The latest
On this 12th day since Hurricane Ian struck Florida, all signs continue to point to this being more of a flood than a wind event in terms of total insurance claims. Along its path 92 Floridians lost …
Hurricane Ian
Story Tag: Florida Property Insurance
New Questions on Citizens’ Proper Role
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 …
Ideas on Reducing Insurance Lawsuits
Legal alternatives, better claim service explored
Another requirement of Florida’s recent consumer insurance reforms is that third party vendors go through alternative dispute resolution, such as appraisal, before filing a lawsuit against an insurance company, if the policy requires it. …
OIR: Florida Insurance Litigation Declining
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 …
Unlicensed Contractor Crackdown Continues
Plus a renewed crime-fighting partnership
State fraud investigators working with local law enforcement have made more arrests in their ongoing crackdown on unlicensed contractors; a Miami woman has been convicted in a $34 million healthcare fraud against insurance companies; and …
Legal Fight Heating Up on Insurance Reforms
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 …
Litigation Reporting Conundrum
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 …
Relative Calm Returns to the Florida Market
Citizens hits the 1 million policy mark
The ratings discussion has been settled for now in Florida’s property insurance market and we also received some welcome clarification on what type and how many bad storms our carriers can financially weather …
Premature Appraisal
Court requires legit cost dispute first
Florida’s Third District Court of Appeal has ruled in another case regarding untimely claims that you can’t put the cart before the horse – in this case, a court can’t compel appraisal without first …
Court Affirms Carrier’s Prejudice & Late-Notice Defense
By David Levin & Mikhal Wright, Esqs.
In Florida, providing late notice of a claim can result in a rebuttal presumption of prejudice against the policyholder, requiring an insured to establish that a carrier has not, in fact, been prejudiced …
