Former National Football League player Sharrif K. Floyd, whose career ended after knee surgery, sued a Sompo International Holding Co. unit, a The Doctors Co. unit, Marsh USA Inc. and USI Insurance Services LLC, charging a $10 million shortfall in insurance proceeds.

Bad news for one insurance company. After failing for nearly 400 days to tender its policy limit of $250,000 in coverage, according to plaintiff counsel, an insurance company took an $8.5 million hit to its bottom line to settle a lawsuit involving a catastrophic injury after a wild series of events.

As of yesterday, the National Flood Insurance Program (NFIP) had paid USD 2.2 billion in claims for Hurricane Ian, which made landfall in Florida as a major Category 4 storm in September 2022, an increase of almost 28% from the figure reported by the US Federal Emergency Management Agency (FEMA) on January 9th, 2023.

In First Mercury Insurance Co. v. First Florida Building Corporation, 20-cv-1929 (M.D. Fla Jan. 3, 2023), the court rejected an insurer’s bid to have evidence considered outside the underlying complaint concerning the claimant’s employment status to determine the duty to defend. This underlying suit involves a personal injury claim where the claimant sustained severe injuries while working at a construction site.

Parametric flood insurer FloodFlash has announced that it has entered into the US insurance market.

Hurricane Ian, which thrashed Florida and the Carolinas last year, has claimed the No. 3 spot in the list of 10 most expensive hurricanes in U.S. history, according to a new report from the National Centers for Environmental Information.

Florida’s insurer of last resort, Citizens Property Insurance Corps., predicts to hit a record with nearly 2 million policyholders by the end of 2023, citing ‘continued instability’ in the state’s insurance market.

More than 1.3% of the adult population in the U.S. was displaced by natural disasters in the past year, with hurricanes responsible for more than half of the forced relocations, according to first-of-its-kind survey results from the U.S. Census Bureau.

A federal judge recently told 3M that it may not use ‘bad faith manipulation’ to avoid its responsibility in a slew of cases against the multinational conglomerate for its allegedly defective earplugs.

Several adjusters recently told Florida’s House Commerce Committee that insurance carriers changed their estimates on damaged houses, which the committee chairman said should be investigated by the state attorney general since that’s an accusation of fraud.

On December 16, 2022, Florida’s Governor signed Senate Bill 2A into law, bringing a number of changes to Florida’s insurance litigation landscape.

Florida Gov. Ron DeSantis on Friday signed legislation providing hurricane relief assistance and moving to shore up the state’s property insurance market in the wake of Hurricanes Ian and Nicole this year.

While the ‘25% rule’ has been in the Florida Building Code (FBC) for many years, recent legislative changes, specifically within Senate Bill 4-D (2022), have clarified and/or changed the way this specific code section on existing roofing is to be applied.

Florida’s insurance commissioner submitted his letter of resignation Thursday, a day after the Legislature made major changes to the state’s troubled property insurance market.

Florida’s property insurance reform bill has now been passed by the state Senate in a 27 to 13 vote that was along mostly party lines.