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…] about Public Adjusters, Public Image–Believe Your Eye’s & Ears!
Archives for February 2013
Yep, you read the title correctly.
After my blog reporting that New Jersey regulators uncovered abuse of the state’s public adjuster(PA) contingency fee system, I learned of legislation to fix the problem by limiting their fees to 12.5% for catastrophe claims only. [Read more…] about PUBLIC ADJUSTER’S…Some say “Lower Our Fee’s!”
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…] about A Citizens Clearinghouse and a Private Option!
They certainly don’t need any more bad press. Still…recent stories about public adjusters are instructive and may even warn of real challenges ahead for Florida’s tenuous property market. [Read more…] about Public Adjuster Fee’s & Public Policy!
This post may not sit well with some of my industry friends–Write Your Own (WYO) carriers and their agents ensconced in the current National Flood Insurance Program (NFIP) approach as prescribed by federal law.
But…those taking umbrage may find comfort knowing that, like all my other good idea’s, this one will be totally ignored by anyone in a position to implement it. [Read more…] about FLOOD REFORM–Icing on the Cake!