Capitol Preferred Insurance Co., one of the top writers of homeowners insurance in Florida, has received approval from the state’s insurance regulator to shed 23,800 policies just weeks before the start of hurricane season. In a March 12 consent order, …
A Florida-based managing general agency has filed a $30 million poaching lawsuit against three former executives and the agency they jumped to while it was in the process of being acquired. Centauri Specialty Insurance Holdings (CSIH) and Centauri Specialty Managers …
Customer service representatives holding a particular Florida insurance license will be able to continue conducting business remotely until at least July 7. A directive issued by Florida CFO Jimmy Patronis that allows remote work by Florida agency customer service representatives …
The long-awaited Demotech rating decisions for Florida domestic carriers are in, with many carriers having satisfied necessary steps to avoid ratings downgrades by the financial analysis firm. After affirming a slew of companies in mid-March, Demotech announced April 2 that …
Texas-based private passenger auto insurer Windhaven National Insurance Co. (WNIC), a subsidiary of Windhaven Insurance, has been ordered into liquidation at the request of the Texas Department of Insurance, which was appointed as liquidator. The order for liquidation was granted …
It was a relatively quiet year for the Southeast in terms of major catastrophes compared with 2018 when Hurricane’s Michael and Florence caused major damage in the region. This year, Hurricane Dorian sideswiped the Southeast coast and made landfall on …
Fueled by efficiencies introduced by insurtechs and underwriters’ interest in niche classes, the insurance program business has experienced impressive growth the last few years. But heavy interest is also forcing program administrators to think outside the box in order to …
Jim Beam was fined $600,000 earlier this month after a July warehouse fire sent a nearly 23-mile (37-kilometer) plume of alcohol into the Kentucky and Ohio rivers, killing fish. The distiller agreed to the fine in a Dec. 6 order …
Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite potential headwinds that may come from Florida domestic carriers raising rates and restricting coverage. Prompted by the request of Florida …
The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a Florida court and the Florida Department …