Rising Risks in Homeowners Insurance Demand Swift Action
The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
January 14, 2025
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Colorado
Florida
Hawaii
Louisiana
Florida Couple Accused of Running $11 Million Insurance Fraud Scheme via Unauthorized Dental Practices
A Florida couple allegedly orchestrated an $11 million insurance fraud scheme through unauthorized dental practices, deceiving patients and insurers to fund a luxury lifestyle.
January 7, 2025
Fraud
Insurance Industry
Legislation & Regulation
Risk Management
Florida
Florida Condo Owners Brace for Higher Costs Amid New Safety Rules
Florida’s condo owners confront rising fees due to stricter safety laws aimed at preventing disasters like the 2021 Surfside collapse, with inspections, reserve funding, and insurance costs at the forefront.
January 6, 2025
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Florida Court Clears Uber of Liability in Driver’s Fatal Accident
A Florida appeals court ruled that Uber is not responsible for a wrongful death claim, as the driver involved in the fatal accident was off duty and logged out of the Uber app.
January 3, 2025
Insurance Industry
Legislation & Regulation
Liability
Litigation
Florida
Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.
As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alabama
California
Colorado
Connecticut
Florida
Florida Insurers Expanding Product Lines as Market Dynamics Shift
Amelia Underwriters and Security First Insurance introduce new insurance products, targeting homeowners and businesses, signaling cautious growth in Florida’s evolving market.
December 30, 2024
Insurance Industry
Legislation & Regulation
Liability
Property
Florida
Minnesota Secures $300K Settlement with Florida Firm Over Worker Misclassification
A Florida company, accused of misclassifying Minnesota workers, settles for $300,000 and halts operations in the state, addressing worker misclassification and lost benefits.
December 26, 2024
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
Florida
Minnesota
Florida Man Accused of Hurricane Irma Insurance Fraud
A man from Coral Springs, Florida, is under investigation for insurance fraud after allegedly filing a false claim for Hurricane Irma damages, with encouragement from their public adjuster.
December 26, 2024
Fraud
Insurance Industry
Litigation
Property
Florida
Catastrophe Bonds Drive Market Growth to Record $50 Billion
Catastrophe bonds reached a record $17.7 billion in issuance for 2024, as insurers turn to private investors to manage growing climate-related risks and rising rebuilding costs.
December 26, 2024
Catastrophe
Insurance Industry
Property
Risk Management
Florida
Is 3D Printing Transforming Construction?
Innovative 3D printing technology is reshaping residential and commercial construction, offering faster, cost-effective, and sustainable solutions to address the housing shortage.
December 26, 2024
Litigation
Property
Risk Management
Technology
Florida
Nevada
Tennessee
Texas
Boy Faces Open Heart Surgery After Drone Strikes During Orlando Holiday Event
A 7-year-old boy is recovering from open-heart surgery after being struck by a drone during a holiday show at Lake Eola in Orlando, prompting an FAA investigation into the incident.
December 23, 2024
Legislation & Regulation
Liability
Risk Management
Technology
Florida
South Florida Buildings Face Risks from Coastal Subsidence Hotspots
Recent satellite studies reveal ground sinking up to 8 cm in parts of Miami Beach, Sunny Isles Beach, and Surfside, potentially impacting structural stability of buildings.
December 19, 2024
Legislation & Regulation
Property
Risk Management
Technology
Florida
Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back
The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
California
Florida
Hawaii
Louisiana
Massachusetts
Florida Unveils Elevation Program to Mitigate Flood Risks for Homes
Florida introduces the Elevate Florida program, offering grants and SBA loans to elevate flood-prone homes, aiming to reduce claims, lower insurance rates, and improve disaster resilience.
December 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Property
Florida
Dynamic Pricing Transforms Insurance with Real-Time Premium Adjustments
Dynamic pricing powered by AI, IoT sensors, and telematics is revolutionizing insurance by enabling real-time premium adjustments based on market trends and customer behavior.
December 10, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
