The chances of dying in a crash in a late-model vehicle have fallen by more than one-third in three years, and improved vehicle designs and safety technology have a lot to do with the continuing decline, according to a new report by the Insurance Institute for Highway Safety (IIHS). Among 2011 models—the most recent year included in…
Americans have a love affair with classic cars. From James Bond’s Aston Martin to Thomas Magnum’s red Ferrari 308 GTS, some were iconic in their time and have since gone on to become famous classics. Consider the ’69 Chevrolet Camaro SS, the ’66 Ford Mustang GT or the Pontiac GTO Judge. These and others have…
Taylor Swift sells out stadiums worldwide for her concert performances, and this country/pop princess knows what she’s gotta do to keep the cash ($64 million in 2014, according to Forbes) rolling in if an accident occurs. Insure her legs, of course. Outlets report that the 5’10” singer/songwriter insured her legs for $40 million this past week. Swift,…
Demotech, Inc., a Columbus Ohio based financial analysis and actuarial services company, was the first company to review and rate independent regional and specialty insurers. Demotech reviews, rates and monitors more than 400 insurers countrywide, in all fifty states, including more than 50 insurers representing nearly 60% of Florida’s Homeowners’ insurance marketplace. The majority of…
A recent fire at a 16,000 square foot mansion on the waterfront in Anne Arundel County, Maryland, took the lives of six people including two grandparents and their four grandchildren. The cause of the fire, according to investigators, was a 16-foot tall Christmas tree that the owners left lit most of the time in the…
TALLAHASSEE, Fla. (AP) – Seeking to make Florida more “meaningful” in choosing a Republican presidential nominee, the Senate on Wednesday gave final approval to moving back the date of the state’s presidential primary elections. Senators, with little debate, unanimously backed a bill (HB 7035) that passed the House last week. It now goes to Gov.…
The greatest element of economic damages in a personal injury lawsuit is often medical bills. In Florida, generally only the amount of medical treatment billed is admissible as evidence in trials. This is due to F.S. 768.76, which prohibits introduction of evidence regarding payments for medical expenses made on behalf of plaintiffs by collateral sources…
Florida is considered one of the worst states in the country for exposure to bad faith litigation. Florida law doesn’t require claimants who are not the policyholder to send a demand or clearly state the amount of money to achieve a fair settlement. This absence of clear rules to satisfy a demand has enabled trial…
Creating a competitive and stable insurance market will help consumers find the best options at the best rates. We must continue initiatives like reducing the size and exposure of Citizens Property Insurance, reforming Florida’s Catastrophe Fund, spreading risk, reducing fraud claims and allowing for creative solutions for the issues homeowners and businesses face. Read what…
During his 57 years in Congress, longtime U.S. Sen. Carl Hayden, R-Ariz., often related what a colleague in the U.S. House told him after he gave his maiden speech. “If you want to get ahead here, you have to be a work horse and not a show horse,” a congressman told Hayden and the Arizona…