As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida’s insurer of last resort will increase its property inspections by almost 70-fold over the next four years — with plans to spend …
Florida insurance companies and their lawyers must disclose their financial arrangements with expert witnesses when asked to do so in litigation, the state Supreme Court has decided. In two decisions last week, the high court appeared to underscore previous court …
Once again, the Frank H. Furman insurance agency in Pompano Beach, Florida, has been ranked by its employees as one of the best places to work in the Southeast. “It’s a family-like organization, but more than anything, I think it’s …
The Florida property insurance community is still talking after a closely watched complaint about some public adjusters’ apparent conflicts of interest was withdrawn. The head of investigations for Universal Property & Casualty Insurance, one of the largest homeowners’ carriers in …
Florida officials are applauding a federal court’s decision to dismiss an air ambulance company’s challenge to a 2020 law that limits insurance reimbursements for pricey helicopter and fixed-wing medical transports. “The successful dismissal of this lawsuit will ensure consumers are …
Four months after the collapse of a 12-story South Florida condominium building left 98 people dead, a Florida Bar task force has recommended major changes in how condo associations operate, including a requirement to maintain larger cash reserves for repairs …
Three more appeals in assignment-of-benefits cases have gone in favor of Florida property insurers. Florida’s 3rd and 4th District Courts of Appeal handed down opinions Wednesday that upheld lower courts and found that three carriers do not owe payment to …
Just as new research shows that a fourth of the critical infrastructure in the U.S. – along with an increasing number of homes and businesses – are at risk of flooding in the next 30 years, FEMA is seeking public …
A federal judge on Tuesday sentenced former Georgia Insurance Commissioner Jim Beck to seven years in prison and ordered him to pay $2.6 million in restitution for diverting funds from a homeowners’ insurer of last resort. The 87 months behind …
Former Georgia Insurance Commissioner Jim Beck will have to wait a little longer to learn his fate, after his sentencing date was postponed until Tuesday. Federal prosecutors are now asking that he serve 10 years in prison and pay fines …
