Content from William Rabb
Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance
Seeing no action on bills that would address Florida's spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers' payments to the ...
World’s First Crypto Mortgage? Homeowners Insurers Don’t Hate It
If homeowners insurance carriers weren't facing enough issues this year, here's one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives ...
Florida Power & Light Class Action Opens Door to Subrogation, Future Storm Claims
A Miami judge's certification of a lawsuit against Florida's largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane ...
Comma-tose: Coverage Case Hinged on Punctuation Question
Coverage disputes often hinge on the exact wording of an insurance policy. In a case in federal court in South Florida, the issue came down to not only the wording but the punctuation — namely, a ...
Does Workers Comp System Do Harm? Employers Seek Ways to Curb Lawsuits
Employers may be warming up to the idea that fighting some workers compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers ...
Florida’s Citizens Seeks Maximum Rate Hike for Homeowners
The board of governors for Citizens Property Insurance Corp., Florida's state-backed insurer of last resort, wants the maximum allowed rate increased – 11 percent for next year and 12 percent for ...
Tornadoes That Ripped Across Central U.S. Could Be Costliest Outbreak on Record
A group of tornadoes that tore across the central U.S. on Dec. 10 and 11 resulted in widespread damage in several states and could serve as the nation's costliest tornado outbreak on record. "Based ...
Insurers Taking Note of Big Verdicts, But Trial Lawyers Don’t Expect Big Changes
When CVS Pharmacies announced that it was closing 900 stores around the country just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, some saw ...