Content from William Rabb
Georgia Insurance Commissioner Slams Allstate’s 25% Auto Rate Increase
The Georgia insurance commissioner is publicly shaming one of the country's largest auto insurers after the carrier announced an average 25 percent rate increase in the state. "I am angry and ...
Forged Signatures, Fake Policies? Lawsuits Raise Questions About Captive Plan
The owners of one of the oldest insurance agencies in Texas must have felt pretty surprised when they were named in a federal lawsuit brought by an AIG company, alleging the agency was part of an ...
Florida Regulators Unveil Ratings Crisis Solution: Let Citizens Reinsure Carriers
Florida's insurance commissioner announced Wednesday that his office has found an "unprecedented solution" to the looming property insurer rating crisis — let Citizens Property Insurance Corp. ...
Overdue or Overboard? Florida Divided on Demotech’s Planned Downgrades
The property insurance community has divided into two camps after the firestorm that erupted over the potential financial rating downgrades for 17 Florida insurance carriers. One camp argues that the ...
Florida Regulators, FAIA Slam Demotech for Reported Plans to Downgrade 17 Carriers
Florida's top insurance regulators and the Florida Association of Insurance Agents on Thursday blasted the Demotech financial rating firm after the organization reportedly notified 17 insurers that ...
Florida’s UPC Insurance Exploring Sale or Merger
United Insurance Holdings Corp., parent company of one of Florida's largest property insurers—and one that has seen heavy losses in the last two years—announced that its board of directors is now ...
Latest Target in Florida Claims: Cast Iron Drainpipes
A decade ago, it was questionable sinkhole damages that proliferated in Florida property insurance claims. More recently, "free roof" solicitations, roof claims and thousands of lawsuits have rattled ...
Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurer and self-insured companies' liabilities for black-lung occupational disease claims have ...