A Liberty Mutual Insurance subsidiary is asking a federal court to absolve it of responsibility for part of a multi-million-dollar settlement against one of the country’s largest emergency medicine providers, arguing that fraud is not covered by the E&O policy …
Wondering if you need flood insurance? There are maps for that. But some say the federal flood maps are inadequate and misleading, causing thousands of homeowners to avoid purchasing needed flood insurance. And even Federal Emergency Management Agency officials have …
A Florida appeals court has upheld the dismissal of no fewer than 16 auto glass assignment-of-benefits lawsuits against Progressive Insurance companies, perhaps putting an exclamation point on the enforceability of appraisal clauses and policy language that bars claims litigation. The …
Two Kentucky farmers and a relative have been indicted for falsifying crop damage and exaggerating the size of their fields in order to reap crop insurance benefits. A federal grand jury last week charged Randall Taulbee and James McDonald, of …
The parent company of United Property & Casualty Co., already working to close up shop in Florida and other states after years of financial setbacks, reported a $173 million net loss for the third quarter of this year. The publicly …
One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that could add fuel to the fire for a reform package at the upcoming special session of the Florida Legislature. …
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages, according to CoreLogic, the …
This article was updated Nov. 6, 2022 to include more information from FEMA and Neptune Flood Insurance. Researchers at North Carolina State University have added their voices to the growing number of people who say that federal flood maps are …
The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost the fund about $10 billion, but it could mean the fund will have to borrow billions next year – at …
The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that, management of marijuana and hemp businesses is going through changes, with “weed cowboys” clashing with button-down capitalists – not to …
