A Florida appeals court drops the customary practice of using expert witness testimony on attorney fees, a federal appeals court upholds an insurance company’s use of depreciation in figuring actual cash value, …
Florida’s new wind mitigation forms and discounts continue to evolve, the federal government eases rules on insurance coverage for roofs on properties seeking federally-backed mortgages, and a new JD Power study reflects …
Florida’s First District Court of Appeal issued an important opinion regarding Actual Cash Value/Replacement Cost Value (ACV/RCV) in property insurance policies.
In Bailetti v. Universal, the appellate court confirmed the final judgment in favor of …
Florida reinsurance remains at reasonable prices for the second hurricane season in a row, a new study helps prove insurance savings from FORTIFIED-built homes, there’s a new push for federally-backed mortgages to accept …
Florida’s insurance commissioner comments on claims being closed without payment as he approves more roof endorsements restricting non-storm claims, more Citizens Insurance takeouts are approved, and the surge of surplus lines carriers in the …
Florida homeowners insurance rate hikes are outpacing any in the nation, how actual cash value roof policies could lower premiums, the new insurer accountability act is now law, regulators release the new catastrophe …
Florida law concerning actual cash value damages changed. But insurance professionals are not adapting. Adjusters on both sides of the fence define “actual cash value” as “replacement cost less depreciation”. Insurers employ this formula through …
