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Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials

Insurance Journal

As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …

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After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Insurance Journal

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

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Insurer Can’t Sue for Unjust Enrichment by Deceptive Insured, Appeals Court Says

Insurance Journal

A decision by a federal appeals court last week shows what limited options insurance carriers have when they discover major misrepresentation by the insured long after claims have been paid. 11th Circuit Court of Appeals last week found …

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11th Circuit Upholds $1.75M Verdict Against Church Mutual on Georgia Roof Claim

Insurance Journal

Its insurance carrier, Church Mutual Insurance, determined that the roof had only minor damage that could be repaired. Central Baptist Church of Albany, Georgia, suffered roof damage during a hailstorm in 2014. It offered $2,300 for the work. After the …

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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. What's more, our Insurance API equips insurance carriers with litigation records and comprehensive claims insights.

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Growing Fast, Going Public: Florida’s American Integrity Insurance Files for IPO

Insurance Journal

American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Group, founded in 2006, …

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Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Insurance Journal

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …