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
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
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
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
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
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
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
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
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.
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
Florida Check-Cashing Fraud Scheme Leads to Prison Sentences for Three Conspirators
Gabriela Inamagua, alongside her father and his former girlfriend, faces prison for a multi-million dollar fraud scheme involving shell companies and insurance deception.
January 4, 2024
Fraud
Insurance Industry
Legislation & Regulation
Workers' Compensation
Florida
The Evolving Dynamics of Pharmacy Use in Workers’ Compensation
Exploring the top five pharmacy trends in workers' compensation for 2024, focusing on physician dispensing, mental health, opioids, long COVID, and inflation.
January 3, 2024
Legislation & Regulation
Life & Health
Risk Management
Workers' Compensation
Florida
P&C Insurance in 2023: A Year to Forget, but a Stepping Stone to Future Success
Exploring the tumultuous journey of the P&C industry in 2023 and its potential path towards recovery and innovation in 2024, amidst global and economic uncertainties.
January 2, 2024
Auto
Catastrophe
Legislation & Regulation
Technology
Alabama
California
Florida
Louisiana
Mississippi
Florida’s Home Insurance Market Sees Potential Stability with Increased Focus on Property Hardening
Exploring the evolving landscape of Florida's home insurance market, highlighting the critical role of property hardening in mitigating hurricane damage.
December 22, 2023
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Hurricane Idalia Shifts Insurance Dynamics in the Southeast US
Hurricane Idalia's devastation in Florida and beyond underscores the escalating challenges for insurers in a climate-affected world, demanding innovative adaptation.
December 18, 2023
Catastrophe
Property
Risk Management
Technology
Florida
Georgia
North Carolina
South Carolina
