William Rabb

/William Rabb

About William Rabb

This author has not yet filled in any details.
So far William Rabb has created 100 blog entries.
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 …

30 04, 2024

Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster

By | April 30th, 2024|Uncategorized|Comments Off on Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster

Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust company executives who previously helmed now-insolvent carriers. Some have called the unprecedented regulatory action unfair, misguided and impossible to substantiate, …

12 04, 2024

SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t be Based on Stats

By | April 12th, 2024|Uncategorized|Comments Off on SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t be Based on Stats

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel’s decision making. …

11 04, 2024

Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

By | April 11th, 2024|Uncategorized|Comments Off on Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but would not lead to actual decreases …

4 04, 2024

A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer

By | April 4th, 2024|Uncategorized|Comments Off on A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer

The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring more capacity to …

3 04, 2024

Georgia’s Latest Effort on Plaintiff Demands Aims to Deter Bad-Faith Claims

By | April 3rd, 2024|Uncategorized|Comments Off on Georgia’s Latest Effort on Plaintiff Demands Aims to Deter Bad-Faith Claims

Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after …

6 03, 2024

Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says

By | March 6th, 2024|Uncategorized|Comments Off on Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says

Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called “monumental” and “eye-popping.” The …

2 02, 2024

Florida High Court Says Appraisals Can Be Compelled Before Coverage Decided

By | February 2nd, 2024|Uncategorized|Comments Off on Florida High Court Says Appraisals Can Be Compelled Before Coverage Decided

The Florida Supreme Court has resolved a conflict between differing appeals court decisions, deciding that property insurers can be compelled to submit to the appraisal process long before causation, coverage and misrepresentation issues are settled in claims disputes. “For the …

18 12, 2023

From Litigation to Capital, Florida Insurance Market Improving, Panelists Say

By | December 18th, 2023|Uncategorized|Comments Off on From Litigation to Capital, Florida Insurance Market Improving, Panelists Say

The Florida property and casualty insurance market is not out of the woods but it is showing signs of progress, from litigation trends to capital investments in the state, according to almost two dozen people who spoke at the Florida …