State-owned Citizens Property Insurance Co. is once again seeking to increase annual rates by about 10 percent — the maximum allowable by state law — while blaming “skyrocketing nonweather related water loss claims in South Florida.” Yet according to Citizens’ …

TALLAHASSEE, FL June 18, 2018 — Law firm Colodny Fass is proud to announce that three of their attorneys — Mike Colodny, Joel Fass and Maria Abate — were selected to the 2018 list of Florida Super Lawyers. All three …

Claims for damage caused by Hurricane Irma in Florida are closing in on the $10 billion mark. Nearly 1 million Florida property owners have filed claims for insured losses from Irma, which barreled through the state nine months ago, according …

If you’re looking for new reimbursement manuals that detail changes in Florida’s medical fee schedules, don’t bother, the Florida Division of Workers’ Compensation said this week. The Legislature this year failed to approve the new fee schedules, so the current …

Ride-sharing passengers will be able to buy accident and death coverage in smartphone app.  Chubb Ltd. has teamed with a technology startup to sell insurance to passengers of ride-hailing services like Uber Technologies Inc. to cover medical and other costs …

The Federal Reserve hikes interest rates by a quarter-point and signals two additional hikes this year and three in 2019. Winner: The insurance industry. After many years of a near-zero Federal Funds Rate, the lid is off and insurers will …

By Wes Strickland In its 2018 session the Florida Legislature passed a bill (CS/CS/HB 483) that expands the types and value of advertising and promotional gifts that insurers and agents may give to insureds and prospective insureds. The legislation was …

Florida employers will save nearly $20 million in workers’ compensation premiums next year because of “sound financial management” of the state’s two compensation trust funds, Chief Financial Officer Jimmy Patronis said Wednesday. “Just last month, we announced that a 1.8 …

Lobbyists representing clients before the state-backed Citizens Property Insurance Corporation will soon have to disclose their efforts publicly. Citizens President and CEO Barry Gilway told Chief Financial Officer Jimmy Patronis at a Wednesday Cabinet meeting that a new lobbying disclosure …

Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017.  More than 90 percent of those lawsuits originated in South …