An insured must reside at their property to have coverage for damage to their home under an HO form policy. The defense arises out of the typical HO policy’s definition of “residence premises,” and the introductory clause in the building …
Federal and Florida law enforcement officials said Tuesday they are creating the nation’s first task force to tackle the growing problem of organized retail theft, which victimizes nearly every store nationwide and costs retailers some $30 billion in losses each …
Florida District Courts of Appeal recently have been very busy with cases involving the “prompt notice” provision in property insurance policies. When an insurer proves that the insured’s notice was late, courts will apply a presumption that the delay prejudiced …
Florida’s largest property insurer has approved another round of rate hikes that could affect more than a million policyholders. The board for Citizens Property Insurance Corp. voted Wednesday to raise rates by a statewide average of 7 percent next year. …
Florida’s largest property insurer is considering rate hikes for next year. The board of Citizens Property Insurance Corp. will vote next week on a range of proposed hikes. The state-created insurer has 1.26 million policyholders. State law requires Citizens to …
Citizens Property Insurance Corp.’s chief financial officer is stepping down. The state-created insurer announced the resignation of CFO Sharon Binnun on Monday. It said she will be taking a job with a private Florida insurer that hasn’t done business with …
Tropical Storm Andrea, the first of the 2013 Atlantic hurricane season, churned toward Florida with heavy rain and the potential for tornadoes. The system was 160 miles (257 kilometers) west of Tampa as of 8 a.m. East Coast time, with …
Florida Chief Financial Officer and State Fire Marshal Jeff Atwater, Marion County Sheriff Chris Blair and the Bureau of Alcohol, Tobacco, Firearms and Explosives announced multiple arrests in “Operation Christmas Tree,” an investigation into a series of residential structure fires …
Authorities in South Florida say 33 more people have been charged in a three-year crackdown on staged auto accidents used to defraud insurance companies out of millions of dollars. Miami U.S. Attorney Wifredo Ferrer said Thursday those charged included doctors, …
Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida is in the best financial shape it has been in years – maybe the best since …