How to encourage flood insurance
I had the pleasure of listening to some terrific speakers at this past week’s National Flood Conference, which was held virtually this year because of the coronavirus pandemic. Of particular interest was the growing number …
AOB reform not enough
The Assignment of Benefits (AOB) contract has been a favorite tool of Florida plaintiff attorneys and contractors in manipulating unsuspecting homeowners to sign over all of their insurance rights and then produce inflated claims, plus hefty …
Tourism, revenue down
We’re beginning to get an idea of the hit that Florida’s state budget has taken from the economic downturn created by the coronavirus pandemic. Sales tax and other revenue were down $878 million in the state’s April …
Our cup runneth over with water this morning over a significant portion of Florida from days-long rain and Tropical Storm Cristobal. It was just four weeks ago that most of the state was a dry wildfire hazard. As the old …
Florida is back in space and better than ever with NASA and a friendly new face: SpaceX. Tomorrow, SpaceX and NASA are launching the first American astronauts into space from U.S. soil since the Space Shuttle Program ended in 2011. …
Impacts of remote work
The current coronavirus hunker-down-at-home order has challenged the idea that all businesses need traditional office space for all workers. Necessity being the mother of invention, around half of the total U.S. workforce (up from the normal …
Homeowner beware
One of our readers working in the insurance industry shared the following Assignment of Benefits (AOB) story involving a roofing solicitation. We think it’s an instructive reminder of what’s out there – and why we need to remain …
High hopes by plaintiff’s attorney
Certainly one of the factors in Florida’s rising property insurance rates has been the abusive use of Assignment of Benefits (AOB) contracts. The Florida Legislature passed reforms in 2019 that have begun to make a …
Claims costs, rates rising
The past two weeks have not been good for Florida’s homeowners insurance market – with some calling it “the beginning of the meltdown.” It’s essentially a growing culmination of four factors we’ve outlined in the pages …
New approaches required
The coronavirus has added extra challenges for FEMA and Florida’s emergency managers in planning this year’s Atlantic hurricane season, which officially begins next Monday. How to evacuate and exactly where to shelter while still practicing social distancing …