Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher premiums for homeowners. “This is what …
A Florida injury attorney, now disbarred, has pleaded guilty to swindling litigation funders and former NFL football players who had sued the league over concussion injuries. Just before his trial was set to begin in federal court in Tallahassee next …
A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured thanks to an …
Six months after its namesake insurance carrier was deemed insolvent, United Insurance Holdings is rebranding itself in the name of its surviving insurer, as American Coastal Insurance Corp. The St. Petersburg, Florida-based holding company for now-defunct United Property & Casualty …
Florida insurance agents will soon be able to access a new online clearinghouse platform designed to make it easier to steer policyholders away from the still-growing, state-created Citizens Property Insurance Corp. The $35.7 million investment, approved by the Citizens Board …
Efforts by Universal Insurance Holdings, the publicly traded parent company of one of Florida’s largest property and casualty insurers, to shed policies, spread risk and raise rates appears to have paid off so far in 2023. And recent legislative changes …
Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent regulators’ reports about the reasons for insolvencies make little mention of the “L-word.” The omission has prompted some head scratching …
Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court in Miami, did not …
About the same time that it announced a major pull-back from the Florida and California markets, Farmers Insurance also sent thousands of nonrenewal notices to Georgia homeowners. In Georgia, though, the carrier appears to have misunderstood the state’s rather unique …
The Florida Legislature made national headlines late last year when it effectively curtailed one-way attorney fees and greatly limited plaintiffs’ fee multipliers in claims litigation. Property insurers celebrated the end to practices that they said had led to runaway legal …
