As we enter the second week of the partial business re-opening of Florida, virus-related insurance claims are being filed, insurance companies are fighting back in court, and the industry is making dire predictions on its future. A national data call …
Florida’s fee-shifting statute authorizes an attorney to recover a “reasonable fee” when their client prevails. To calculate the award, Florida courts follow the federal Lodestar method which multiplies the hours reasonably expended by a reasonable hourly rate.
However, in 2017 …
Under the assumption that it cannot control severe weather, nor deny recovery money to communities struck by future catastrophes, the federal government is developing a framework for how best to invest its finite taxpayer resources into more efficient and effective …
In last week’s LMA Newsletter, I mentioned two recent trips I took to the Bahamas with a longtime Florida insurance company executive to examine Hurricane Dorian damage first-hand. This up-close and personal video highlights the findings of those trips, …
Is Florida’s building code protecting all of us? That’s what we asked in two recent episodes of The Florida Insurance Roundup podcast. “It’s not that we expect to have no damage when we have a Category 5 hurricane, but we …
Today is the day Florida’s old Assignment of Benefits (AOB) system ended in a dramatic flourish, and with it, much of the abuse that has left consumers and insurance companies on the hook for unfinished repairs, excessive charges, and a …
Lots of things are continuing to happen in the world of flood mitigation and insurance. Miami has passed its first law designed to protect against sea level rise, Governor DeSantis this past week selected the state’s first Chief Science Officer …
2018 was a tough year for flooding in the United States, and nowhere worse than in the Carolinas, where Hurricane Florence dumped three feet of rain in spots. Damage is estimated at $13 billion but at least half of that …
Although we reached the official end of the Atlantic Hurricane Season last Friday, its effects will be with us here in Florida well into 2019 due to Hurricane Michael’s destruction. The death toll is increasing, nearly 100,000 Panhandle residents are …
In the three weeks since a Florida appellate court ruled that an insurance company is within its right to require an Assignment of Benefits (AOB) contract be approved by a mortgage company or anyone else with an insurable interest in …
