Southeast News

WV High Court: Liability Coverage Due for Latent Disease, Even Years After Policy Dates

Liability insurers that write in West Virginia and beyond received some unsettling and expensive news from the state Supreme Court last week: Without iron-clad policy language barring coverage, long-tail illness claims must be covered and a carrier has a duty …

Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery analytics solution. The move is designed to help provide Citizens a more comprehensive view of …

Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs

Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a strong improvement over Q3 last year, when the group saw a $52 million net loss. …

Lawsuit on West Virginia Jail Conditions Has Been Settled

CHARLESTON, W.Va. (AP) — A lawsuit filed by inmates who described conditions at a southern West Virginia jail as inhumane has been settled, a federal judge said Tuesday, a week after a magistrate judge said some records in the suit …

Fed Judges Ask Florida Supreme Court to Decide if Insurers Can Sue Auto-Glass Shops

The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now, the Florida Supreme Court could soon decide another …

Higginbotham Expands Collegiate Athletics Investment With LEARFIELD, Adds 10 Southern Universities to Portfolio

Higginbotham announced the expansion of its multi-year investment in collegiate athletics to include ten universities in the southern region of the United States through its continued sponsorship agreement with LEARFIELD, a media and technology company that partners with college athletic …

‘Black Panther’ Stuntman Mourned After Georgia Crash that Killed Him and Children

A stuntman in “Black Panther” and “Avengers” movies was remembered by loved ones after he and three of his children were killed in a car crash last week in Georgia. Atlanta TV station WSB, the New York Times and others …

Local Governments in West Virginia Will Soon See Opioid Settlement Money

CHARLESTON, W.Va. (AP) — Local governments in West Virginia will start seeing opioid settlement money by the year`s end, the board in charge of distributing the lion’s share of around $1 billion in funds announced Monday. Around $73.5 million will …

Florida Lawmakers Fund Home Hardening Program, Idalia Recovery in Special Session

The Florida House of Representatives and Senate moved quickly this week to approve more funding for the state’s popular home-hardening program, along with grants, loans and tax breaks for areas hit by Hurricane Idalia in August. But a last-ditch effort …

Life After Runoff? Anchor Insurance Exploring ‘Possibilities’ in Warming Florida Market

It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never happened in Florida, industry experts say. But that may be what is about to …

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