Most property insurance policies contain 'Concealment or Fraud' provisions. As the name suggests, these provisions penalize claimants for material misrepresentations or concealment by releasing insurers from payment obligations, regardless of whether relevant claims would otherwise be covered.

Two of the worst U.S. floods in 2022 ravaged homes, destroyed businesses and forced residents to evacuate for weeks. But homeowners in Florida and Kentucky are getting wildly different payments from a federal flood insurance program crucial to rebuilding and recovery.

The future insurability of Florida hurricanes is in question because of storm severity, the state's storm-exposed coastal topography and development patterns, and Florida's high-cost legal environment. These factors combine to make coverage for hurricane risks in Florida the most expensive in the country.

More than $950 million in lightning-caused U.S. homeowners insurance claims were paid out in 2022 to 62,000-plus policyholders, with $125 million of the total attributable to California alone, according to the Insurance Information Institute (Triple-I.).

Floods pose a severe threat to communities across the United States, causing extensive property damage and potential risks to human life. Recognizing the importance of identifying flood-prone cities, Insurify developed a flood risk score, taking into account FEMA's risk scores for coastal and river flooding, population data, average home insurance premiums, and average home values.

The Florida Office of Insurance Regulation held a hearing in Tallahassee on whether to approve Citizens Property Insurance's recommended rate increase.

If approved, this means that those under the policy would see a statewide average rate increase of about 14%.

Anyone in Florida who has opened a home insurance bill in the last few years knows premiums have been skyrocketing. New estimates from a data analysis company shows they've actually been rising faster than in any other state -- a lot faster.

Many of the nation's disaster organizations are exposed to perilous financial risks at the start of hurricane season, jeopardizing efforts across much of the U.S. to recover from catastrophes.

The Florida Legislature has approved the "Insurer Accountability" Act, which is slated to come into effect on July 1, 2023. This new law introduces comprehensive insurance coverage and claims handling standards for insurance companies operating in the state. Moreover, it empowers the Office of Insurance Regulation (OIR) with expanded regulatory authority over the insurance industry.

Where an insured does not fulfill his or her contractual duty to provide prompt notice and an insurer claims it was prejudiced as a result, Florida courts apply a two-step analysis to determine the impact of the notice.

Florida's Chief Financial Officer made an announcement regarding the arrest of Kiyuana Pasley, a former claim adjuster for Progressive Insurance. Pasley faces serious charges including one count of Organized Fraud, 11 counts of Insurance Fraud, and 11 counts of Grand Theft.

Ten states and dozens of municipalities are suing the Biden administration over rate hikes in the National Flood Insurance Program. That program offers coverage in high-risk flood areas and is administered by FEMA, the Federal Emergency Management Agency.

On March 24, 2023, Florida passed a sweeping tort reform bill into law, making major changes to civil litigation in the state. In anticipation of the Governor signing the bill into law, the number of new cases initiated throughout the state in March 2023 was 280,122. Of that amount, 71,000 came from Miami-Dade County (Miami) and 53,000 from Hillsborough County (Tampa). These numbers are staggering.

In an effort to address the growing congestion of auto glass claim cases in Florida's courtrooms and potentially provide relief to policyholders, new legislation has been enacted to significantly curtail lawsuits related to windshield repairs. SB 1002 was signed into law by Governor Ron DeSantis on Thursday, effectively banning the use of assignment of benefits (AOB) in auto glass claims with immediate effect.

When Rod Buvens climbed to inspect the tile roof of the Estero home in 2019, he quickly found signs of damage.