
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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



