I’m sure you picked up on it. The proposed 15% cap on public adjuster (PA) fee’s in HB-743 is precisely midpoint between the existing 20% for non-catastrophic claims and 10% for catastrophe claims. (See NOTE #1 below)
The archetypal compromise. Between some PA’s and some insurer’s avoiding a fight by agreeing to reduce a cap they both know is too high–the highest in the entire United States. [Read more…] about PA FEE’S…Florida Consumers pay too much!