FEMA Signals End to Flood Insurance Discounts for Lee County, Florida Homeowners
Homeowners in Lee County, Florida, face losing flood insurance discounts after FEMA cites compliance issues in the Community Rating System.
April 2, 2024
Insurance Industry
Legislation & Regulation
Property
Florida
New Jersey
Tackling Fraudulent Claims Tactics in Florida’s Insurance Landscape
Florida combats aggressive insurance fraud schemes involving public adjusters and contractors, unveiling deceptive practices in the wake of natural disasters.
April 2, 2024
Fraud
Insurance Industry
Legislation & Regulation
Property
Florida
Homeowners Brace for Further Hikes Amid Climate and Market Pressures
As homeowners grapple with a 19.8% spike in insurance rates, projections show a relentless 6% increase into 2024, heavily influenced by climate change and severe weather patterns.
April 1, 2024
Catastrophe
Legislation & Regulation
Property
Connecticut
Florida
Illinois
Louisiana
Maine
Predictions Point to a Record-Breaking 2024 Atlantic Hurricane Season
Forecasters warn of an unusually active 2024 Atlantic hurricane season, urging early preparations as conditions favor above-average storm activity.
March 29, 2024
Catastrophe
Insurance Industry
Risk Management
Technology
Florida
North Carolina
South Carolina
Texas
Florida Property Insurers Turn Profit in 2023, Bucking Years of Losses Amid Hurricane Challenges
After facing underwriting losses for years due to hurricane damages, Florida’s property insurers reported profits in 2023, signaling a potential market turnaround.
March 27, 2024
Insurance Industry
Legislation & Regulation
Property
Risk Management
Florida
Bridging the Insurance Gap in Emerging Markets Through Innovative Insurtech Solutions
Discover how Insurtech is revolutionizing insurance accessibility in emerging markets, leveraging mobile technology, and custom solutions to drive economic resilience.
March 27, 2024
Legislation & Regulation
Technology
Florida
Claims Adjusters Share Their Frustrations in Property Claim Adjustments
Claims adjusters reveal the myriad challenges and frustrations they face during property claim inspections, from uncooperative homeowners to aggressive public adjusters.
March 26, 2024
Fraud
Insurance Industry
Property
Risk Management
California
Florida
Texas
2023 Reflects a New Norm in Natural Catastrophe Insurance Losses
In 2023, natural disasters led to over $108 billion in insured losses, marking the fourth consecutive year above $100 billion, with severe convective storms hitting a record high.
March 26, 2024
Catastrophe
Property
Risk Management
Technology
California
Florida
Louisiana
Professional Employer Organizations Revolutionize Small Business Compliance and HR
Amid challenges, Professional Employer Organizations (PEOs) emerge as a critical ally for small to medium businesses, blending compliance, HR, and workers’ comp solutions.
March 25, 2024
Legislation & Regulation
Risk Management
Technology
Workers' Compensation
California
Florida
Florida Judge Criticizes Insurance Company for Blocking Policyholder Claims
A Nassau County judge accuses a Florida insurance company of stonewalling policyholders and ignoring court orders, highlighting a broader issue with claim disputes.
March 22, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Florida
The Impact of Mass Tort Advertising on the Insurance Industry
With $1.2 billion spent on mass tort TV ads in a single year, experts warn the insurance industry to heed the potential litigation risks these ads represent.
March 20, 2024
Insurance Industry
Legislation & Regulation
Litigation
Technology
Florida
Rising Auto Premiums Linked to Natural Disasters, Inflation, and Social Factors
Auto insurance premiums are climbing due to labor/material costs, natural disasters, and social inflation, with industry challenges sparking rate hikes.
March 18, 2024
Auto
Catastrophe
Risk Management
Technology
California
Florida
Health Worker Shortages Impact Workers’ Compensation Treatment Options
Ongoing health care worker shortages continue to challenge the availability of treatment for workers’ compensation claimants, with experts calling for industry-wide solutions.
March 13, 2024
Life & Health
Workers' Compensation
Florida
North Carolina
Jacksonville Funeral Home Director Faces Insurance Fraud Charges
A former funeral home director in Jacksonville pleads not guilty to charges centered around false insurance claims and theft, highlighting the need for stricter oversight.
March 13, 2024
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Florida
U.S. Shifts Strategy on Home Insurance Data Collection Amid Rising Premiums and Climate Risks
In response to climbing premiums and climate threats, the U.S. pivots from direct data collection to a collaborative approach with state insurance regulators.
March 11, 2024
Catastrophe
Insurance Industry
Legislation & Regulation
Risk Management
California
Florida
