Four months after two Florida men were charged with operating a sham insurance company and a month after regulators ordered them to cease operations, the two have been indicted on federal fraud and money laundering charges. A federal grand jury …
Before Florida lawmakers in 2022 enacted sweeping insurance law changes that cut the legs out of what had been called an excessive and burgeoning number of property claims lawsuits, they tinkered for years with ways to rein in the costly …
In the warming Florida market, post-legislative reforms, much of the focus has been on homeowners’ property insurance rates. But one segment has been overlooked to a degree: multifamily dwellings, a category that includes everything from duplexes and fourplexes to big …
Zurich American does not get to reclassify a loss as one with a much higher deductible after it had already paid part of the claim, a federal appeals court said in a case involving rain damage to a massive solar …
In the long-simmering clash between property insurers and public adjusters, the adjusters now have Florida’s chief law enforcement officer on their side, after state Attorney General James Uthmeier announced his office will investigate anti-public adjuster endorsements in some Florida insurance …
The Tennessee Supreme Court has rejected a rule change that would have allowed private equity companies to own law firms, blocking one avenue that insurance groups have warned could lead to more litigation, more high-dollar jury awards and higher defense …
Trident Reciprocal Exchange is one of the new kids on the Florida block. It was launched in 2024 as the long-distressed Florida property insurance market began to thaw following statutory changes that clamped down on spiraling claims lawsuits in the …
The late-season hurricane known as Isaias has so far produced about 47,000 claims in Florida, with estimated insured losses at $582 million, carriers have reported to the Florida Office of Insurance Regulation. A week after the storm made landfall in …
Claims data from Florida’s Office of Insurance Regulation had not yet been released by Thursday morning, Oct. 15, but an analytics firm estimated insured losses from Hurricane Isaias to be about $3 billion, making the storm one of the most …
Isaias suddenly strengthened into a Category 3 hurricane Friday morning and remained on course to hit the Pensacola-Panhandle area of Florida with more than six feet of storm surge, strong winds and as much as 15 inches of rainfall. “Just-received …