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Miami Construction Suppliers Charged in Major Workers’ Compensation Fraud Case

Miami Construction Suppliers Charged in Major Workers’ Compensation Fraud Case

Miami-area labor suppliers face charges for underreporting payroll and cheating insurers out of over $220,000 in workers’ compensation premiums.
January 30, 2024 Fraud Insurance Industry Litigation Workers' Compensation Florida

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens Insurance to Transfer Thousands of Policies to Private Insurers in 2024

Citizens, Florida’s insurer of last resort, plans to transfer approximately 76,000 policies to private insurers this month, as part of its broader strategy to reduce policy count and address solvency concerns.
January 29, 2024 Insurance Industry Legislation & Regulation Property Florida

Florida’s Home Insurance Crisis Threatens Real Estate Market Stability

Florida’s Home Insurance Crisis Threatens Real Estate Market Stability

Florida faces a potential real estate downturn as home insurance premiums skyrocket, making mortgages increasingly difficult to obtain.
January 24, 2024 Catastrophe Legislation & Regulation Property Florida

Florida Plans to Issue Bonds to Support Hurricane Losses Fund

Florida Plans to Issue Bonds to Support Hurricane Losses Fund

Florida aims to bolster its hurricane catastrophe fund by borrowing up to $3.8 billion through municipal bonds to support property insurers against hurricane losses.
January 23, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

Florida Appeals Court Upholds $2.7 Million Tax Ruling Against State Farm

Florida Appeals Court Upholds $2.7 Million Tax Ruling Against State Farm

State Farm’s appeal fails as Florida court affirms the insurer’s obligation to pay $2.7 million in corporate taxes, interpreting state and local bond interest inclusions.
January 18, 2024 Insurance Industry Legislation & Regulation Litigation Florida

Florida Senate Advances Bill to Restructure Citizens Property Insurance

Florida Senate Advances Bill to Restructure Citizens Property Insurance

A new Florida Senate bill aims to transform Citizens Property Insurance Corp, focusing on high-value homes and removing premium caps.
January 17, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida

Proposed House Bill 1213 Aims to Transform Citizens Property Insurance into Primary Windstorm Coverage Provider

Proposed House Bill 1213 Aims to Transform Citizens Property Insurance into Primary Windstorm Coverage Provider

House Bill 1213, proposed by State Representatives Spencer Roach and Hillary Cassel, seeks to make Citizens Property Insurance a primary option for windstorm coverage in Florida.
January 16, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida

Florida Lawmakers Grapple with Homeowners Insurance Crisis

Florida Lawmakers Grapple with Homeowners Insurance Crisis

As Florida’s annual legislative session approaches, lawmakers focus on addressing the state’s escalating homeowners insurance crisis with a range of proposed solutions.
January 10, 2024 Insurance Industry Legislation & Regulation Property Risk Management Florida

Tornadoes and Thunderstorms Cause Fatalities and Damage in Southeast US

Tornadoes and Thunderstorms Cause Fatalities and Damage in Southeast US

A series of deadly tornadoes and severe thunderstorms wreak havoc across the Southeast, leading to four deaths and extensive property damage.
January 10, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama Florida Georgia Maine North Carolina

US Auto Insurance Premiums Set for Record Increase in 2024

US Auto Insurance Premiums Set for Record Increase in 2024

As U.S. drivers brace for the highest auto insurance rate hike since 2018, with an average increase of 12.6%, financial pressures mount across states.
January 10, 2024 Auto Insurance Industry Legislation & Regulation Technology Arizona California Connecticut Florida Georgia

Tornadoes and High Winds Ravage the South, Causing Extensive Damage

Tornadoes and High Winds Ravage the South, Causing Extensive Damage

A series of tornadoes and high winds struck the South, including Panama City, Florida, leading to significant damage and emergency rescues.
January 9, 2024 Catastrophe Insurance Industry Property Risk Management Alabama Florida

Customer Sues Dunkin’ Over Injuries from Exploding Toilet Incident

Customer Sues Dunkin’ Over Injuries from Exploding Toilet Incident

A lawsuit against Dunkin’ alleges severe injuries due to an exploding toilet at a Florida location, raising questions about premises safety.
January 9, 2024 Insurance Industry Liability Litigation Property Florida

Florida Proposes $200 Million Expansion for Home Elevation and Flood Mitigation Program

Florida Proposes $200 Million Expansion for Home Elevation and Flood Mitigation Program

In response to escalating climate change and storm threats, Florida introduces new bills to expand its mitigation program, offering grants for home elevation and floodproofing.
January 8, 2024 Catastrophe Legislation & Regulation Property Risk Management Florida

Florida Appeals Court Reverses Dismissal of Bad Faith Suit Against First Protective Insurance

Florida Appeals Court Reverses Dismissal of Bad Faith Suit Against First Protective Insurance

In a pivotal ruling, a Florida appeals court overturns a dismissal, allowing a bad-faith lawsuit against First Protective Insurance over delayed sinkhole damage payments.
January 5, 2024 Legislation & Regulation Litigation Property Risk Management Florida

December Nor’easter and California Rains Lead to Major Losses in the U.S.

December Nor’easter and California Rains Lead to Major Losses in the U.S.

Severe December weather, including a nor’easter and California flooding, potentially costs millions in economic and insured losses.
January 5, 2024 Catastrophe Property Risk Management California Florida Maine New Jersey North Carolina
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