William Rabb

/William Rabb

About William Rabb

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So far William Rabb has created 112 blog entries.
21 12, 2022

Ky. Supreme Court Clears Cincinnati Insurance of $4.6M Verdict in Bad-Faith Suit

By | December 21st, 2022|Uncategorized|Comments Off on Ky. Supreme Court Clears Cincinnati Insurance of $4.6M Verdict in Bad-Faith Suit

Cincinnati Insurance Co. dodged a $4.6 million judgment last week when the Kentucky Supreme Court found that a trial judge should have preempted a jury and granted a directed verdict in a bad-faith claim. If the injured third-party plaintiff failed …

15 12, 2022

Florida Insurance Commissioner Resigns, Gives No Reasons or Future Plans

By | December 15th, 2022|Uncategorized|Comments Off on Florida Insurance Commissioner Resigns, Gives No Reasons or Future Plans

Florida’s insurance commissioner on Thursday announced his resignation, effective Dec. 28, surprising some in the industry despite rumors that have swirled for the past few days. David Altmaier, who has been in the role since 2016, during one of the …

8 12, 2022

Florida Ratings Crisis: Fannie and Freddie Agree to Accept Citizens-as-Backstop Plan

By | December 8th, 2022|Uncategorized|Comments Off on Florida Ratings Crisis: Fannie and Freddie Agree to Accept Citizens-as-Backstop Plan

It took more than four months, but Fannie Mae and Freddie Mac have agreed to accept an innovative but temporary solution to Florida’s property insurer rating predicament. The mortgage-buying giants on Wednesday sent letters to primary mortgage lenders, notifying them …

24 10, 2022

Few Insurers Offer Input on Future of the Federal Home Loan Bank System

By | October 24th, 2022|Uncategorized|Comments Off on Few Insurers Offer Input on Future of the Federal Home Loan Bank System

Very few insurance companies showed up this month to talk about the future of the much-debated, 90-year-old Federal Home Loan Bank System, despite the fact that the system lends heavily to many large insurers at low interest rates, for a …

14 10, 2022

Judge Dismisses Florida Racketeering Lawsuit Against United P&C

By | October 14th, 2022|Uncategorized|Comments Off on Judge Dismisses Florida Racketeering Lawsuit Against United P&C

A federal judge has dismissed a lawsuit against United Property & Casualty Insurance Co. and its adjusters, a closely watched legal action that charged the insurer had violated anti-racketeering laws to systematically deny assignment-of-benefits claims from Hurricane Irma. “We’re very …

31 08, 2022

Comp Insurers Object to Florida Hospital Payments Set at 2X U.S. Average

By | August 31st, 2022|Uncategorized|Comments Off on Comp Insurers Object to Florida Hospital Payments Set at 2X U.S. Average

The Florida Division of Workers’ Compensation appears to be intent on pushing the ball across the goal line on a long-awaited revision to hospital reimbursement rules, despite concern from insurers that some rates are still out of bounds. “My goal …

26 08, 2022

DCA Can’t Prohibit Lower Court Ruling, Fla. Justices Decide in Insurance Case

By | August 26th, 2022|Uncategorized|Comments Off on DCA Can’t Prohibit Lower Court Ruling, Fla. Justices Decide in Insurance Case

Claim Was Settled, But Insurer Attorneys Revealed Mediation Info, Claimants’ Lawyer Says An appeals court cannot be used to prohibit a lower court’s decisions, except through the normal appeal process, the Florida Supreme Court decided Thursday in a case that …

25 08, 2022

UPC Gives up the Ghost, Now in Orderly Run-Off in Florida, Louisiana, Texas and NY

By | August 25th, 2022|Uncategorized|Comments Off on UPC Gives up the Ghost, Now in Orderly Run-Off in Florida, Louisiana, Texas and NY

United Property & Casualty Insurance Co., facing heavy losses, in July put out feelers for a potential sale or merger with another carrier, after a ratings downgrade and a substantial reorganization plan. But the firm’s holding company announced Wednesday that …

23 08, 2022

FIGA to Extend Assessment, Due to Southern Fidelity, Weston Failures

By | August 23rd, 2022|Uncategorized|Comments Off on FIGA to Extend Assessment, Due to Southern Fidelity, Weston Failures

Thanks to the mounting number of insolvencies of Florida property insurers in the last two years, the Florida Insurance Guaranty Association will have to borrow $150 million and extend a surcharge on policies through 2023. The FIGA Board of Directors …

22 08, 2022

Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase

By | August 22nd, 2022|Uncategorized|Comments Off on Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase

The Georgia insurance commissioner is publicly shaming one of the country’s largest auto insurers after the carrier announced an average 25% rate increase in the state. “I am angry and disappointed that Allstate has chosen to exploit a loophole in …