Florida property insurance News

Collab with Claims Handling is Key to Success for Insurance Defense Litigation

Navigating insurance defense litigation is a complex and often challenging process. Understanding the roadmap and important rules along the way ensures a smoother and more successful path. It is crucial for claims handlers and defense counsel to work together to …

More SE Houses Being Built to Withstand Hurricanes โ€“ and Cut Emissions

When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the windows of Bonny Paulson`s home in the tiny coastal community of Mexico Beach, Florida, even though the house rests on …

Florida Residents Worry About More Burglaries After Looters Post-Storm

HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other hurricane-ravaged homes since law enforcement is …

Data Call: Florida OIR Wants Idalia Claims Info Daily Through Sept. 6

The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday. The data should be submitted by noon Eastern time, every day, including Saturday and Sunday, through Sept. 6, the …

AAA Is Not Exiting Florida But Will Non-Renew ‘Small Percentage’ of Policies

The Auto Club Insurance Company (AAA) of Florida has announced that it will not renew a “very small percentage” of auto and home insurance package policies in Florida. But, the insurer stressed, it is not leaving the state โ€” it’s …

Florida Insureds Can’t Force Interest on Late Claims Payments, Courts Say

Two back-to-back federal court decisions may have dealt a lethal blow to recent proposed class actions that sought interest on property insurers’ late claims payments. But the rulings have left some insureds and their attorneys feeling that they’re seeing another …

Church Tried to Exclude Named Storms, But Appeals Court Says Coverage Due Anyway

In 2015, the Shilo Christian Center in Melbourne, Florida, cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms. Hurricane Matthew struck the next year, ripping the roof of the church and unleashing …

Citizens Faces Redo of Hole-in-Roof Claim Denial It Won on Hearsay

Citizens Property Insurance Corp. will face a new trial on a roof claim because its win in the first trial was compromised by reliance on hearsay evidence. A three-judge appeals panel has ordered a retrial because in the previous proceeding …

New Florida Law Makes Joint Settlement Offers ‘Legit’ But May Not Go Far Enough

In the celebration over the Florida Legislature’s sweeping insurance reforms approved last month, one statutory change has slipped under the radar a bit โ€“ one that insurance attorneys said will streamline the settlement process and could help reduce litigation. Among …

Florida Regulators Unveil Ratings Crisis Solution: Let Citizens Reinsure Carriers

Florida’s insurance commissioner announced today that his office has found an “unprecedented solution” to the looming property insurer rating crisis โ€“ let Citizens Property Insurance Corp. provide a level of reinsurance to companies in case they are downgraded, at least …