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Florida Case Study Shows Benefits of Hurricane Adaptation Efforts

Florida Case Study Shows Benefits of Hurricane Adaptation Efforts

A recent case study by Moody's reveals that in locations like South Florida, meeting or surpassing evolving building codes can slash home damage costs almost tenfold.
October 24, 2023 Catastrophe Insurance Industry Legislation & Regulation Property Risk Management Florida

HoneyQuote Partners with First Connect to Give Agents Access to the Florida Insurance Market

HoneyQuote Partners with First Connect to Give Agents Access to the Florida Insurance Market

HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida.
October 23, 2023 Insurance Industry Property Technology Underwriting Florida

Less Red Ink in Florida, Two New Insurers, and Citizens Wants Commercial Take-outs

Less Red Ink in Florida, Two New Insurers, and Citizens Wants Commercial Take-outs

Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance companies are preparing to enter the Florida market.
October 11, 2023 Insurance Industry Legislation & Regulation Litigation Property Florida

Florida Adjuster Arrested for $11M Fraud Scheme

Florida Adjuster Arrested for $11M Fraud Scheme

A Florida insurance claims adjuster was arrested late last month for allegedly running an $11.6 million auto insurance fraud scheme since December 2018, according to the Florida Department of Financial Services (DFS).
October 5, 2023 Fraud Florida

The Threat of Tornadoes and Severe Weather Rises in the South

The Threat of Tornadoes and Severe Weather Rises in the South

Portions of the South are facing the increased threat of severe weather and tornadoes this time of year. We are in the period known as the 'second tornado season' for many residents in the south. The American Property Casualty Insurance Association (APCIA) urges residents, particularly across the South and southern Plains to stay vigilant.
October 5, 2023 Catastrophe Education & Training Property Risk Management Alabama Arkansas Florida Georgia Kansas

Woman Faces Fraud Charges After Racking Up More Than $1.5M in Fake Claims

Woman Faces Fraud Charges After Racking Up More Than $1.5M in Fake Claims

Ms. Conaway's first fraudulent invoice claimed she was hospitalized in Arizona and she received just over $10,000 in payment from the insurance company. After this apparent success, Ms. Conaway went on to file claims using forged invoices for hospitalizations in Florida and California.
October 5, 2023 Fraud Arizona California Florida

Property Insurers’ Exodus Presents Challenges and Opportunities

Property Insurers’ Exodus Presents Challenges and Opportunities

The exodus of some insurers from states badly affected by catastrophic climate-related events represents an opportunity for the carriers that remain, but comes with a need to understand the potential effect it has on customer perceptions, according to the J.D. Power 2023 U.S. Home Insurance Study.
October 4, 2023 Catastrophe Property Risk Management California Florida Louisiana

Disney ride caused serious ’gynecologic injuries’ for woman after waterslide ’wedgie’ during 30th birthday celebration

Disney ride caused serious ’gynecologic injuries’ for woman after waterslide ’wedgie’ during 30th birthday celebration

A woman says that a trip down a waterslide at a Disney World theme park ended in injuries serious enough to require surgery.
October 2, 2023 Liability Litigation Weird Florida

Florida Insurance Adjusters and Contractor Arrested in $57K Fraud Scheme Targeting Elderly Victim

Florida Insurance Adjusters and Contractor Arrested in $57K Fraud Scheme Targeting Elderly Victim

Four individuals, including two licensed public insurance adjusters, one unlicensed insurance adjuster, and a mold contractor, have been arrested on multiple felony charges for their alleged involvement in a scheme to defraud a 94-year-old woman and Citizens Insurance.
September 26, 2023 Fraud Property Florida

It’s Not an "Insurance Crisis" -- It’s a Risk Crisis

It’s Not an "Insurance Crisis" -- It’s a Risk Crisis

Ten states -- Louisiana, Florida, Idaho, Kentucky, Mississippi, Montana, North Dakota, South Carolina, Texas, and Virginia -- as well as additional plaintiffs, are suing the Federal Emergency Management Agency (FEMA) over its new methodology for pricing flood insurance, Risk Rating 2.0.
September 21, 2023 Legislation & Regulation Property Florida Idaho Kentucky Louisiana Mississippi

Climate Change’s Toll on Homeowners and Insurance

Climate Change’s Toll on Homeowners and Insurance

Millions of American homeowners are confronting a growing financial dilemma as climate change-driven wildfires and floods push their home insurance rates to unprecedented levels. The situation is compounded when insurers decide to withdraw coverage.
September 21, 2023 Insurance Industry Property California Florida Kentucky Louisiana South Dakota

Rising Florida Home Insurance Costs Drive Residents Toward Self-Insurance

Rising Florida Home Insurance Costs Drive Residents Toward Self-Insurance

A recent survey conducted by the Insurance Information Institute has shed light on a growing trend among Florida homeowners. As insurance premiums continue to soar in the state, more and more residents are choosing to self-insure their homes.
September 18, 2023 Property Florida

Florida Flooding Leaves Homeowners with NFIP Questions

Florida Flooding Leaves Homeowners with NFIP Questions

Tina Baker has lived in her Shore Acres neighborhood in St. Petersburg for more than four years. She's watched as her neighbors homes have flooded several times during that period, but her home has never flooded, while she's been there, until Hurricane Idalia.
September 14, 2023 Property Florida

Hurricane Idalia: Damage Estimates, Unique Storms, and Lessons Learned

Hurricane Idalia: Damage Estimates, Unique Storms, and Lessons Learned

The state of Florida will experience hurricanes. That is a reality that residents, government, businesses, and the insurance industry understands.
September 14, 2023 Property Florida

States Urge Judge to Reject Dismissal Motion in Flood Insurance Lawsuit

States Urge Judge to Reject Dismissal Motion in Flood Insurance Lawsuit

Florida and other states are trying to fend off an attempt by the Biden administration to end a lawsuit challenging changes to the National Flood Insurance Program that have led to higher premiums for many property owners.
September 8, 2023 Legislation & Regulation Litigation Florida Idaho Kentucky Louisiana Mississippi
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