AOB & Roofers?!

Rapidly becoming Florida’s biggest residential insurance cost driver and once thought to involve mostly water extraction companies, abuse of AOB (Assignment of Benefits) has now metastasized into the roofing industry.

I use the phrase “roofing industry” loosely. The prime abusers don’t appear to be roofers at all but, fly-by-nighters, scammers and sometimes even criminals–with no experience, no license and, far too often… no conscience! [Read more…]

Rytech–A company agents can trust!

For months now you’ve been reading my posts on the rampant abuse of assignment of benefits (AOB)– mostly by emergency restoration companies, more specifically water extraction companies. You know how I feel about it and should know, therefore, how insurers, abused claimants, agents and even some public adjusters feel about it.

They don’t like it, nor do they believe anyone should sign a contract assigning the benefits of their insurance policy to someone else.

Insurance agents should be particularly interested in knowing which emergency restoration companies do not use AOB and which do not pay inflated plumber referral fee’s but make referrals based on quality of service and workmanship. [Read more…]

CITIZENS…The Long & Winding Road!

Politically it’s been arduous but, the decades long journey Citizens Property Insurance Company (Citizens) has been on appears to be nearing an end.

That’s not to say Citizens will be back where it started. Far from it. It’s meant to imply, however, that Citizens has done so much, come so far, morphed so many times, it may now have nowhere left to go. [Read more…]

Public Adjuster Conundrum–AOB & Direct Pay

Public Adjusters appear to strongly oppose Assignment of Benefits (AOB). Like every insurer I talk to, they point to consumer mistreatment and warn claimants to avoid contracts assigning the benefits of their insurance policy to someone else. [Read more…]

Weiss Ratings…three reasons for “no credibility”!

The problem with an insurer rating agency that confirms the suspicions of those who don’t understand insurance is that it becomes the de facto standard. The Palm Beach Post, the Herald Tribune, The Tampa Times and reporters like Charles Elmore, Daniel Ruth, Jeff Harrington and others, have spread fear using bogus ratings from Jupiter based, Weiss Ratings, Inc. [Read more…]

AUTO NO-FAULT: “…and here we are again!”

I’m often critical of the Palm Beach Post. And, for good reason.

But…just because it far too often “gets it wrong” on property insurance, doesn’t mean I shouldn’t recognize when it gets it right on auto insurance. [Read more…]

Citizens vs Big Bubba’s Insurance!

Aside from a piece two years back about a public adjuster threatening to sue me, the blog I wrote November 18th, “Big Bubba’s Catfish & Insurer Ratings“, generated more commentary than anything I’ve published over the last four years. [Read more…]

BIG BUBBA’S CATFISH & INSURER RATINGS

Had a far ranging conversation recently with a friend and lobbyist regarding Florida’s domestic property carriers. He asked… “What can we do about agents that keep telling their clients domestic insurer’s are thinly capitalized?”

First, I reminded him that independent agents would never intentionally deride carrier’s in which they’ve placed clients. Makes no sense.

But, here’s the rub. [Read more…]

Assignment of Benefits…The Brewing Storm!

There’s a storm brewing! Widespread mistreatment of consumers by emergency remediators, mostly water extraction contractors and roofers, continues with no end in sight. Lured by the potential of huge payoffs with little chance of any consequences and enabled by Assignment of Benefits (AOB) they routinely kidnap the claim and leave premium payers with the ransom note. [Read more…]

Charlie’s “new” Plan & The Way We Were

You’ve already heard about Charlie Crist’s New Insurance Plan.  A rewrite of the historical record  ignoring some facts and distorting others to obfuscate damage from the first insurance plan he pushed through in early 2007. [Read more…]