In a recent decision by the U.S. District Court for the Middle
District of Florida, Wood v. GeoVera Specialty Insurance
Company (2024 WL 3952571), the court affirmed that unambiguous
policy limits remain enforceable even when an appraisal award
exceeds those limits. This decision provides valuable guidance for
insurers...
Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s troubled home insurance market, local experts say the market can manage losses from Milton and are ready to cover yet another hurricane, if one should come.
AM Best and...
I was recently in a minor accident. One fender of my car was damaged; the rest is intact. Nevertheless, the estimate from the body shop was $4,500 and included the replacement of many parts that weren’t damaged. Now they’re saying my car might...
ST. LUCIE COUNTY, Fla. — Many neighborhoods and homes have sustained damage or been destroyed by tornadoes from Hurricane Milton.Insurance experts tell WPTV that most policies require homeowners to make emergency repairs to stop any more damage. Residents are advised to keep their...
