After Suspending New Business in Florida, Lighthouse Loses Financial Rating

The Demotech rating firm has withdrawn the financial stability rating for another Florida-admitted insurer, Lighthouse Property Insurance. It’s an ominous sign for the company and for Florida’s deteriorating property insurance market. “Despite a substantial capital contribution in the fourth quarter …

The Demotech rating firm has withdrawn the financial stability rating for another Florida-admitted insurer, Lighthouse Property Insurance. It’s an ominous sign for the company and for Florida’s deteriorating property insurance market. “Despite a substantial capital contribution in the fourth quarter …

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Southeast News, Florida, Lighthouse

Florida Archives – Insurance Journal

Investigators, Family Looking for Answers After Teen Fell from Florida Thrill Ride

State officials and the amusement ride company are investigating how a 14-year-old fell to his death from a free-fall amusement park ride that is 430-feet high, taller than the Statue of Liberty, in the heart of Orlando’s tourist district. Sheriff’s …

State officials and the amusement ride company are investigating how a 14-year-old fell to his death from a free-fall amusement park ride that is 430-feet high, taller than the Statue of Liberty, in the heart of Orlando’s tourist district. Sheriff’s …

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Southeast News, amusement park death, Florida

Florida Archives – Insurance Journal

TypTap CEO: Pause in Florida Writing was Planned; Growth Continues

The February news that five Florida-admitted property insurers had stopped writing new business in the state painted a picture of impending doom for the insurance market in the state. But officials with one of those companies, the relatively young TypTap …

The February news that five Florida-admitted property insurers had stopped writing new business in the state painted a picture of impending doom for the insurance market in the state. But officials with one of those companies, the relatively young TypTap …

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Southeast News, Florida, HCI, InsurTech, TypTap

Florida Archives – Insurance Journal

New Florida Litigation Fell 11% in February, but NOIs Keep Rising

After a sharp increase in January, the number of new litigated claims in Florida dropped 11% in February for Florida’s largest property insurers, according to CaseGlide, a litigation tracking service. The firm also is now tracking notices of intent to …

After a sharp increase in January, the number of new litigated claims in Florida dropped 11% in February for Florida’s largest property insurers, according to CaseGlide, a litigation tracking service. The firm also is now tracking notices of intent to …

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Southeast News, Florida, litigation, notice of intent to sue

Florida Archives – Insurance Journal

Florida Bridgetender Arrested After Woman Fell to Her Death from Drawbridge

The operator of a drawbridge where a woman fell to her death last month was arrested Thursday, five weeks after the incident, according to South Florida news reports. Artissua Lafay Paulk, 43, of Greenacres, was charged with manslaughter by culpable …

The operator of a drawbridge where a woman fell to her death last month was arrested Thursday, five weeks after the incident, according to South Florida news reports. Artissua Lafay Paulk, 43, of Greenacres, was charged with manslaughter by culpable …

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Southeast News, Bridge accident, Florida

Florida Archives – Insurance Journal

Lawsuits vs. Citizens Insurer Continue to Rise But Legal Fees and Payouts Dropping

A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad news Thursday, giving further insight into a big part of Florida’s insurance market. The bad news first: The number of …

A committee of the Citizens Property Insurance Corp. governing body produced some good news on litigated claims and some bad news Thursday, giving further insight into a big part of Florida’s insurance market. The bad news first: The number of …

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Southeast News, Citizens Property Insurance, Florida

Florida Archives – Insurance Journal

Florida Class Action Wants Answer: Must Insurer Pay Attorney Fees for Pre-Suit Notices?

Florida’s Senate Bill 76, signed into law last June, was supposed to help reduce insurance claims litigation by making policyholders give 10-day notice before they file suit. The idea was to give insurers a little more time to settle, re-inspect …

Florida’s Senate Bill 76, signed into law last June, was supposed to help reduce insurance claims litigation by making policyholders give 10-day notice before they file suit. The idea was to give insurers a little more time to settle, re-inspect …

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Southeast News, claims litigation, Florida

Florida Archives – Insurance Journal