Insureds cannot recover damages from the insurance company if they failed to comply with the policy and allow the insurer to make the needed repairs, a Florida appeals court decided Wednesday. Florida’s 3rd District Court of Appeal upheld without comment …
In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the figure reported in 2016. That’s one jaw-dropping but not surprising takeaway from the Florida Office of Insurance Regulation’s recently posted …
Starbucks Corp. has appealed a nearly $9 million verdict rendered against it after a customer was struck by a vehicle in the drive-through lane at a Fernandina Beach, Florida, coffee shop. The driver and the property owner settled claims against …
An insurance company is not responsible for premises liability damages after a man was shot and killed outside an Atlanta grocery store in 2019, thanks to unambiguous policy exclusions, a federal judge ruled Monday. Colony Insurance Co., part of Argonaut …
AM Best has withdrawn its financial strength rating for Sunrise, Florida-based Capacity Insurance, and the company has stopped writing new business. “Due to a variety of circumstances, the Florida market has undergone tremendous changes over the last year. As a …
A Miami-Dade jury has returned one of the largest verdicts ever in an automobile accident, awarding $95 million in damages plus attorneys’ fees to a South Florida family whose daughter was killed and whose son was catastrophically injured by a …
Insurers might say this one falls in the category of “no good deed goes unpunished.” In a workers’ compensation decision published today, July 5, the North Carolina Court of Appeals held that the re-issuance of a missing check to an …
The head of a small, South Florida investment firm has been charged with insurance fraud after he submitted a $300,000 roof-leak claim to his insurer, American International Group, along with allegedly fake photos of mold and other damage to his …
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting this week, Chief Operating Officer Kelly Booten said the state-run insurer of …
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurers’ and self-insured companies’ liabilities for black-lung occupational disease claims have ballooned – to an estimated $9 billion and perhaps more than $14 billion. …