Top Insurance Journal Southeast Stories of 2017
It was one other busy yr within the Southeast with storms, employees’ comp, and provider insolvencies dominating the headlines. Here’s a glance again at some of the tales that attracted essentially the most readers in 2017.
The first main hurricane to hit Florida in 11 years, Irma was a giant story for the Southeast in 2017. From injury predictions to trade preparation and restoration, it isn’t a storm that can quickly be forgotten.
The insurance coverage trade’s hopes for a repair to selections that upended the Florida employees’ compensation system had been dashed this yr, simply as they had been for task of advantages reform. The Florida Legislature didn’t go laws in 2017 addressing 2016 selections by the Florida Supreme Court that despatched the state’s employees’ comp system into disarray and led to a fee enhance of 14.5 %.
Later within the yr, employees’ compensation provider Guarantee Insurance was positioned in receivership by state regulators.
Company Failures, Acquisitions
In addition to the folding of Guarantee Insurance, two different firms domiciled in Florida reached the top of the road this yr. Readers flocked to tales about Patriot National shuttering its subsidiary firms and asserting its reorganization. The demise of home householders insurer Sawgrass Mutual and an acquisition of a Southeast company by Marsh & McLennan had been additionally scorching matters.
Flood, Fraud & Medical Marijuana
Fraud is all the time a favourite matter of Insurance Journal readers, and this yr was no exception. The Florida flood market and medical marijuana additionally stored captivated our insurance coverage trade viewers.
Other Southeast News
While Florida tales dominated the favored Southeast headlines this yr, different state insurance coverage points had been additionally necessary to readers.
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