Trending Florida Headlines
The most viewed headlines from our Florida Topic Page over the last 30 days.
#1 Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market
Aug 7 2023 // Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that the troubled Florida insurance market is improving, even if it will likely mean higher...
#2 Florida Citizens’ Board Approves $36M for New and Improved Clearinghouse Platform
Jul 31 2023 // Florida insurance agents will soon be able to access a new online clearinghouse platform designed to make it easier to steer policyholders away from the still-growing, state-created Citizens Property Insurance Corp. The...
#3 Farmers Forced to Rescind Thousands of Nonrenewal Notices in Georgia
Jul 24 2023 // About the same time that it announced a major pull-back from the Florida and California markets, Famers Insurance also sent thousands of nonrenewal notices to Georgia homeowners. In Georgia, though, the carrier appears to...
#4 Ray of Sunshine: Florida Insurers Show Profit as Citizens Takeouts Rise – S&P Global
Aug 2 2023 // Republished from S&P Global Market Intelligence For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P...
#5 Head Scratcher? Claims Litigation Not Named as Major Factor in Florida Insolvencies
Jul 26 2023 // Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent regulators’ reports about the reasons for insolvencies make...
#6 After UPC Insolvency, Parent Company Rebrands to American Coastal Insurance
Aug 1 2023 // Six months after its namesake insurance carrier was deemed insolvent, United Insurance Holdings is rebranding itself in the name of its surviving insurer, as American Coastal Insurance Corp. The St. Petersburg,...
#7 Map Tool Gives Grim Look at Sea Level and Flood Impact on Coastal Areas
Jul 24 2023 // Many of the lowest-lying coastal areas of the Southeastern United States, including some heavily populated parts of Florida, will be subject to increased annual flooding in less than 30 years, according to scenarios mapped...
#8 AAA Is Not Exiting Florida But Will Non-Renew ‘Small Percentage’ of Policies
Jul 17 2023 // The Auto Club Insurance Company (AAA) of Florida has announced that it will not renew a “very small percentage” of auto and home insurance package policies in Florida. But, the insurer stressed, it is not...
#9 Florida’s Universal Profits Are Up as Carrier Sheds Policies, Feels Impact of Reforms
Jul 28 2023 // Efforts by Universal Insurance Holdings, the publicly traded parent company of one of Florida’s largest property and casualty insurers, to shed policies, spread risk and raise rates appears to have paid off so far in...
#10 Heritage Insurance Reports Third Straight Quarter of Profit After Shedding Policies
Aug 11 2023 // Tampa-based Heritage Insurance Holdings reported a $7.8 million profit for the second quarter of this year, along with an improved combined ratio, thanks in part to higher premiums and reduced exposure in Florida. The...
#11 Florida Injury Lawyer Pleads Guilty to Defrauding Players, Litigation Funders in NFL Suits
Aug 4 2023 // A Florida injury attorney, now disbarred, has pleaded guilty to swindling litigation funders and former NFL football players who had sued the league over concussion injuries. Just before his trial was set to begin in...
#12 Florida Quelled Attorney Fees But WV Doctrine is Alive – With Limits
Jul 24 2023 // The Florida Legislature made national headlines late last year when it effectively curtailed one-way attorney fees and greatly limited plaintiffs’ fee multipliers in claims litigation. Property insurers celebrated...
#13 Why the Investor-Driven Hard Reinsurance Market Will Persist
Jul 17 2023 // Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said. Kevin O’Donnell, president and...
#14 Jury Awards Florida Girl Burned by McNugget $800,000 in Damages
Jul 21 2023 // A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald`s...
#15 Payroll Was Millions More than Florida Contractor Reported, DFS Says
Jul 27 2023 // A south Florida contractor faces significant jail time after he was arrested for vastly underreporting his payroll to his workers’ compensation insurer. Hector Gutierrez-Morales, owner of HG & AKE Construction...
#16 DeSantis’ Retaliation vs. Disney Hurting Florida, Former GOP Officials Say in Court
Aug 8 2023 // Saying Gov. Ron DeSantis has followed the autocratic examples of governments in Russia and China, a group of mostly Republican former high-level government officials and business leaders has called the Florida governor`s...
#17 Surplus Lines Premium Increases 16% to Nearly $36 Billion Through June
Aug 10 2023 // Surplus lines premium reached nearly $36 billion through the first six months of 2023, according to the 2023 Midyear Report of the U.S. Surplus Lines Service and Stamping Offices. Premium increased about 16% overall...
#18 New Florida Workers’ Comp Rules in Effect for Employer Penalties, Exemptions
Jul 26 2023 // This month, a number of new workers’ compensation rules took effect in Florida, affecting penalties for employers who fail to obtain comp insurance and setting new requirements for exemptions for corporate...
#19 Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims
Jul 21 2023 // Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute...
#20 Blood is Not Excluded Pollutant, Florida High Court Says by Declining to Hear Case
Aug 9 2023 // The Florida Supreme Court this week declined to hear an appeal from Florida Farm Bureau General Insurance. The move essentially upholds a lower court that cut down the insurer’s argument that a burglar’s blood...
