When the Florida Legislature approved Senate Bill 76 last year, with its restrictions on homeowner solicitation by roofing contractors, insurers saw it as a major blow against runaway fraudulent and exaggerated roof claims. Then a contractor, Gale Force Roofing and …
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting this week, Chief Operating Officer Kelly Booten said the state-run insurer of …
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black lung occupational disease claims have ballooned – to an estimated $9 billion and perhaps more than $14 …
A report from Florida’s auditor general appears to support what some officials said in 2020 – that the state’s COVID-19 data was inaccurate and incomplete during the first nine months of the pandemic, making it difficult for people to know …
Homeowners and public adjusters may now feel a little more emboldened to record an insurance adjuster’s inspection of a home, after a Florida appeals court ruled in favor of the practice last week – the third such ruling in as …
RoofClaim.com, a name that has caused heartburn in the Florida insurance industry in recent years, announced that it is now offering no-money-down roof financing in the wake of insurance rate hikes, insurer insolvencies and underwriting restrictions. One insurance executive said …
As many as five Florida property insurers are unlikely to be able to secure adequate reinsurance by today’s deadline, but the state’s largest carrier is not one of them. Universal Insurance Holdings announced Tuesday that its subsidiaries, Universal Property & …
A group of contractors wasted little time in challenging the constitutionality of a law approved at the Florida Legislature’s special session last week, one the restoration companies argue singles them out and deprives them of attorney fees in assignment-of-benefits claims. …
A Charlotte-based investor has agreed to put $15 million into Monarch National Insurance Co., a subsidiary of FedNat Holding Co., a Florida property insurer group now going through restructuring after heavy losses in the last 12 months. Hale Partnership Capital …
Two more property insurers, including two of Florida’s larger carriers, did not wait around to see what help the just-concluded special session of the Legislature may provide, and have stopped new business in the state. People’s Trust, once listed as …
