Update: How Loggerhead Moved to Snap Up 110,000+ Progressive Policies in Florida January 9, 2024 By William Rabb In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a...
After Raising Premiums, Shedding Policies, Heritage Reports a Smaller Net Loss for Q3 November 6, 2023 By Insurance Journal Staff Reports Heritage Insurance Holdings, parent company of Florida’s 10th-largest property insurance company, reported a net loss of $7.4 million for the...
Home Insurance as a Work Benefit? Recoop Says It’s Bringing it to Florida and All States August 28, 2023 By William Rabb Health insurance. Dental insurance. Accidental death and dismemberment. Why not homeowners insurance as an employee benefit? That’s exactly what Darren...
TypTap Insurance President Talks About Insurtech’s First Profit, Future May 19, 2023 By William Rabb When HCI Group’s TypTap Insurance launched in 2016, it created a buzz in the industry and some skepticism, due to...
Florida Gov. DeSantis Signs Bill Seeking to Stabilize Insurance Market December 19, 2022 By Brendan Farrington Florida Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to...
Nicole’s Insured Losses Less Than $1B, but Some Florida Homes Washed Into the Sea November 14, 2022 By Staff and Wire Reports Insured losses from Hurricane Nicole, a category 1 storm that came ashore on Florida’s east coast last week, will be...
AM Best: Florida’s Property Insurance Market Hit 5-Year Financial Low in 2020 May 27, 2021 AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and...
Florida Legislature Passes Major Changes to Auto, Property Insurance Markets April 30, 2021 By Amy O'Connor Florida lawmakers passed two bills on the last day of their 2021 legislative session that make major changes to the...
Court Orders Liquidation of American Capital; Policies to Cancel May 14 April 22, 2021 Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed...
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S. April 14, 2021 By Amy O'Connor New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers....