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 …

The federal government, seeking to protect itself from the growing cost of natural disasters, is borrowing a technique from the private sector and buying reinsurance. The Federal Emergency Management Agency, which started purchasing reinsurance last year for the National Flood …

The assessment for the Workers’ Compensation Administration Trust Fund will drop, from 0.97% to 0.90%, for calendar year 2019, the seventh straight decrease, the Department of Financial Services announced in a bulletin. For insurance carriers, the assessment is based on net …

A restoration contractor company owner has been arrested over an alleged assignment of benefits (AOB) fraud scheme that impacted 19 homeowners in eight Florida counties and one Texas county, according to a statement from Florida Chief Financial Officer (CFO) Jimmy …

Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the newly growing area of non-physical threats? Panelists at the 2018 PLUS Cyber Symposium, held in May in Chicago, …