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Florida Court Rules Employer Entitled to Full Workers’ Compensation Lien

Florida Court Rules Employer Entitled to Full Workers’ Compensation Lien

A Florida appellate court has ruled that Captain D’s LLC is entitled to fully collect on its workers’ compensation lien after an injured worker failed to prove she didn’t receive full value from her injuries in a third-party settlement.
July 15, 2024 Legislation & Regulation Litigation Risk Management Workers' Compensation Florida

Addressing Rising Insurance Costs Through Education and Resilience

Addressing Rising Insurance Costs Through Education and Resilience

Triple-I emphasizes the importance of consumer education and community resilience to mitigate rising insurance costs driven by inflation, litigation, and natural disasters.
July 11, 2024 Education & Training Legislation & Regulation Property Risk Management California Florida Louisiana

Insurers Gained $50 Billion From Medicare for Untreated Diseases

Insurers Gained $50 Billion From Medicare for Untreated Diseases

Medicare Advantage insurers received $50 billion from questionable diagnoses, including diseases like diabetic cataracts and HIV, for conditions that were not treated or didn’t exist.
July 8, 2024 Fraud Insurance Industry Legislation & Regulation Technology Alabama Arizona Florida Georgia Massachusetts

Farmers Insurance Addresses Adjuster Concerns Following Anonymous Letter

Farmers Insurance Addresses Adjuster Concerns Following Anonymous Letter

Farmers Insurance responds to claims of understaffing and overworking made by an anonymous group of in-house adjusters, following a significant increase in claims and workforce reduction.
July 2, 2024 Insurance Industry Legislation & Regulation Litigation Workers' Compensation Alabama California Florida Georgia Tennessee

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment

Big Florida Insurers Close Nearly Half of Homeowner Claims Without Payment

Weiss Ratings, an independent insurance rating agency, reports that three major Florida homeowners insurance providers closed nearly half of their claims last year without any payment.
July 2, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Florida Home Insurance Premiums Rise Slower Than Expected Thanks to Legal Reforms

Florida Home Insurance Premiums Rise Slower Than Expected Thanks to Legal Reforms

Home insurance premiums in Florida increased 80% less than expected in 2023 due to legislative reforms addressing legal system abuses, along with lower inflation in replacement costs, according to Triple-I.
July 1, 2024 Insurance Industry Legislation & Regulation Litigation Property Florida

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

Escalating Home Insurance Costs Linked to Disaster Risk: Insights from Mortgage Escrow Data

An analysis of 47 million homeowners’ insurance expenditures reveals a sharp increase in premiums from 2020 to 2023, with disaster-prone areas experiencing the most significant hikes due to rising reinsurance costs.
July 1, 2024 Catastrophe Insurance Industry Property Risk Management California Florida Louisiana Texas

Lightning-Related Insurance Claims Soar in 2023

Lightning-Related Insurance Claims Soar in 2023

The Insurance Information Institute (Triple-I) reported a 30% increase in total claims value from 2022, highlighting the financial impact of severe convective storms.
June 19, 2024 Catastrophe Insurance Industry Property Risk Management Alabama California Florida Georgia Louisiana

Nationwide’s Policy Termination Leaves Pet Owners Scrambling for Coverage

Nationwide’s Policy Termination Leaves Pet Owners Scrambling for Coverage

Nationwide’s decision to cancel coverage for 100,000 pets due to rising veterinary costs leaves many owners of older pets with pre-existing conditions in a difficult position.
June 18, 2024 Insurance Industry Legislation & Regulation Liability Life & Health Florida Michigan

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

South Florida Flooded by Historic Rainstorm, Struggles to Adapt to Climate Challenges

A once-in-200-years rainstorm, Invest 90L, flooded South Florida, highlighting the region’s struggle to adapt to rising sea levels and extreme weather.
June 18, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

Heavy Rains Aim for Texas and Louisiana as Tropical System Brews in Gulf of Mexico

AccuWeather hurricane experts are monitoring the southwestern Gulf of Mexico for potential tropical development this week.
June 17, 2024 Catastrophe Property Risk Management Florida Louisiana Texas

Florida Appeals Court Reverses Workers’ Compensation Award for Former MLB Player

Florida Appeals Court Reverses Workers’ Compensation Award for Former MLB Player

The First District Court of Appeal of Florida has reversed a workers’ compensation award in favor of Austin Sodders, a former pitcher for the Detroit Tigers.
June 17, 2024 Insurance Industry Litigation Workers' Compensation Florida

Severe Weather Triggers State of Emergency in South Florida

Severe Weather Triggers State of Emergency in South Florida

Governor Ron DeSantis has declared a state of emergency for multiple counties in South Florida due to severe flooding and heavy rainfall, causing significant disruption.
June 13, 2024 Catastrophe Insurance Industry Legislation & Regulation Risk Management Florida

Liability Litigation Trends: Increased Claims and Attorney Representation

Liability Litigation Trends: Increased Claims and Attorney Representation

Attorney representation in liability claims has increased significantly, with litigation rates climbing in 2023. The trend is partly driven by a rush to file lawsuits in Florida before new tort reform measures took effect, according to Sedgwick’s latest report.
June 13, 2024 Legislation & Regulation Liability Litigation Risk Management Florida

Retired Fire Captain Arrested for Alleged Insurance Fraud

Retired Fire Captain Arrested for Alleged Insurance Fraud

A retired fire captain from Davie, Florida, faces charges of insurance fraud and criminal use of personal identification for allegedly submitting falsified lodging invoices related to a 2022 insurance claim.
June 12, 2024 Fraud Insurance Industry Liability Litigation Florida
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