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Keys Property Owners File More Than 9,000 Windstorm Claims

Florida Keys homeowners have filed nearly 15 percent of the statewide Hurricane Irma windstorm claims filed with Citizens Property Insurance Corp., a state-backed agency.
December 4, 2017 Property Florida

Lloyd’s Of London’s Hurricane Payouts Reach $1.7B

The specialist Lloyd’s of London insurance and reinsurance marketplace has now paid out $1.7 billion in claims following hurricanes Harvey, Irma, and Maria.
December 4, 2017 Catastrophe Property Florida Texas

Insurers With Stockholders Pay Out Less To Florida Drivers

As car damage from 2017 storms in Florida and Texas threatens to set records, does it matter if your insurance company has to please stockholders and not just policyholders?
December 1, 2017 Auto Risk Management Florida

Horrific 2017 Atlantic Hurricane Season Ends With Many Still Reeling

The 2017 Atlantic hurricane season, which officially ends on Thursday, will go down as one of the most expensive in American history. The notorious storms of 2017 — hurricanes Harvey, Irma, and Maria — may have had innocuous names.
December 1, 2017 Catastrophe Property Florida Texas

Miami Homeowner Arrested Following Attempt To Steal $178,200 In Damage Claims

Chief Financial Officer (CFO) Jimmy Patronis and the Florida Department of Financial Services (DFS) announced today the recent arrest of Renee De La Maza for insurance fraud and grand theft following her attempt to file a damage claim against a new insurance policy after already receiving a $60,000 insurance payout from her former insurance provider for the same damages.
November 29, 2017 Fraud Property Florida

Target Employee Arrested For Black Friday Thefts

SARASOTA, Fla. (CBS12) — A Target employee is accused of stealing from her own cash register during the holiday shopping rush last week.
November 28, 2017 Fraud Florida

People’s Trust Insurance Sues Dozens Of Its Own Policyholders In Claims Disputes

Suddenly, People’s Trust Insurance is suing dozens of its own policyholders. The Deerfield Beach-based insurer, opening a new front in the long-running war over third-party claims assignments, has filed more than 80 lawsuits against customers it accuses of failing to comply with the requirements of their policies.
November 17, 2017 Litigation Property Florida

NICB Releases Annual Holiday Vehicle Theft Report

New data released today by the National Insurance Crime Bureau (NICB) shows a total of 22,705 vehicles were reported stolen on the 11 holidays in 2016 covered in this report. NICB theft data is pulled from the National Crime Information Center’s (NCIC) stolen vehicle file, which showed a total of 803,719 vehicle thefts for the year.
November 16, 2017 Auto California Florida Georgia Texas Washington

Bill Aimed At Reducing Insurance Claims Abuses Advances In Florida House

Attorneys fees would be more difficult for “bad actor” water restoration companies and their attorneys to collect from insurance companies under a bill advanced Tuesday by the state House Judiciary Committee.
November 15, 2017 Legislation & Regulation Litigation Property Florida

Lack Of Qualified Adjusters, Contractors Impedes Hurricane Irma Recovery

Two months after Hurricane Irma, reporting damages to insurance companies turned out to be the easiest part of the recovery process for many homeowners. Putting price tags on repairs and getting workers out to fix the most severely damaged properties is requiring a lot of patience.
November 13, 2017 Catastrophe Property Florida

Florida Couple Staged Home Invasion, Shot Themselves To Make Insurance Claim

A Deltona husband and wife’s story that they were shot during a home invasion was suspicious from the beginning and it fell apart when detectives learned the man and woman actually shot themselves with hopes of fraudulently collecting insurance money, Sheriff Mike Chitwood said.
November 9, 2017 Property Weird Florida

Florida’s Hurricane Irma Claims Reach $5.5 Billion

The price tag for damage from Hurricane Irma in Florida continues to grow. In the eight weeks since Irma rampaged through the state, the estimated insured losses from property owners now stands at $5.55 billion, according to an updated report Monday from the Florida Office of Insurance Regulation.
November 8, 2017 Catastrophe Property Florida

Roy Halladay, Ex-Major League Pitching Star, Dies In Plane Crash Off Florida

Retired Major League Baseball pitcher Roy Halladay, who twice won the game’s top pitching award and threw one of only two no-hitters in postseason history, died on Tuesday when his small plane crashed off the west coast of central Florida. He was 40.
November 8, 2017 Excess & Surplus Lines Florida

Underwriter Hiscox Revises Down Hurricane Claim Estimates

Lloyd’s of London underwriter Hiscox Ltd said it now estimates net claims for Hurricanes Harvey, Irma and Maria to total around $225 million, having previously estimated the same amount for Harvey and Irma alone.
November 7, 2017 Auto Catastrophe Property Florida Texas

South Florida Attorneys Plead Guilty To Auto, PIP Insurance Scheme

Two of six South Florida personal injury attorneys facing charges in a wide-ranging insurance fraud investigation have reached plea agreements and are cooperating with investigators.
November 7, 2017 Auto Fraud Liability Litigation Florida
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