Content from William Rabb
Rabb is Southeast Editor for Insurance Journal. He is a longtime newspaper man in the Deep South; also covered workers' comp insurance issues for a trade publication for a few years.
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking
Florida's insurance commissioner announced his office has approved four rate decreases on homeowner policies, averaging 7% and affecting 62,000 policies at renewal. And more rate cuts are on the ...
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In
Nick Kosiavelon, an insurance defense attorney in Massachusetts, tells the story about some plaintiffs' lawyers he faced off against in a recent brain-injury lawsuit. He said within an hour of seeing ...
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter's wealthy Palm ...
Flood Insurance Gap Will Squeeze Local Governments, Homeowners: Moody’s
The flood insurance gap in the United States is big and it's not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to ...
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market
The cost of a surplus-lines homeowners policy in Florida is now about the same as admitted-market HO policies, reflecting the growing trend for excess and surplus firms across the state and beyond, ...
For Carriers, AI Can Now Mean Hyper-Personalized Customer Service, Leaders Say
The future of property/casualty insurance is here and it looks a lot like … a devoted personal assistant for the policyholder, one that moves at lightning speed and never complains or takes a day ...
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
Did you hear that Florida's 55-year-old "no-fault" auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent ...
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit
Florida has the largest wind-mitigation grant program in the country, providing more than $300 million to homeowners over the last few years and resulting in insurance premium discounts for thousands ...