Former North Carolina insurance and business mogul Greg Lindberg has lost an appeal on whether one of his companies can delay the liquidation of two of his troubled life insurance carriers. North Carolina Insurance Mike Causey said the March 5 …
The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that bills that would limit some policy cancellations and nonrenewals after storm damage could do more harm than good. “It absolutely …
Florida’s Insurance Commissioner last week approved another round of takeouts from the state-created Citizens Property Insurance Corp., with an assumption dates in May. That brings the total takeouts with 2024 assumptions to more than 354,134, the Office of Insurance Regulation …
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 taken a new political twist in recent days. It also has …
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 Kevin Durant’s penthouse in …
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 policies. Then came reinsurance …
Alfa Insurance, one of the largest property/casualty insurers in Alabama, did not discriminate against an employee with multiple sclerosis and did not violate the Americans with Disabilities Act, a federal appeals court affirmed. The 11th U.S. Circuit Court of Appeals …
Businesses and homeowners will be familiar with insurers of last resort – the state-created, quasi-governmental organizations that provide property and liability coverage when the primary market won’t. These include windstorm underwriting associations or corporations in a number of states, a …
Multi-district litigation over the diabetes drug saxagliptin, a case that combined more than 80 suits from around the country, has failed because the plaintiffs’ sole expert witness was unreliable and did not show a causal link between the medication and …
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 owners. Castle Key Indemnity Co., one of Allstate …
