Plus, mind your AOBs!
The court battles continue on whether presuit notification in a property insurance claim retroactively applies, precision counts in Assignment of Benefits contract language, and a court rules in one case that you can have an appraisal …
New insight
So what of the current legal challenges to Florida’s new property insurance reform law, SB 76? I had the pleasure to sit down recently with Jose Pagan, a former fraud regulator who is now one of Florida’s leading …
Exposure doubled
A few hours before that Senate Banking and Insurance Committee meeting, one of the two recipients of private admitted market policies was having a meeting of its own. The Citizens Property Insurance Corporation Board of Governors was getting …
Fraud, lawsuits to blame
The Florida Senate’s Banking and Insurance Committee reconvened the week before last to hear that the state’s property insurance marketplace remains in “dire” shape, with some companies losing more money than last year, prompting regulators to …
Tightening & rate increases expected
Another issue that arose in last week’s meeting of the Miami-Dade County government multi-agency panel on the Surfside disaster was condo association reserve funds for needed building maintenance – and that many times, the reserves …