William Rabb

/William Rabb

About William Rabb

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So far William Rabb has created 41 blog entries.
10 06, 2022

Citizens Adds Thousands of Policies But Has Yet to Complete Reinsurance Needs

By | June 10th, 2022|Uncategorized|Comments Off on Citizens Adds Thousands of Policies But Has Yet to Complete Reinsurance Needs

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 …

9 06, 2022

Milliman: Black-Lung Liabilities Top $9 Billion as Coal Industry Shrinks

By | June 9th, 2022|Uncategorized|Comments Off on Milliman: Black-Lung Liabilities Top $9 Billion as Coal Industry Shrinks

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. …

9 06, 2022

Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says

By | June 9th, 2022|Uncategorized|Comments Off on Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says

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. …

27 05, 2022

High-Speed Lawmaking: Florida Governor Quickly Signs Insurance, Condo Reform Bills

By | May 27th, 2022|Uncategorized|Comments Off on High-Speed Lawmaking: Florida Governor Quickly Signs Insurance, Condo Reform Bills

Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ago when the bills were drafted and filed. “This package represents …

27 05, 2022

People’s Trust, Southern Fidelity Stop Writing New Business in Florida

By | May 27th, 2022|Uncategorized|Comments Off on People’s Trust, Southern Fidelity Stop Writing New Business in Florida

Two more property insurers, including two of Florida’s larger carriers, did not wait around to see what help the just-concluded special session of the Legislature may provide, and have stopped new business in the state. People’s Trust, once listed as …

20 05, 2022

Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim

By | May 20th, 2022|Uncategorized|Comments Off on Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim

Florida may have one of the most generous attorney-fee mechanisms in the country, sometimes resulting in plaintiff’s fees that are several times greater than the amount of damage awards. It’s enough to drive property insurers crazy – or toward the …

20 05, 2022

Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim

By | May 20th, 2022|Uncategorized|Comments Off on Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim

Florida may have one of the most generous attorney-fee mechanisms in the country, sometimes resulting in plaintiff’s fees that are several times greater than the amount of damage awards. It’s enough to drive property insurers crazy – or toward the …

19 05, 2022

Policies’ Arbitration, AOB Endorsements are Unconstitutional, Florida Lawsuit Claims

By | May 19th, 2022|Uncategorized|Comments Off on Policies’ Arbitration, AOB Endorsements are Unconstitutional, Florida Lawsuit Claims

Recent moves by two Florida insurers to limit litigation and restoration expenses – and regulators’ approval of those policy endorsements – have met with a constitutional challenge from contractors. One Florida law professor said the suit is likely to see …

16 05, 2022

Florida CFO Wants More Insurance Fraud Investigators, Education Campaign

By | May 16th, 2022|Uncategorized|Comments Off on Florida CFO Wants More Insurance Fraud Investigators, Education Campaign

Ahead of next week’s special legislative session, Florida’s chief financial officer is asking lawmakers for $6.5 million to fund 23 new investigative positions and to launch a public education campaign, part of his proposal to combat insurance fraud and reduce …

12 05, 2022

Florida Restaurants Go Hungry in Federal, State COVID Suits vs. Lloyd’s

By | May 12th, 2022|Uncategorized|Comments Off on Florida Restaurants Go Hungry in Federal, State COVID Suits vs. Lloyd’s

Florida restaurants have had little success in recent lawsuits against Lloyd’s of London over insurance coverage for shutdowns during the COVID-19 pandemic. On Wednesday, Florida’s 3rd District Court of Appeal, in the first COVID-coverage ruling by a Florida state appeals …