Chief Financial Officer Jeff Atwater on Thursday announced the arrest of a Miami man on charges that he posed as a licensed public adjuster to defraud Citizens Property Insurance Corp. of nearly $100,000 in inflated insurance claims. Read more from Florida Politics here
Insurance companies, for the most part, have been responsive to customers affected by two hurricanes that caused hundreds of millions of dollars in damage in Florida this year, state officials said Friday during a roundtable discussion with industry executives. Read more from News4Jax here
News reports mainly focused on coastal communities devastated by Hurricane Matthew. Read more from the St. Augustine Record here
Volusia County continues to have the highest number of Hurricane Matthew-related insurance claims in the state, with Flagler County ranking fifth. Read more from the Daytona Beach News-Journal here
Cracking down on shady contractors and attorneys is the Florida Office of Insurance Regulation’s top priority for the 2017 legislative session, but officials made clear Wednesday they intend to protect consumers’ rights in drafting their proposals. Read more from Florida Politics here
It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just beginning. With flood waters still rising in North Carolina, the industry is expecting to feel the effects of the storm for [...]
The economic toll for Hurricane Matthew's sideswipe on Florida's Atlantic coast and into the Carolinas will rise into the billions of dollars, with storm surge wreaking the most havoc and the tourism and agriculture industries hit hardest. Read more from the Tampa Bay Times here
Hurricane Matthew could be the first major test of claims-handling capabilities by numerous young insurance companies created since the 2004-05 run of hurricanes that ended with Wilma. Read more from the Sun-Sentinel here
State-backed Citizens Property Insurance will continue pushing lawmakers next year to approve changes that would address the increasing number of water-damage claims. Read the entire article here
The 11-year hurricane drought in Florida is officially over. While preliminary damage estimates and claims are still trickling in from Hurricane Hermine, Florida’s first named hurricane since 2005, the consensus from the insurance industry is it could have been a lot worse. Read the entire article from Insurance Journal here