A workers’ compensation insurance company’s hefty penalty against its non-compliant insured will likely stand, after a federal appeals court found that the matter was governed by state insurance regulators, not by the courts. In Granite State Insurance Co. vs. Star …
The recent arrest of two men associated with a large Florida roofing company, on charges of offering “free roofs” and rebates to cover homeowners’ insurance deductibles, has met with strong reactions around the state. The insurance industry has complained loudly …
A payment of the policy limits is not always enough to settle a vehicle accident. The insurer must also agree to all other requirements in a settlement offer for an agreement to be enforceable, the Georgia Court of Appeals has …
In the not-too-distant future, researchers should be able to see exactly which materials and construction techniques hold up best against the worst that Mother Nature has to offer: 200-mph winds, storm surges and the pounding of waves – all at …
A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad news Thursday, giving further insight into a big part of Florida’s insurance market. The bad news first: The number of …
Florida’s Senate Bill 76, signed into law last June, was supposed to help reduce insurance claims litigation by making policyholders give 10-day notice before they file suit. The idea was to give insurers a little more time to settle, re-inspect …
The news that a startup Florida insurance company will assume $400 million in policies from the now-insolvent St. Johns Insurance Co. – without input from other carriers – has set tongues wagging and emails flying among Florida insurance executives. In …
After several months of investigation, Florida regulators have filed an official action against a public adjuster that insurance companies had complained about, a move that could soon lead to the suspension of his license and fines of several thousand dollars. …
St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated. The Florida Department of Financial Services posted a notice Friday that a judge in Leon County, Florida, had appointed …
The Florida House of Representatives’ Commerce Committee passed no fewer than five bills Wednesday that could affect property and casualty insurance, from allowing surplus lines carriers to be based in Florida, to encouraging more take-outs of Citizens Property Insurance policies. …
