A Florida Senate Committee spent about two hours Monday reviewing a sweeping property insurance reform bill before approving it along party lines – with no changes. All nine Republicans on the Senate Banking and Insurance Committee voted in favor of …
After years of what some insurers have labeled half-measures, Florida lawmakers appear to be on the cusp of delivering “historic” and “transformational” reforms that would end one-way attorney fees, banish assignments of benefits and offer state-backed reinsurance at a discount. …
A year ago Saturday, one of the most powerful tornadoes to hit the United States ripped through western Kentucky with 190-mph winds, destroying multiple homes, businesses, a candle factory, churches, a county courthouse and a city hall — along with …
It took more than four months, but Fannie Mae and Freddie Mac have now agreed to accept an innovative but temporary solution to Florida’s property insurer rating predicament. The mortgage-buying giants on Wednesday sent letters to primary mortgage lenders, notifying …
If Florida lawmakers had any doubts about what reforms they need to consider at next week’s special legislative session, the Florida Chamber of Commerce’s Insurance Summit on Tuesday provided plenty of ideas. And most of the panel members expressed optimism …
Florida legislative leaders posted a proclamation Tuesday painting the broad outlines of the special session scheduled to begin Monday, Dec. 12. And it quickly had tongues wagging around the industry. As expected, the proclamation from Sen. President Kathleen Passidomo and …
If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country, especially in Florida, where more than 15 indoor clubs, replete with air conditioning, cafes, locker rooms, video training and other amenities are planned or …
A Mississippi-based consulting firm hired to figure out Florida’s insurance company financial rating conundrum has faced scrutiny in other states after audits found improper disbursement of funds, long delays in projects and other issues. Horne LLP, based in Ridgeland, Mississippi, …
Six of the top 10 most dangerous cities for pedestrians are in the Southeast and four of those are in Florida, according to a report from an advocacy group that works for better planning and safer transportation designs. And the …
The West Virginia Supreme Court has handed down four decisions that could affect insurers’ payouts in auto, homeowners and worker injury claims. Non-employee Covered In Ball vs. United Financial Casualty Co., the court found that the insurer must provide coverage …
