Six years after it launched and two years after it exited the distressed Florida market, American Mobile Insurance Exchange has officially lost its authority to operate. Florida Insurance Commissioner Mike Yaworsky announced Monday, Oct. 19, that he had forced 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 …
Isaias proved to be somewhat unusual in that its eastern eyewall did not produce the strongest winds or the most wind claims. The storm's eye came ashore near the resort city of Destin in Okaloosa County. But Okaloosa and Walton counties together have ...
Catastrophe risk management firm Karen Clark & Co. (KCC) said privately insured losses from wind and storm surge during Hurricane Isaias will be about $3 billion, making the storm one of the most manageable for insurers in recent years. AM …
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 …
The Kentucky insurance commissioner is reminding property insurers they have just three weeks to resubmit homeowner policy endorsements that comply with state law on coverage for Fortified roofs. “Upon review, several FORTIFIED endorsement filings have been found to contain language …
Florida’s attorney general has filed suit against a high-profile roofing company with offices around the country, seeking penalties, refunds to homeowners, and a court order that would bar the firm from further deceptive actions. Evolve Construction & Restoration and six …
A Georgia Court of Appeals decision will stand, absolving five insurers of liability coverage and putting an end to long-running litigation stemming from revelations of child sexual abuse at boarding school. The Supreme Court of Georgia this month declined to …
Some software-as-service vendors are holding insurance companies on a tight leash, charging them huge annual fees for upgrades and for the privilege of accessing their own data, according to an insurance executive and a tech company owner who spoke at …