In a recent telephone discussion with the Division of Insurance Fraud (DIF) concerning Florida’s nearly 50,000 annual AOB lawsuits, I was told they’re investigating nearly 200 complaints of AOB abuse from roofers–many are likely to become full blown fraud investigations, all from the same part of the state. [Read more…] about AOB…the woods are on fire!
AOB… an ugly iceberg!
Some say every insurance crisis inevitably traces back to a handful of lawyers and that abuse of Assignment of Benefits (AOB) is no exception. What I’ve recently uncovered seems to bear this out in mind-boggling terms. [Read more…] about AOB… an ugly iceberg!
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…] about AOB & Roofers?!
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…] about Rytech–A company agents can trust!
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…] about CITIZENS…The Long & Winding Road!
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…] about Public Adjuster Conundrum–AOB & Direct Pay
How-to Compose a Position Paper with Taste Documents
The largest plane in the world will be the cargo plane or tactical airlifter, the Antonov An -225 Mirya. It’s 73m’s length along with the level of 24.1m. It’s wingspan is 88.4m. The most fat for takeoff is 1 or 600, six machines power 750 lb. The airplane, 322 and was built in 1988. There is only 1 An-225 on earth and it is presently run by Antonov Airlines. [Read more…] about How-to Compose a Position Paper with Taste Documents
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…] about Weiss Ratings…three reasons for “no credibility”!
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…] about AUTO NO-FAULT: “…and here we are again!”
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…] about Citizens vs Big Bubba’s Insurance!