William Rabb

/William Rabb

About William Rabb

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So far William Rabb has created 123 blog entries.
30 05, 2025

After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

By | May 30th, 2025|Uncategorized|Comments Off on After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …

27 05, 2025

DIY Home Inspections Are Taking Over, Firms Say

By | May 27th, 2025|Uncategorized|Comments Off on DIY Home Inspections Are Taking Over, Firms Say

The future of home inspections is here and it’s in the hands of…the homeowner, according to leaders of two firms that have developed DIY systems now being used by prospective insureds across the country for pre-policy property surveys. “Do-it-yourself inspections …

27 05, 2025

Underwriting Concerns About Solar? Insurer Certifies Panels for Hail, Fire Resistance

By | May 27th, 2025|Uncategorized|Comments Off on Underwriting Concerns About Solar? Insurer Certifies Panels for Hail, Fire Resistance

While some insurance companies in Florida and beyond have balked at writing properties with rooftop solar panels, FM Global says it has pioneered an idea that may help – a testing system that certifies panels for fire and hail resistance. …

13 05, 2025

Florida OIR Fines Centauri Specialty for Unappointed Adjusters, Other Issues

By | May 13th, 2025|Uncategorized|Comments Off on Florida OIR Fines Centauri Specialty for Unappointed Adjusters, Other Issues

Sarasota-based Centauri Specialty Insurance, now part of Arbol’s Lilypad Insurance Holdings, used non-appointed adjusters in the wake of Hurricane Ian in 2022 and has agreed to pay a $100,000 fine to Florida regulators. A market conduct examination by the Florida …

18 04, 2025

USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations

By | April 18th, 2025|Uncategorized|Comments Off on USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations

USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career …

11 04, 2025

Brown & Brown Charges Former VP With Poaching Clients, Breaching Agreements

By | April 11th, 2025|Uncategorized|Comments Off on Brown & Brown Charges Former VP With Poaching Clients, Breaching Agreements

Florida-headquartered Brown & Brown, one of the largest insurance brokerages in the country, this week filed a federal lawsuit against a former vice president, charging him with secretly setting up a competing business and poaching clients. The lawsuit in the …

7 04, 2025

Florida OIR Faults DFS in Move to Combine Regulatory Functions. DFS Pushes Back

By | April 7th, 2025|Uncategorized|Comments Off on Florida OIR Faults DFS in Move to Combine Regulatory Functions. DFS Pushes Back

In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consumer complaints, investigations and insurer affiliate companies. …

27 03, 2025

Miami Insurance Broker Sentenced to 3.5 Years in Condo Premium Finance Scheme

By | March 27th, 2025|Uncategorized|Comments Off on Miami Insurance Broker Sentenced to 3.5 Years in Condo Premium Finance Scheme

A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing, then using the loans …

28 03, 2025

Fla. House Subcommittees Vote to Repeal PIP Law, Pass Two Other Insurance Bills

By | March 28th, 2025|Uncategorized|Comments Off on Fla. House Subcommittees Vote to Repeal PIP Law, Pass Two Other Insurance Bills

The Florida House subcommittee on insurance advanced two hotly debated bills Thursday, one supported by insurance agents but another that was opposed by agents and carriers alike. And another subcommittee voted to repeal the auto insurance personal injury protection law …

26 03, 2025

Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website

By | March 26th, 2025|Uncategorized|Comments Off on Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website

The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved by the Florida Senate …