Hundreds of property/casualty insurance companies have not registered with Alabama regulators as required, prompting the state insurance department to issue a warning and extend the registration deadline to March 31. The department is warning property/casualty insurers that they must all …
Florida regulators have released a report into Citizens Property Insurance Corp., finding that the state-backed company failed to sufficiently negotiate outside vendor contracts and review travel and other expenses, while giving it high marks for responding to policyholders’ claims. Regulators …
With Florida lawmakers expected to consider formal changes to the state’s property insurance market next week, state Democrats are signaling that they will likely oppose any measure that results in higher rates. Senate Minority Leader Chris Smith (D-Oakland Park) said …
Florida lawmakers are planning next week to release a draft version of a property insurance reform bill. The Senate Banking and Insurance Committee has taken the lead on property insurance reform this year and so far has listened to more …
A public adjusting firm is threatening to sue a Florida blogger who claims the adjusting firm is using a name that makes it sound like it is a government agency in soliciting business from homeowners insured by the state’s property …
Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to take on more property risks. Insurance Commissioner …
A former executive director and past president of the Florida Surplus Lines Association (FSLA) has been indicted for allegedly embezzling an estimated $130,000 in association funds. Roger Gobler has been charged with 11 counts of mail fraud and five counts …
Florida’s state policyholder-backed property insurer says it welcomes a newly proposed legislative initiative that would create an independent inspector general to oversee the insurer’s handling of employee complaints and use of funds. Florida State Senator Joseph Abruzzo (D-Palm Beach) has …
Florida regulators are looking to return to residents some $25 million in unclaimed property that has been returned to the state as part of a settlement agreement with American International Group over life insurance benefits. In October, AIG agreed to …
Florida’s high court has ruled that drivers that cause an automobile accident by striking another car from behind can still sue the other driver for damages depending on the circumstances of the accident and the other driver’s actions. The Florida …
