UPC Reports $173M Loss for Q3, Begins Personal Lines Non-Renewals Jan. 1 November 14, 2022 By William Rabb The parent company of United Property & Casualty Co., already working to close up shop in Florida and other states...
With Another Fla. Hurricane Coming, Signs Pointing to Bigger Spike in Reinsurance Rates November 8, 2022 By William Rabb One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move...
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address a Boatload of Problems November 7, 2022 By William Rabb Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected...
Update: FEMA Flood Maps are Misleading, Blocking Insurance Uptake, Report Shows November 3, 2022 By William Rabb This article was updated Nov. 6, 2022 to include more information from FEMA and Neptune Flood Insurance. Researchers at North...
Florida Cat Fund May Borrow Billions Next Year, Even Without Another Storm October 28, 2022 By William Rabb The Florida Hurricane Catastrophe Fund is well equipped to handle losses from Hurricane Ian, which are now estimated to cost...
New Weed Products and Firms Mean Concerns, Opportunities for Underwriters October 27, 2022 By William Rabb The legalized cannabis industry is rapidly evolving, with new, chemically concocted variants popping up almost monthly. On top of that,...
Sentence Upheld for Tenn. Trial Lawyer Who Said Football Brain Injuries Led to Misdeeds October 25, 2022 By William Rabb A Memphis plaintiffs’ attorney who made his living suing auto insurance carriers must spend two-and-a-half years behind bars for forging...
Few Insurers Offer Input on Future of the Federal Home Loan Bank System October 24, 2022 By William Rabb Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan...
Crist’s Claim of Cutting Insurance Rates ‘Mostly True,’ Politifact Says October 21, 2022 By William Rabb A fact-checking publication known for its thorough examination of claims made by politicians has deemed Charlie Crist’s statement that he...
Florida CFO Calls for Ban on Assignments of Benefits, Limits on Public Adjusters October 20, 2022 By William Rabb In the wake of Hurricane Ian, Florida’s chief financial officer has taken a hard line on insurance claims litigation, calling...