Content from William Rabb
Insurer Scores Court Victory Over Green Energy Tax Credits
An insurance company is entitled to generous tax credits even if the carrier did not invest directly in renewable energy projects, a North Carolina court has decided, striking down a $24 million tax ...
NHC Report Ranks Ian as Costliest Florida Hurricane, Shows Forecasting, Storm Surge
The National Hurricane Center's report on Hurricane Ian, posted Monday, six months after the storm hit southwest Florida, pegs Ian as the most expensive to hit the Sunshine State, causing twice as ...
Florida Regulators Now Reviewing Rate Hikes of 14%, 62% and 103%
Three Florida insurance carriers, one large and two small, are seeking approval for major rate increases, with one condominium policy increase as high as 103 percent. Citizens Property Insurance ...
‘Tender Your Limits’: Plaintiff Lawyers Step Up Demands As Fla. Reform Heads to Gov’s Desk
With the Florida Senate passing a take-no-prisoners tort-reform bill on Thursday, plaintiffs lawyers moved to file tens of thousands of lawsuits before the new restrictions kicked in yesterday. The ...
DeSantis Turns Heads With Comment That Citizens Insurance ‘Not Solvent’; Board Approves Cat Bond
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has "not been solvent" and may be unable to pay all claims ...
Florida Senate Committee Approves Tort-Reform Bill, but Changes Are Possible
A Florida bill that aims to further limit injury and insurance litigation and attorney fees passed a state Senate committee Tuesday after heavy debate – but with few amendments at the opening day ...
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation
Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as part of a wind-down of the carrier, it was announced that UPC is ...
The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?
When aging water pumps in Jackson, Miss., were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers ...