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 …
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 …
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 …
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 …
Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving new urgency to calls to cut the fund’s retention level in half, a move that some estimates show could save …
It’s when the letter is mailed, not when it is received, that determines if a plaintiff in a medical malpractice case complied with Florida law on pre-suit notifications, the Florida Supreme Court decided Thursday. “It is the timely mailing of …
Four months after its largest subsidiary stopped writing new homeowner business in Florida, United Insurance Holdings Corp. announced it would consolidate four of its companies into three. Publicly traded United, also known as UPC Insurance, owns Journey Insurance Co., American …
A decision handed down Thursday by the Florida Supreme Court, along with a recent ruling by state regulators, could give insurers another tool that could be used to stem the tide of claims litigation. In AirBnB Inc. vs. John Doe, …
A special insurance-reform session of the Florida Legislature probably won’t happen before November, when a new House speaker takes office. But the state’s insurance regulators are taking steps on their own to help cut the cost of roof claims. At …
Kentucky’s General Assembly has become the only legislature so far this year to adopt a bill that could give insurers lower rates on commercial loans from the Federal Home Loan Bank system. The Kentucky Senate this week unanimously approved House …