William B. Collum | Butler Weihmuller Katz Craig Having been called back to the capitol by Florida’s governor for a special session to address issues within the property insurance market, the Florida Legislature passed two property insurance bills, SB 2-D and SB 4-D, both of which were signed by the Governor on May 26, 2022.… Continue reading What You Need To Know About Recent Changes To Florida Property Insurance Law Affecting Admitted And Surplus Lines Insurers
Tag: insurance
Tools & Talent: Insurers Need Both in Claims
Richared Vonesh | Property Casualty 360 Striking a balance between tech tools and human skills will require more strategic thinking around claims operations. When property & casualty insurers peer into the future of claims operations, most envision digital technologies playing a dominant role. Although digital transformation is occurring and necessary in claims departments, there will always… Continue reading Tools & Talent: Insurers Need Both in Claims
The Requirement to Post Collateral Under General Agreement of Indemnity is Real
David Adelstein | Florida Construction Legal Updates In prior postings, I have discussed the all-powerful General Agreement of Indemnity (click here and here). This is the document a bond-principal executes to obtain bonds (e.g., performance and payment bonds). Not only does the bond-principal execute this General Agreement of Indemnity, but typically, so do other indemnitors such as the company’s principals… Continue reading The Requirement to Post Collateral Under General Agreement of Indemnity is Real
Surfside Condo Families and Survivors Reach $1B Settlement with Insurers, Others
Insurance Journal Families of the 98 victims of the 2021 condominium collapse near Miami Beach, along with injured survivors, could split hundreds of millions of dollars in payouts under a preliminary settlement agreement announced Wednesday. The settlement will top $997 million, the plaintiffs’ lawyer said in Miami-Dade Circuit Court, according to reports in the Miami… Continue reading Surfside Condo Families and Survivors Reach $1B Settlement with Insurers, Others
Insurers Can Sue One Another for Defense Costs on Equitable Indemnity and Equitable Contribution Basis
Garret Murai | California Construction Law Blog Since I don’t do insurance defense work, fights between insurers isn’t something I have to deal with. It’s good sport nonetheless. In the next case, Travelers v. Navigators Specialty Insurance Company, Case No. D078852 (October 15, 2021), three of the biggies – Travelers, Navigators and Mt. Hawley – got… Continue reading Insurers Can Sue One Another for Defense Costs on Equitable Indemnity and Equitable Contribution Basis