When a bill passed at a December special session of the Florida Legislature required all Citizens Property Insurance policyholders to buy flood insurance, many owners in high-rise condominiums were outraged. Already facing soaring premiums on HO-6 policies, now they were …
While the property/casualty insurance industry overall may have seen a slight loss in profitability in 2022, workers’ compensation continues to be the most profitable line, with a “very healthy” nationwide reserve redundancy level of $17 billion. “The system is healthy …
Most people will be familiar with the posters at workplaces noting the number of days since a lost-time work injury. Well, there’s a dirty little secret behind that, one that helps employers avoid higher experience modifications on their workers’ compensation …
Atlanta-based Oakbridge Insurance Agency, which has continued to expand through the partnership model with smaller agencies around the South, announced it has added new agencies and offices in Mississippi. The expansion into the state includes Swoope Insurance, in Columbus, along …
When the Federal Emergency Management Agency unveiled its new Risk Rating 2.0 methodology for calculating flood insurance, advocates and critics alike warned that it would mean higher premiums for thousands of property owners, especially in low-elevation coastal areas. Now, the …
Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appeal, …
Maury, Donnelly & Parr, a Maryland-based broker and risk consultant that’s almost 150 years old, has acquired CANUSA Insurance Services in Sarasota, Florida. The merger marks a continued expansion by MDP, which acquired Connecticut-based Northeastern Underwriters in 2021. CANUSA is …
Summit Consulting, a manager of five workers’ compensation insurance companies in the Southeast, has named Robert Darin Grimm senior vice president of claims. Grimm, who holds a doctorate from the University of South Florida’s college of business, joined Summit in …
The Tennessee General Assembly has approved a workers’ compensation presumption that post-traumatic stress disorder is work-related for firefighters, joining several other states that have adopted mental health presumptions in recent years. Senate Bill 856, sponsored by state Rep. Johnny Garrett, …
More rich and more poor residents will qualify for home-hardening grants under an expanded My Safe Florida Home measure approved by lawmakers. House Bill 881, if signed into law, will raise the wind-mitigation grant level for low-income Florida homeowners from …
