William Rabb

3 weeks ago | insurancejournal.com | William Rabb

South Florida residents will likely remember Aaron Hirschhorn, the successful Miami entrepreneur who launched a dog-sitting service then won a big investment for a stem-cell therapy for dogs when he appeared on the “Shark Tank” TV show in 2019. Hirschorn died in 2021 when a 38-foot Chris Craft boat collided with the hoverboard watercraft he was riding in Biscayne Bay. His widow was awarded $66 million in arbitration, from the boat owner and operator.

3 weeks ago | claimsjournal.com | William Rabb

A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner who was denied coverage after a hurricane because key elements of the property were not mentioned in the coverage application. In a case that began almost a decade ago and is likely to continue for another few years, the state Supreme Court decided last month that a move to dismiss the lawsuit against J. Kim Hatcher Insurance agency is not allowed under 100-year-old case law.

3 weeks ago | insurancejournal.com | William Rabb

A French-owned metal-treating company in Tennessee failed to utilize safety management and failed to implement lessons learned from previous incidents before a 2024 explosion that killed one worker and heavily damaged the site, the U.S. Chemical Safety and Hazard Investigation Board said in its final report on the accident.

3 weeks ago | insurancejournal.com | William Rabb

A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner who was denied coverage after a hurricane because key elements of the property were not mentioned in the coverage application. In a case that began almost a decade ago and is likely to continue for another few years, the state Supreme Court decided last month that a move to dismiss the lawsuit against J. Kim Hatcher Insurance agency is not allowed under 100-year-old case law.

4 weeks ago | claimsjournal.com | William Rabb

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 insurers that have written most of the personal property insurance in the state, including some that went insolvent in recent years but excluding large national carriers.