The underwriting performance of U.S. property/casualty (P/C) insurance commercial sector lines is poised ...
Progress of $2bn reinsurance fund proposal closely watched as renewal ...
Progress of $2bn reinsurance fund proposal closely watched as renewal deadline approaches | News | The Insurer
A proposal to create a $2bn reinsurance fund to sit below the Florida Hurricane Catastrophe Fund (FHCF) and give insurers access to hard-to-find low-layer limit is the me...
Article / 9 hours ago
Florida reform bills propose state reinsurance extension
Florida reform bills propose state reinsurance extension
Florida Senator Jim Boyd and Representative Jay Trumbull have submitted a wide-ranging Property Insurance Bill for debate at tomorrow’s special legislative session...
Article / 12 hours ago
Florida reform proposals hit several key industry targets
Florida reform proposals hit several key industry targets
Florida Senator Jim Boyd and Representative Jay Trumbull have submitted a wide-ranging Property Insurance Bill for debate at tomorrow’s special legislative session that hits on several key measures so...
Article / 21 hours ago
Insurer's Hurricane Payment Delay Was Bad Faith, HOA Says - Law360
Insurer's Hurricane Payment Delay Was Bad Faith, HOA Says - Law360
A Florida homeowners association accused its insurer of acting in bad faith by denying its hurricane damage claim for years before ultimately being required to pay nearly...
law360.com /
Article / 3 days ago
Florida insurance commissioner named in lawsuit - IB
Two insurers have also been named as defendants...
insurancebusinessmag.com /
Article / 4 days ago
Apartment Cos. Can't 'Gotcha' Insurers To Cover $54M Loss - Law360
Apartment Cos. Can't 'Gotcha' Insurers To Cover $54M Loss - Law360
A Georgia federal judge ruled Wednesday that HDI Global Specialty SE and National Union Fire Insurance don't have to pay $54 million in arbitration awards in a tenant dis...
law360.com /
Article / 4 days ago
Munich Re loses dispute over silica cleanup, damages - Business Insur...
Munich Re loses dispute over silica cleanup, damages - Business Insurance
A federal appeals court affirmed a lower court ruling in favor of an Iowa reinsurer in a dispute with a Munich Re unit over cleanup and property damages related to constr...
businessinsurance.com /
Article / 5 days ago
Fourth Circuit Holds Insurer’s Violation of North Carolina Unfair and ...
Fourth Circuit Holds Insurer’s Violation of North Carolina Unfair and Deceptive Trade Practices Act Warranted Trebling of Insured’s Breach of Contract Damages - JD Supra
On April 18, 2022, the Fourth Circuit Court of Appeals reviewed an insured’s claim against its own property insurer for violation of the North...
jdsupra.com /
Article / 6 days ago
4th Circ. Rejects Bid To Rehear Collapse Coverage Row - Law360
4th Circ. Rejects Bid To Rehear Collapse Coverage Row - Law360
The Fourth Circuit on Monday denied a Tokio Marine unit's request for a full panel rehearing of a previous ruling requiring the insurer to pay treble damages for improper...
law360.com /
Article / 6 days ago
Citizens Alleges Insurance Fraud, Settles with Law Firm - FR
Citizens Alleges Insurance Fraud, Settles with Law Firm - FR
Citizens, the Fla.-operated “insurer of last resort,” OK’d a $1M settlement with Coral Gables’ Strems Law Firm after alleging its actions pushed up insurance costs...
floridarealtors.org /
Article / 7 days ago