Florida, like most states, has seen more than a decade of annual decreases in workers’ compensation average rates. But costs may no longer be falling, thanks in part to higher wages and escalating medical payments, a new study from the …
A West Virginia uninsured motorist policy specified that the policyholder must report an accident to police within 24 hours. But that’s not enough to negate a claim, the West Virginia Supreme Court of Appeals decided this week. The West Virginia …
Three new property insurance companies have entered the Florida market this spring, bringing to 20 the number of new carriers since Florida lawmakers ended assignment-of-benefit agreements and one-way attorney fees in 2023. “To date, these new companies since the legislative …
NASHVILLE — The future of property-casualty insurance is here and it looks a lot like … a devoted personal assistant for the policyholder, one that moves at lightning speed and never complains or takes a day off. “You want your …
In another win for auto insurers, a federal appeals last week struck down a proposed class-action lawsuit over the methods carriers use to value totaled vehicles. At least five appellate courts in the last few years have said “no” to …
For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund—mainly through a lowered retention, or deductible, level. Today, three years into Florida’s tort-reform …
After almost a decade of litigation, investigations and deliberations, criminal fraud cases against reported billionaire and North Carolina insurance entrepreneur Greg Lindberg appear to finally be nearing an end. A sentencing hearing is expected in the next few months, followed …
A Florida appeals court decision, reinterpreting a 32-year-old workers’ compensation statute, could now mean a longer statute of limitations on many injury claims and may lead to the reopening of many cases around the state. The lead claimants’ attorney in …
A south Florida FedEx driver, now a quadriplegic after a vehicle crash in 2019, may need constant care and may benefit from a trip to see family members in New York. But the employer and the workers’ compensation insurer should …
A Florida judge has given another win to Citizens Property Insurance Corp., finding that the state-created insurer’s arbitration endorsement is constitutional and enforceable. “Final judgment is granted in favor of Citizens and against the plaintiff as to this declaration that …