Claims Pages
claimspages
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

Trust Ranks Highest in Auto Insurance Customer Satisfaction as Prices Surge

Trust Ranks Highest in Auto Insurance Customer Satisfaction as Prices Surge

With U.S. auto insurance rates surging by 11.2% over the past year, customer trust emerges as a key factor in maintaining satisfaction, according to J.D. Power's 2024 U.S. Auto Insurance Study.
June 12, 2024 Auto Insurance Industry Risk Management Florida

Preparing for an Active 2024 Hurricane Season

Preparing for an Active 2024 Hurricane Season

The 2024 Atlantic hurricane season is expected to be highly active, with forecasts predicting an increased number of storms and hurricanes. Businesses and residents in vulnerable areas must prioritize preparedness to mitigate potential impacts.
June 11, 2024 Catastrophe Insurance Industry Property Risk Management California Florida

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

USPS National Dog Bite Awareness Campaign Highlights Rising Incidents

The USPS concluded its 2024 National Dog Bite Awareness Campaign amid a rise in dog attacks on postal workers, emphasizing safe mail delivery and responsible pet ownership.
June 10, 2024 Education & Training Insurance Industry Risk Management Weird California Florida Illinois Michigan Missouri

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

Nuclear Verdicts Surge in Personal Injury and Wrongful Death Cases: A Decade in Review

A comprehensive study from the U.S. Chamber of Commerce Institute for Legal Reform highlights the rising trend of nuclear verdicts, their causes, and potential solutions over a ten-year period ending in 2022.
June 10, 2024 Legislation & Regulation Litigation Property Risk Management California Florida Georgia Illinois Missouri

Reddit Adjusters Discuss Declining Storm Coverage Trends

Reddit Adjusters Discuss Declining Storm Coverage Trends

Insurance professionals on Reddit discuss how carriers are reducing storm damage coverage, impacting policies and the job market for adjusters.
June 7, 2024 Catastrophe Litigation Property Risk Management California Florida
Aspen Claims ServiceOmega Forensic Engineering, IncWeller SalvageNationwide Overspray