Agent Fraud, statewide policy data revealed
A Florida appeals court has weighed-in on a water damage case concerning an Assignment of Benefits (AOB) claim, a South Florida insurance agent has been arrested for insurance premium fraud, and the Florida Office …
Special session on Ian & the property insurance market
The economic losses continue to mount as well in Southwest Florida, with total hospitality layoffs now topping 1,000 and growing. Providing more economic relief there is one of the reasons Governor …
Property insurance reform likely
The problems created by Hurricane Ian have prompted Governor DeSantis to call a special session of the Florida Legislature for December to provide property tax relief to victims and address our ongoing property insurance issues. CFO …
Many of you have spent time in areas devastated by Hurricane Ian. The stories you have shared are both heartbreaking and inspirational. The heartbreaking ones typically deal with, besides the resident’s physical loss, commentary from homeowners who said “they kept …
The AOB game continues
Just a few days before Hurricane Ian struck, the sixth Florida homeowners insurance company this year was declared insolvent by regulators. Meanwhile Richie Kidwell and his Air Quality Assessors lose another AOB case in court, while …
Fraud warnings sounded early
Less than 24 hours after Hurricane Ian made landfall, Governor DeSantis, CFO Jimmy Patronis, and local law enforcement authorities were warning the public about fraud and unlawful contractor solicitation they may encounter during the cleanup. There’s …
Insurer of last resort or major player?
As the Citizens Property Insurance policy count accelerates at an even greater rate, there’s new skepticism on whether raising its coverage cap is such a good idea. Meanwhile an upcoming report suggests Citizens …
But lawsuit notices, AOB’s on the rise
State regulators have approved an extension of a special assessment on Florida property insurance policyholders, while they consider loosening rules on Citizens Insurance coverage. Meanwhile, the insurance commissioner says litigation against companies is …
Plus, upcoming contractor fraud event
A group of roofing and other contractors is continuing their fight against property insurance consumer reforms needed to help stabilize the Florida market. There are new developments to report in the Restoration Association of Florida …
Florida Supreme Court workgroup weighs-in
There’s general agreement that excessive litigation and contractor fraud have been driving factors in Florida’s property insurance market peril. State insurance regulators, the Florida Supreme Court, and the Insurance Information Institute have attempted to get …