William Rabb

/William Rabb

About William Rabb

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So far William Rabb has created 41 blog entries.
2 08, 2022

Demotech Downgrades Three in Florida; AM Best, KBRA Say They’re Available

By | August 2nd, 2022|Uncategorized|Comments Off on Demotech Downgrades Three in Florida; AM Best, KBRA Say They’re Available

Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off – the firm has now …

29 07, 2022

Fla. 3rd: Policyholder Who Blocked Repairs Can’t Recover Damages from Insurer

By | July 29th, 2022|Uncategorized|Comments Off on Fla. 3rd: Policyholder Who Blocked Repairs Can’t Recover Damages from Insurer

Insureds cannot recover damages from the insurance company if they failed to comply with the policy and failed to allow the insurer to make the needed repairs, a Florida appeals court decided Wednesday. Florida’s 3rd District Court of Appeal upheld …

28 07, 2022

Insureds Can’t Block Repairs Then Sue Insurer, Florida Appeals Court Agrees

By | July 28th, 2022|Uncategorized|Comments Off on Insureds Can’t Block Repairs Then Sue Insurer, Florida Appeals Court Agrees

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 …

21 07, 2022

Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List

By | July 21st, 2022|Uncategorized|Comments Off on Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List

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 …

19 07, 2022

Starbucks Ordered to Pay $9M After Woman Hit in Drive-Thru Lane

By | July 19th, 2022|Uncategorized|Comments Off on Starbucks Ordered to Pay $9M After Woman Hit in Drive-Thru Lane

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 …

12 07, 2022

Court Finds Colony Insurance Off the Hook for Damages for Fatal Shooting at Atlanta Store

By | July 12th, 2022|Uncategorized|Comments Off on Court Finds Colony Insurance Off the Hook for Damages for Fatal Shooting at Atlanta Store

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 …

8 07, 2022

Florida’s Capacity Insurance Gets Downgraded, Stops Writing New Business

By | July 8th, 2022|Uncategorized|Comments Off on Florida’s Capacity Insurance Gets Downgraded, Stops Writing New Business

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 …

7 07, 2022

Miami Jury Orders Bar That Served Drunken Driver to Pay $96M in Damages

By | July 7th, 2022|Uncategorized|Comments Off on Miami Jury Orders Bar That Served Drunken Driver to Pay $96M in Damages

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 …

5 07, 2022

Insurer’s Good Deed Restarts the Clock on Benefits, Carolina Appeals Court Finds

By | July 5th, 2022|Uncategorized|Comments Off on Insurer’s Good Deed Restarts the Clock on Benefits, Carolina Appeals Court Finds

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 …

23 06, 2022

‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud

By | June 23rd, 2022|Uncategorized|Comments Off on ‘Well-to-Do’ Investment Firm Head Charged in $300,000 South Florida Insurance Fraud

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 …