William Rabb

Southeast U.S. Editor at Insurance Journal

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Articles

Florida Bill Advances, Would End Board of Engineering, Other Professional Agencies

4 days ago | insurancejournal.com | William Rabb

Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many more professionals. House Bill 1461, approved by a House Budget Committee subcommittee last week, also would drop some continuing education requirements for licensees.
USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations

1 week ago | insurancejournal.com | William Rabb

USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career at USI as an intern and rose to lead a team of account executives, breached non-compete agreements and brought three USI salespeople with her when she jumped ship to Lockton last year, the federal lawsuit contends.
Florida’s Anchor Insurance is Reborn as Patriot Select With $29M in Capital

1 week ago | insurancejournal.com | William Rabb

It was once known as Anchor Property & Casualty Insurance Co., based in St. Petersburg, Florida, and launched in 2014. Then it was known as another Florida carrier that had slipped into financial troubles and was placed into an orderly runoff during the height of the claims litigation crisis. Today, it has been born again as Patriot Select Property and Casualty Insurance, the latest entry (or re-entry) into the reformed Florida market.
NC Committee Approves Bill to End Education Requirements for Insurance Agents

1 week ago | insurancejournal.com | William Rabb

A North Carolina House of Representatives committee voted Wednesday to do away with educational course requirements for insurance agent licenses, a move that could help address what has been called a shortage of producers in the state. “It’s a 40-hour course. I had to take a week off work to take the course when I got my license,” said Rep. Chris Humphrey, the bill’s sponsor and co-chair of the House Insurance Committee.
Growing Fast, Going Public: Florida’s American Integrity Insurance Files for IPO

1 week ago | insurancejournal.com | William Rabb

American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Group, founded in 2006, this week filed a registration statement with the U.S. Securities and Exchange Commission. Company leaders hope to raise as much as $100 million in the IPO, Renaissance Capital reported.
Brown & Brown Charges Former VP With Poaching Clients, Breaching Agreements

1 week ago | insurancejournal.com | William Rabb

Florida-headquartered Brown & Brown, one of the largest insurance brokerages in the country, this week filed a federal lawsuit against a former vice president, charging him with secretly setting up a competing business and poaching clients. The lawsuit in the federal court system’s Middle District of Florida contends Westyn Swenson, based in Texas, conspired with Nathan Gilbert Insurance Agency and Legacy Insurance Group to lure at least three dozen clients from Brown & Brown.
Court: 911 Not Part of Emergency Services, Barring Dispatcher Liability Coverage

2 weeks ago | insurancejournal.com | William Rabb

A 911 dispatch center is not necessarily part of a county’s emergency services department and is not covered by a secondary liability insurance policy, a federal appeals court found this week in a decision that will cost Travelers several million dollars. The court opinion highlights how local government structure can affect insurance coverage and underscores the liability that emergency dispatchers hold when fielding calls from residents in the midst of a crisis.
Rebates on HO Premiums? It’s a Thing, Orion180 Says in Launching Florida Coverage

2 weeks ago | insurancejournal.com | William Rabb

Orion180, a property insurance and surplus lines carrier founded in Melbourne, Florida, in 2016, has now started writing policies in the state where it is headquartered. And it is doing so with what appears to be an unusual strategy: Rebates on the first year of premiums for homes that stay claims-free. Most property insurers offer some types of discounts on premiums — for wind mitigation work, bundling of policies, alarm systems, and for a lack of claims, in some cases.
Florida OIR Faults DFS in Move to Combine Regulatory Functions. DFS Pushes Back

2 weeks ago | insurancejournal.com | William Rabb

In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consumer complaints, investigations and insurer affiliate companies. Late last week, DFS, now without a department head after former Florida CFO Jimmy Patronis was elected to Congress last week, pushed back.
South Carolina DOI Names Noga, Formerly With GuideOne, as Captives Director

3 weeks ago | insurancejournal.com | William Rabb

The South Carolina Department of Insurance named Andy Noga, formerly CEO and general counsel of GuideOne Insurance Group, as director of captives, underscoring the state’s commitment to fostering captive insurance companies, the DOI said Wednesday. “We focused on identifying a new director with exceptional experience and ability who will continue to grow our captives market with excellence. Our search has paid off,” SCDOI Director Michael Wise said.