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Category: Regulatory / Legal

Regulatory / Legal


Financial, Regulatory / Legal, Risk Management

“Significant increase” in litigated Florida claims in Q1: United (UPC)

April 19, 2021

Via: Artemis BM

The litigation issue and resulting loss inflation and amplification continues for Florida homeowners’ insurers, with the latest report from United Insurance Holdings (UPC Insurance) suggesting that the issue is worsening in 2021. United (UPC) reported on Friday that it has […]


Regulatory / Legal

Texas Supreme Court Sides with Insure on Mold-Related Policy Changes

April 14, 2021

Via: Insurance Journal

The Texas Supreme Court on April 9 reversed lower court rulings and found that Farmers Insurance was within its rights when it decided 19 years ago not to renew homeowners’ policies that it feared would have forced it to cover […]


Regulatory / Legal

Is It Covered?: A Flood of Uncovered Claims

April 6, 2021

Via: Insurance Journal

On a recent insurance social media page, an agent was looking for a market for a $2 million home that had experienced a $540,000 plumbing leak claim and the carrier had nonrenewed. A few weeks earlier, another agent had been […]


Regulatory / Legal

Former California Agent Arraigned After Allegedly Stealing from Client

March 31, 2021

Via: Insurance Journal

Formerly licensed insurance agent, Mandy Pruitt, 42, of Visalia, Calif., was arraigned today on one count of grand theft after she allegedly stole more than $4,400 from a client and used the money to pay for personal expenses. The alleged […]


Regulatory / Legal

Utah Passes Law Requiring Pilot Insurance Following Plan Crash

March 29, 2021

Via: Insurance Journal

The lawsuit from a 2017 crash of an airplane on 1900 West in Roy lingers on, more than three years after it was filed. The pilot, apparently, was not insured, leaving Samantha Sandoval – hit in her car in the […]


Regulatory / Legal

Florida considers bill to control insurance litigation costs

March 26, 2021

Via: Insurance Business

A bill that addresses the drivers of litigation cost in the property insurance market has passed the Florida Senate Rules Committee and will now head to the Senate floor. Florida Senate Bill 76 includes provisions designed to reduce the cost […]


Regulatory / Legal

Man faces up to 10 years in prison for water damage insurance fraud

March 25, 2021

Via: Insurance Business

A Houston man could face a federal prison sentence of up to 10 years after pleading guilty to insurance fraud. Earlier this week, Robert Lance Kuperman pleaded guilty to interstate transportation of money by fraud in the Eastern District of […]


Regulatory / Legal

Federal pandemic insurance backstop unlikely: Congressman

March 24, 2021

Via: Business Insurance

Rep. Emanuel Cleaver, D-Missouri, chair of the House Financial Services Subcommittee on Housing, Community Development and Insurance on Wednesday played down the likelihood of a government backstop for pandemic risk. “It’s going to be very difficult for me to get […]


Regulatory / Legal

California AG Challenges Housing Plans in Wildfire Areas

March 19, 2021

Via: Claims Journal

SACRAMENTO, Calif. (AP) — California’s attorney general is challenging some of the state’s largest suburban development projects as local officials weigh the risk of increasingly devastating wildfires against the state’s dire need for more housing. Attorney General Xavier Becerra on […]


Regulatory / Legal

North Carolina Man Charged with Insurance Fraud in Wreck Scheme

March 18, 2021

Via: Insurance Journal

A North Carolina man was arrested in connection with an insurance fraud scheme involving roadside cleanup after a car crash, insurance officials said. A news release from the Department of Insurance said Garrett Scarlette, 26, of Thomasville, was charged with […]