While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane winds and prevent devastating losses for insureds and insurers, a few panelists said at the Florida Chamber’s Insurance Summit last …
The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at the Florida …
One year ago, three independent claims adjusters stood before the Florida House Commerce Committee and charged that several insurance companies had frequently and misleadingly altered their damage estimates on wind claims. The chairman of that committee said the men’s allegations …
A former North Carolina insurance agent who pleaded guilty to defrauding trucking company clients and a premium finance company of hundreds of thousands of dollars cannot challenge her sentence and restitution order, a federal appeals court decided. Glenda Taylor-Sanders, of …
Florida’s insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate change, calling it “federal overreach,” burdensome and unauthorized by law. …
The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses from extreme weather events in coming years. The Budget Committee is …
In what could be seen as a rare win for the claimants’ bar in Tennessee, the state Supreme Court upheld a $50,500 award of attorney fees, an amount that is almost double the workers’ compensation benefits paid to the injured …
When Florida lawmakers approved Senate Bill 76 in 2021, requiring a 10-day notice before suits are filed against insurers, it was seen as a big step in stemming what had become a flood of claims litigation. Since then, questions have …
A former Allstate insurance agent in North Carolina has agreed to stop selling competing products to her former clients and to return confidential client information to Allstate. A federal judge finalized an agreement between longtime agent Janie Robbins, of Tarboro, …
Executives at Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap Insurance companies, are having a busy fourth quarter. Just a day after HCI announced that Homeowners Choice had successfully assumed more than 53,000 policies from the state-created …
