Editor’s Picks

Florida’s Heritage Insurance Reports 5,400 Claims, $57M in Cat Losses From Milton

More loss and claims estimates are trickling in from carriers after Hurricane Milton caused widespread wind and flood damage in Florida this month. Tampa-based Heritage Insurance Holdings said in a preliminary statement that about two weeks after Milton made landfall …

McDonald’s Is Racing to Contain Fallout From E. Coli Outbreak

McDonald’s Corp. is trying to contain the fallout from a severe E. coli outbreak that appears to be linked to the slivered onions in its popular Quarter Pounder sandwiches. The U.S. Centers for Disease Control and Prevention on Tuesday announced …

Appeals Court Says Experts Must Show Causal Relationship in BP Oil Workers’ Suits

A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In …

Claims from Hurricane Milton Continue to Rise in Florida — 221K and Counting

Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had reported more than 221,582 …

People’s Trust Managed Repair Clause Survives Another Florida Legal Challenge

After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the coffin …

Worker Injured While Drunk on the Job Wins Claim Approval

A worker injured when he fell from a ladder is entitled to workers’ compensation benefits despite the fact he was intoxicated at the time of the accident. An appellate court in New York has upheld a decision of the Workers’ …

CoreLogic: Insured Wind and Flood Losses from Milton $17B to $28B, Property Restoration Difficult

Estimates released on Wednesday from CoreLogic show that insured wind and flood losses from Hurricane Milton are expected to be between $17 billion and $28 billion. CoreLogic’s estimate comes as Moody’s RMS Event response updated its estimate, which shows total …

HCI Group Expects to Pay $600M to $750M in Claims from Recent Hurricanes

Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance reciprocal, is one of the first Florida insurers to report estimated losses after recent hurricanes. HCI said in a statement …

Progressive to Pay Policy Limits in Fatal Boat Crash That Involved Murdaugh’s Son

Progressive Insurance will pay $500,000, the policy limits, to the family of a young woman killed in a 2019 boat crash involving Alex Murdaugh’s youngest son, essentially ending the family’s legal actions in the tragedy. Progressive, which insured the boat …

Milton’s 152,180 Claims So Far to Mean New Pressure on Reinsurance, Rate Hikes

Property Insurance claims from Hurricane Milton had topped more than 152,180 by Monday, with some $1.9 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which made landfall in Florida two weeks earlier, …

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