa area. From December …
A top executive for embattled North Carolina insurance executive Greg Lindberg is awaiting sentencing after pleading guilty to federal fraud charges in connection with an elaborate scheme to shunt millions of dollars from Lindberg’s insurance companies. Christopher Herwig, a chief …
One day after the Florida Senate approved a landmark revision to Florida’s property insurance rules, the House followed suit, perhaps bringing to a close an era of surging claims litigation, insurer insolvencies and escalating premiums. Florida’s second special legislative session …
After massive flooding inundated parts of eastern Kentucky in 2021 and again this year, state officials are looking for ways to mitigate the damage from future floods that are sure to come. Gov. Andy Beshear, a Democrat, and U.S. Rep. …
