Louisiana, Florida, and Michigan are the three least affordable states for personal auto insurance, according to a new report by the Insurance Research Council (IRC). The three most affordable states, IRC finds, are Hawaii, New Hampshire, and North Dakota.

St. Petersburg-based United Property & Casualty Insurance (United P&C) has filed plans to withdraw operations in Florida, Louisiana and Texas and intends to file a plan of withdrawal in New York, its parent company United Insurance Holdings Corp. (UPC) announced Thursday.

When Hurricane Andrew struck South Florida on Aug. 24, 1992, it became -- at the time -- the costliest and most damaging hurricane to ever hit the U.S. It destroyed 63,000 homes, stripping many down to their concrete foundations, and damaged 124,000 others.

It is no secret that Florida’s residential property insurance market has experienced a tumultuous past couple of years. Within the past two years alone, a myriad of Florida’s residential property insurance carriers have stopped writing or renewing policies within the state, have cancelled existing policies, or have requested steep rate increases in order to deal with the soaring litigation costs related to roof and wind damage claims.

The attorneys handling a $1.1 billion settlement for victims in the deadly collapse of a Miami condo say the settlement fund is inundated with fraudulent victims. A court filing written by Michael Goldberg, one of the attorneys in the case, identified 458 ‘presumptively fraudulent’ claimants out of 740 claims.

A Florida man who was killed in a traffic crash last month could be the 20th death in the U.S. caused by exploding Takata air bag inflators.

When a computed tomography (CT) scanner was destroyed as a result of two fires at a storage facility, claims were presented and suits filed against the warehouse, Blocker Storage. Associated paid its limit of liability and received a release from the insured for Associated and all of the related companies.

Weston Property & Casualty Insurance Co., a Miami-based insurer that was on the verge of financial collapse for weeks, has been taken over by Florida’s government.
The firm had 10,300 Louisiana policyholders who will now be directed to the state’s industry bailout program.

The latest monthly data from CaseGlide shows a resurgence in newly litigated property insurance claims at Florida’s largest P&C insurers, while the percentage of litigated claims related to the assignment of benefits (AOB) rose further.

According to the Florida Highway Patrol (FHP), the 2015 Model S in which a couple was traveling just exited to the Paynes Prairie Rest Area on I-75 at 1:58 PM on July 6. For reasons no one is able to explain so far, the EV drove toward a parked Walmart Freightliner Tractor Trailer and struck its rear.

CoreLogic has said that New York and Miami have the most homes at risk of storm surge damage, alongside the highest reconstruction cost value. According to the firm, its 2022 Hurricane Report shows that nearly 7.8m homes with more than $2.3tn in combined reconstruction cost value (RCV) are at risk of hurricane-related damages.

The state-backed Citizens Property Insurance Corp. was served with 3,881 lawsuits during the first four months of 2022, as its number of customers continued soaring.

White House officials met last week at Florida International University (FIU) to announce an initiative to help state and local governments adopt modern building codes and standards and help communities become more resilient to hurricanes, flooding, wildfires, and other extreme weather events.

Already this year, three Florida insurers have been declared insolvent due to their failure to obtain full reinsurance as the 2022 hurricane season bears down. ‘We have the potential of a massive failure of Florida insurers, probably the worst on record,’ says Triple-I communications director Mark Friedlander.

The first tropical threat of the hurricane season in Florida drenched the southern part of the state, leaving behind flooded streets, motorists calling for help from stranded cars and even a sewage overflow.