William Rabb

/William Rabb

About William Rabb

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So far William Rabb has created 98 blog entries.
13 06, 2024

Liberty Mutual’s Angle on $4.7M Refund Differs Slightly from Florida Regulators’

By | June 13th, 2024|Uncategorized|Comments Off on Liberty Mutual’s Angle on $4.7M Refund Differs Slightly from Florida Regulators’

Liberty Mutual Insurance this week should complete $5.2 million in refunds, premium credits and interest payments to more than 46,000 auto insurance policyholders in Florida, the result of a market conduct examination done months after a use-and-file rate was approved, …

11 06, 2024

Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says

By | June 11th, 2024|Uncategorized|Comments Off on Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says

A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters’ license, the Texas Supreme Court decided in a case that could give support to …

6 06, 2024

Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says

By | June 6th, 2024|Uncategorized|Comments Off on Surgeons Can’t Slip Out of GEICO’s Latest RICO Fraud Lawsuit in NC, Judge Says

GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled this week that two of those practitioners cannot escape a $2.8 million lawsuit in North …

17 05, 2024

Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says

By | May 17th, 2024|Uncategorized|Comments Off on Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says

Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling trouble for Florida and much of the Eastern United States. The models aren’t wrong, said Phil Klotzbach, a senior research …

15 05, 2024

US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency

By | May 15th, 2024|Uncategorized|Comments Off on US Workers’ Comp Line Still Showing Strong Profits, Lower Claim Frequency

Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitable segment, with a combined …

13 05, 2024

Florida OIR Fines Heritage P&C $1M for Ian Claims Issues

By | May 13th, 2024|Uncategorized|Comments Off on Florida OIR Fines Heritage P&C $1M for Ian Claims Issues

The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property & Casualty Insurance Co., which was hit with a $1 million penalty for failing to properly handle hundreds of claims after …

14 05, 2024

FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt

By | May 14th, 2024|Uncategorized|Comments Off on FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt

The Federal Trade Commission’s recently approved ban on noncompete agreements likely won’t survive court challenges, but that doesn’t mean the ban won’t become a model for a number of state legislatures to follow in coming months. “We don’t see it …

9 05, 2024

Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance

By | May 9th, 2024|Uncategorized|Comments Off on Fannie and Freddie Hit Pause on Replacement-Value Requirements for Home Insurance

Property insurance groups on Wednesday applauded a decision by Fannie Mae and Freddie Mac to hold off on an apparent plan to scrutinize mortgages on homes that don’t carry full replacement-value insurance coverage. The decision by Fannie and Freddie to …

3 05, 2024

Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud

By | May 3rd, 2024|Uncategorized|Comments Off on Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud

After an investment research firm dropped a bombshell last month and sent shares of Globe Life Inc. plunging by 53%, the insurance company denied the allegations that officers had concealed fraud and sexual harassment issues. But this week, the City …

3 05, 2024

Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court

By | May 3rd, 2024|Uncategorized|Comments Off on Cracks in O’Hare Columns Aren’t Insured Property Damage, Just Bad Product – Court

Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul and other insurers off …