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…] about Citizens vs Big Bubba’s Insurance!
General Property Issues
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…] about Assignment of Benefits…The Brewing Storm!
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…] about Charlie’s “new” Plan & The Way We Were
AOB…a flicker of common ground?
Common ground was visible recently between public adjusters and insurer’s. A brief flicker, sure. But, it was there.
Sparked by an article from Dick Tutwiler, CPCLA, PCLA opining on coverage reductions for water losses, abuse of Assignment of Benefits (AOB) by water extraction companies and the unlicensed practice of public adjusting. [Read more…] about AOB…a flicker of common ground?
Water Extraction… Florida’s biggest cost driver?!
It’s Thursday, 2:15 in the afternoon. A Tallahassee plumber, who arrived at 9:00AM, has just left my home.
The result of a call from the utility company warning of a potential water leak. My previous months water bill was $191.22 for 24,339 gallons of water (I had the sprinklers on every day).
But…since paying that bill I began hemorrhaging nearly 128,610 gallons in three weeks at a cost of nearly $400. And, I was told “… it’s still leaking!”
After checking the irrigation system (sprinklers) I discovered my worst water leak nightmare. A pipe beneath the garage slab was leaking. Water was pouring outside and into the neighbors yard. Drywall was wet up to 18″ high. Outside the brick wall was wet to the same height. The fifteen year old indoor/outdoor garage carpet was soaked. [Read more…] about Water Extraction… Florida’s biggest cost driver?!
CHARLIE’S CURSE
The curse of any perfectionist is in seeing only that which keeps perfection out of reach. Never being thankful for what’s been gained. Never being satisfied with the status quo.
For me Florida’s improved property market is such a curse. I’m a perfectionist.
The market, however, has it’s own curse–Charlie Crist’s overreaction to a temporary market adjustment. We were helpless as he stuck pins in the industry voo-doo doll. Bragging as he did and chiding “…good riddance” to Florida’s future. [Read more…] about CHARLIE’S CURSE
Peoples Trust…some very good questions!
My postings on this blog site are often driven by my opinions. Opinions based on facts from everywhere and input from anyone in command of those facts.
In this report on Peoples Trust (PTIC) I’ll stick only to the facts and comments (good and bad) from others and refrain from personal speculation, (yes, it’s possible).
You decide what it all means, if anything. Feel free to share your thoughts with a published response below or an email to me directly. [Read more…] about Peoples Trust…some very good questions!
Palm Beach Post…two sides, one story!
I don’t know why I’m surprised when the Palm Beach Post lives up to expectations. [Read more…] about Palm Beach Post…two sides, one story!
Flood Insurance …When Politics & Reason Collide!
There’s no telling where the federal foolishness over flood insurance will end up–I predict, not with actuarial premiums; especially not for NFIP policies and especially not anytime soon.
Precipitous NFIP rate increases are courtesy of ill-advised votes by almost every member of congress, especially Democrats, none of whom voted against the rate increases. This inexplicably includes Bill Nelson, a congressional veteran from America’s premier flood state–a lawyer and former insurance commissioner to boot, he should have known better. (See CFO Jeff Atwater’s letter to Bill Nelson). Also, (See NOTE #1 below). [Read more…] about Flood Insurance …When Politics & Reason Collide!
Post Loss Underwriting …A Tale of Two Pities!
No doubt Universal Property and Casualty Insurance Company (UPCIC) is thankful its’ fifteen minutes of infamy is almost over. However, as is typical of some matters involving the media, complete closure may drag on a bit. [Read more…] about Post Loss Underwriting …A Tale of Two Pities!