Florida

With Earnings Up and Rates Dropping, Big National Execs Celebrate Florida Reforms

Auto Insurance /
With Earnings Up and Rates Dropping, Big National Execs Celebrate Florida Reforms

During earnings conference calls last week leaders of two large personal lines insurers commented on affordability issues, highlighting the downward impact of Florida tort reforms on auto insurance prices. “At a time when voters are clearly voting with their pocketbooks, this is really a golden opportunity for other states,” said Tom Wilson, president and chief […]

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Small Plane on Hurricane Relief Mission to Jamaica Crashes in Florida Neighborhood

Life Insurance /
Small Plane on Hurricane Relief Mission to Jamaica Crashes in Florida Neighborhood

A small turboprop plane on a hurricane relief mission to Jamaica crashed Monday morning into a pond in a gated residential neighborhood of the Fort Lauderdale suburb of Coral Springs, killing two people shortly after takeoff and narrowly missing homes, authorities and a local resident said. The Coral Springs Police Department confirmed the deaths in

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Car Fleeing Police Slams Into a Florida Bar, Killing 4 and Injuring 11

Health Insurance /
Car Fleeing Police Slams Into a Florida Bar, Killing 4 and Injuring 11

A speeding car fleeing police slammed into a crowded bar early Saturday, killing four people and injuring 11 in a historic district of Tampa, Florida, that is known for its nightlife and tourists. An air patrol unit spotted the silver sedan driving recklessly on a freeway at about 12:40 a.m. after it was seen street

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As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits

Auto Insurance /
As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits

Florida insurers will no doubt remember the time more than two years ago when one of the largest plaintiffs’ law firms in the state gave notice that it was planning to file tens of thousands of claims lawsuits ahead of the 2023 tort-reform enactment. Georgia plaintiffs’ firms appear to have followed the same script in

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Progressive’s $950M in Florida Regurgitation to Mostly Be Credits in Renewals

Life Insurance /
Riverview, USA - October 4, 2021: Progressive insurance office headquarters entrance sign in Tampa, Florida the second largest campus in the country with nobody

Progressive’s insureds in Florida who held auto policies in 2023 and 2024, then switched to another carrier, may not qualify for a refund, despite a state law that measures excess profits over a three-year period. Progressive officials said that the profit-regurgitation laws, Florida Statutes 627.066 and 627.915, require refunds only for drivers with active policies

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The Secret Florida Spot Retirees Love for Tranquil and Budget-Friendly Living

Personal Finance /
The Secret Florida Spot Retirees Love for Tranquil and Budget-Friendly Living

Key Takeaways Sebring and surrounding Highlands County offer a lower cost of living than Florida’s larger cities and many other Sunbelt retirement destinations. Famous for its auto racing track, Sebring has numerous other attractions, including museums, art galleries, and a historic downtown. Outdoorsy types will enjoy its parks, lakes, and golf courses. Sebring’s county offers

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Florida Condo Collapse Probe Zeroes in on Pool Deck Flaws as Preliminary Cause

Auto Insurance /
Florida Condo Collapse Probe Zeroes in on Pool Deck Flaws as Preliminary Cause

Federal investigators have zeroed in on flaws in the pool deck as the preliminary cause of the 2021 collapse of a 12-story Florida beachfront condominium that killed 98 people. The National Institute of Standards and Technology said in a report that the Champlain Towers South pool deck began falling down at least seven minutes before

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SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida

Auto Insurance /
SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida

In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for Florida-based Olympus Insurance Co. At the same time, the parent company for SageSure’s carrier partners Auros and Interboro Insurance will take over Olympus Insurance Co., the companies said early Wednesday.

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Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?

Life Insurance /
Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?

In a wide-ranging scheme that prosecutors are calling “insurance farming,” a former manager for one of the larger agricultural operations in Florida is now awaiting a sentencing hearing in December. Christopher Lee, 49, from the Naples area, on Aug. 26 pleaded guilty to more than $1.1 million in crop insurance fraud, part of a federal

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