Insurance Journal
JANUARY 27, 2025
Former RenaissanceRe executive Stephen Weinstein has launched a new Florida-domiciled insurance carrier, known as Mangrove Property Insurance, with plans to assume thousands of policies from Citizens Property Insurance Corp. Mangrove, with offices in Tallahassee, will be the 10th new insurer …
Insurance Journal
MARCH 19, 2025
After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …
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Insurance Journal
MARCH 19, 2025
Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …
Insurance Journal
FEBRUARY 23, 2025
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …
Property Insurance Coverage Law
SEPTEMBER 10, 2024
Losses from recent wildfires in California have led many insurance carriers to scale back, and some have completely ceased writing insurance in several California regions. For homeowners who have found themselves unable to find another company that will insure their property, the California FAIR Plan remains the only option.
Insurance Journal
SEPTEMBER 30, 2024
Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …
The Property Insurance Law Observer
JANUARY 23, 2025
Legal Implications: This decision is important because in cases where an insured/plaintiff does not have any evidence of repairing or replacing damaged property, insurance carriers can exclude any replacement cost evidence from trial which can further limit the amount that an insured/plaintiff can recover.
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