Content from William Rabb
Micro-Captives Growing Like Weeds in Hard Florida Market
Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, ...
U.S. High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S. Supreme Court let stand a lower court's ruling which could force Argo ...
Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens
A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state ...
Context Matters: Mailing Letter Sufficient Cancel Notice, Court Says
Simply mailing a cancellation notice to a policyholder, when viewed in the context of other indicators, was enough to comply with state law and void a homeowner's insurance policy just weeks before a ...
W. Va. Commish to Destroy Older Workers Comp Files, Citing Cyber Risk
The West Virginia insurance commissioner's office has adopted a new policy: It will soon begin destroying workers compensation claim files that are 10 years old or older. "Given increasing ...
Insurer’s Lack of Repairs Caused Woman’s Death After Ian: Florida Lawsuit
Just as another hurricane hit Florida, the child of a central Florida woman is litigating a claim from a previous storm—Hurricane Ian in 2022. This time, though, the plaintiff claims not only ...
With American Mobile Out, Agents Say Florida Mobile Home Insurance Falling Apart
Reinsurance in Florida's long-stressed property insurance market was supposed to have stabilized this year—with only moderate rate increases and more availability. But those calmer waters ...
Hurricane Could Blow Through Florida Cat Fund’s Reserves. But That May Be OK, Report Says
A report from Moody's Ratings service contends that one good hurricane this year could wipe out the Florida Cat Fund's reserves, potentially forcing it to place a small surcharge on Florida insurance ...