A federal court in Florida has ordered the former CEO of an insurance industry finance company to pay almost $9 million, plus interest and attorney fees, to his former firm after he engaged in self-dealing and failed to disclose his …
Like a sports league deciding to make greater use of in-game instant replay on crucial calls, the Florida Supreme Court has made it a little easier for hospitals and other medical malpractice defendants to challenge expert witnesses’ qualifications. “This is …
A federal appeals court has affirmed a lower court ruling that a Scottsdale Insurance commercial policy for a community center excludes almost all non-weather water damage. It’s the type of “infuriating” exclusion that plaintiffs’ attorneys and some brokers have said …
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the hurricane-prone state. The Florida Office of Insurance Regulation said Tuesday that …
Florida’s beleaguered insurance industry may have turned a corner in 2023, with net income in the black for the first time since 2016 and much smaller underwriting losses than in recent years, according to state regulators’ latest market stability report. …
A Florida Supreme Court decision has put to rest some questions about whether a statute of limitations on lawsuits can be extended just because the insurance carrier is a party being sued. It cannot, the court held last week in …
Using the boss’ forklift to tow a personal vehicle to a welding shop at night is not work-related and is not covered by a Penn-Star Insurance commercial liability policy, the Mississippi Supreme Court has decided. “The trial court’s order denying …
It’s no secret that the U.S. property/casualty insurance industry does not always enjoy a sterling reputation among consumers. As one insurance professor recently put it, the industry’s rank in public opinion is somewhere between that of personal injury lawyers and …
Despite the Florida Legislature taking major steps to rein in the cost of roof claims and litigation, at least two insurers have come out with broad roof endorsements that seek to bar claims for wear and tear, poor workmanship and …
Insurance carriers do not have to pay for an engineering report if it’s not used in the repair of a property and is not covered by the policy, a Florida appeals court ruled Wednesday in a rebuke of one of …
