CS/SB-1770 will have a salutary impact on the burden that Citizens places on households it does not insure; including many Floridians who can’t even afford a house. That makes it a good step in the right direction. [Read more...]
Last Friday the Florida Senate amended CS/CS/HB-635 and will send it back to the House for final approval. Of course, it may not pass the House (as amended) and thus may never become law, but…the practice one of the Senate amendments is designed to stop should be voluntarily abandoned by the one carrier whose actions gave rise to it in the first place. [Read more...]
Okay…everybody who thinks Florida’s No-Fault (Personal Injury Protection) system is working as it should…raise your hand.
Just as I thought…Nobody! [Read more...]
Industry alarms are sounding as more and more contractors and loss remediation entities, emergency water extraction companies and the like, exploit “assignment of benefits” to take control of homeowner’s claims–usurping rights to negotiate and adjust the loss, then threatening to sue the insurer to force payment of inflated bills.
Consistent with Florida’s curse, this scam not only has links to lawyers and public adjusters, it’s a major cost driver and frighteningly fertile ground for even more fraud! [Read more...]
Every word of every legislative proposal dealing with Citizens Property Insurance Corporation (Citizens) should be evaluated using a new online program developed by Associated Industries of Florida (AIF).
Like many simple inventions, in the right hands, used the right way, it can have monumental impact. [Read more...]
Few disagree with my prediction that if public adjusters succeed in overturning caps on their contingency fee’s there will be more of them with more incentive to file even more claims, justified or not. [Read more...]
No doubt you’ve heard the idea of a clearinghouse for Citizens new applications and possibly even, renewals. It began making the rounds as early as last October and is now on the minds of lawmakers, Citizens and the industry as something that would not only help with the so called “Citizens problem” but, which might even be politically feasible. [Read more...]