Southeast News

What is ‘Incurred Cost’ in Insurance Policy? Florida Appeals Court Weighs in

Property insurance contracts often contain provisions requiring insureds to “incur” costs before insurance companies issue payments. For example, “ordinance or law” provisions provide “you may use up to 25% of the limit of liability that applies . . . for …

Novo Nordisk Sues Florida Pharmacies After Finding Impurity in Compounded Wegovy

(Reuters) – Novo Nordisk has sued one compounding pharmacy and refiled a lawsuit against another after finding their products claiming to contain the active ingredient for its in-demand weight-loss drug Wegovy were impure, some by as much as 33%. The …

Audit Finds Tennessee Prisons Severely Understaffed and Officers Worried for Safety

NASHVILLE, Tenn. (AP) –Tennessee prisons are severely understaffed, with a vacancy rate at one prison of 61%, leading to unsafe conditions for both inmates and guards, a state audit of the prison system found. The audit by the state comptroller`s …

Parametric Re/Insurer NormanMax Gets ‘in Principle’ Nod to Launch Lloyd’s Syndicate

NormanMax Insurance Holdings, the Miami, Florida-based parametric re/insurance group, has received “in principle” approval from Lloyd’s to launch a syndicate, which will be managed by Apollo Syndicate Management Ltd. NormanMax Syndicate 3939 aims to commence underwriting in April 2024, focusing …

30 Florida Counties Join Suit Against Tax-Bill-Based Home Hardening Program

Tax collectors in more than 30 Florida counties have joined a lawsuit against a home-hardening and energy efficiency program, arguing that it misleads homeowners and saddles them with huge property tax bills. The Florida PACE Funding Agency has pushed back, …

Latin American Wealth Flocking to Miami, Boosting Real Estate Investments

Latin America’s wealthiest investors are taking their fortunes to Miami at one of the fastest clips in history, with some fleeing regional turmoil and others lured by yields higher than they can find at home. For JPMorgan Chase & Co. …

Gas Eyed as Source of South Florida House Explosion That Injured 4

WEST PARK, Fla. (AP) — Four people were injured in an explosion early Tuesday that severely damaged a Florida house, authorities said. Investigators were focused on gas as the possible cause. The Broward Sheriff`s Office said in an email the …

Bird Global, Which Started the Scooter Craze, Files for Bankruptcy in Florida

(Bloomberg) — Bird Global Inc., the company that put electric scooters onto the sidewalks of major cities, filed for bankruptcy with a plan to sell itself two years after raising $414 million from shareholders. The Miami-based company listed assets and …

Parkland Deputy’s Legal Team Says He had No Duty to Confront Gunman

FORT LAUDERDALE, Fla. (AP) — A former Florida sheriff`s deputy is claiming he had no legal duty to confront the gunman who murdered 17 people and wounded 17 others at Parkland`s Marjory Stoneman Douglas High School nearly six years ago, …

Southerners Rekindling ‘Fire Culture’ to Boost Longleaf Pine Range

WEST END, N.C. (AP) — Jesse Wimberley burns the woods with neighbors. Using new tools to revive an old communal tradition, they set fire to wiregrasses and forest debris with a drip torch, corralling embers with leaf blowers. Wimberley, 65, …

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