What the Basquiat Forgeries Teach About Art Insurance for Homeowners

The $19.7 million Basquiat forgery case highlights the importance of proper appraisals and tailored insurance coverage for art and collectibles, even for homeowners.
January 20 Insurance Industry Litigation Property Risk Management Florida

Rising Risks in Homeowners Insurance Demand Swift Action

The accelerating impacts of climate change, coupled with slow government response and human reluctance to prepare, are driving a homeowners insurance crisis in wildfire-prone states like California.
January 14 Catastrophe Legislation & Regulation Property Risk Management California Colorado Florida Hawaii Louisiana

Florida Couple Accused of Running $11 Million Insurance Fraud Scheme via Unauthorized Dental Practices

A Florida couple allegedly orchestrated an $11 million insurance fraud scheme through unauthorized dental practices, deceiving patients and insurers to fund a luxury lifestyle.
January 7 Fraud Insurance Industry Legislation & Regulation Risk Management Florida

Florida Condo Owners Brace for Higher Costs Amid New Safety Rules

Florida’s condo owners confront rising fees due to stricter safety laws aimed at preventing disasters like the 2021 Surfside collapse, with inspections, reserve funding, and insurance costs at the forefront.
January 6 Insurance Industry Legislation & Regulation Property Risk Management Florida

Florida Court Clears Uber of Liability in Driver’s Fatal Accident

A Florida appeals court ruled that Uber is not responsible for a wrongful death claim, as the driver involved in the fatal accident was off duty and logged out of the Uber app.
January 3 Insurance Industry Legislation & Regulation Liability Litigation Florida

Rising Home Insurance Nonrenewals Reshape Housing Market Across the U.S.

As climate-driven disasters increase, nonrenewed home insurance policies are surging nationwide, impacting property values, mortgages, and economic stability in vulnerable communities.
December 30, 2024 Catastrophe Legislation & Regulation Property Risk Management Alabama California Colorado Connecticut Florida

Florida Insurers Expanding Product Lines as Market Dynamics Shift

Amelia Underwriters and Security First Insurance introduce new insurance products, targeting homeowners and businesses, signaling cautious growth in Florida’s evolving market.
December 30, 2024 Insurance Industry Legislation & Regulation Liability Property Florida

Minnesota Secures $300K Settlement with Florida Firm Over Worker Misclassification

A Florida company, accused of misclassifying Minnesota workers, settles for $300,000 and halts operations in the state, addressing worker misclassification and lost benefits.
December 26, 2024 Fraud Insurance Industry Legislation & Regulation Workers' Compensation Florida Minnesota

Florida Man Accused of Hurricane Irma Insurance Fraud

A man from Coral Springs, Florida, is under investigation for insurance fraud after allegedly filing a false claim for Hurricane Irma damages, with encouragement from their public adjuster.
December 26, 2024 Fraud Insurance Industry Litigation Property Florida

Catastrophe Bonds Drive Market Growth to Record $50 Billion

Catastrophe bonds reached a record $17.7 billion in issuance for 2024, as insurers turn to private investors to manage growing climate-related risks and rising rebuilding costs.
December 26, 2024 Catastrophe Insurance Industry Property Risk Management Florida

Is 3D Printing Transforming Construction?

Innovative 3D printing technology is reshaping residential and commercial construction, offering faster, cost-effective, and sustainable solutions to address the housing shortage.
December 26, 2024 Litigation Property Risk Management Technology Florida Nevada Tennessee Texas

Boy Faces Open Heart Surgery After Drone Strikes During Orlando Holiday Event

A 7-year-old boy is recovering from open-heart surgery after being struck by a drone during a holiday show at Lake Eola in Orlando, prompting an FAA investigation into the incident.
December 23, 2024 Legislation & Regulation Liability Risk Management Technology Florida

South Florida Buildings Face Risks from Coastal Subsidence Hotspots

Recent satellite studies reveal ground sinking up to 8 cm in parts of Miami Beach, Sunny Isles Beach, and Surfside, potentially impacting structural stability of buildings.
December 19, 2024 Legislation & Regulation Property Risk Management Technology Florida

Senate Report Blames Climate Change for Insurance Challenges as Industry Pushes Back

The Senate Budget Committee attributes rising non-renewal rates to climate change, but insurance experts highlight other drivers like inflation, litigation, and overbuilding.
December 19, 2024 Catastrophe Legislation & Regulation Property Risk Management California Florida Hawaii Louisiana Massachusetts

Florida Unveils Elevation Program to Mitigate Flood Risks for Homes

Florida introduces the Elevate Florida program, offering grants and SBA loans to elevate flood-prone homes, aiming to reduce claims, lower insurance rates, and improve disaster resilience.
December 11, 2024 Catastrophe Insurance Industry Legislation & Regulation Property Florida
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