As reported by the Gulf Coast Business Review, a major hurricane hasn’t hit Florida in five years, yet the state’s property insurer remains vulnerable to catastrophe. Floridians face a stark choice when it comes to fixing Citizens Property Insurance Corp: Pay now or pay later. Read the entire story here
The New Times provides a wrap up of South Florida media coverage on PIP fraud Read the entire story here
The Sun-Sentinel explores PIP attorney fees and the history of PIP fraud in Florida in this investigative piece from January 2011. According to the article, Miami Gardens-based United Automobile Insurance Company has spent about $80 million over the past four years fighting lawsuits in this state. Sun-Sentinel PIP Fraud Story
According to Out of the Storm News, a new study shows there may be a connection between no-fault insurance regulations and fraud. Experience from several no-fault states, including New York and Florida have seen high levels of auto insurance medical claims fraud. Read the entire story here
State Auto Financial Corporation completed the previously announced sale of its non-standard automobile insurance subsidiary, State Auto National Insurance Company, to Hallmark Insurance Company of Fort Worth, Texas, effective Dec. 31. Read the entire story here
A state-run insurance pool, stricter regulations on public insurance adjusters and shifting the burden of proof on claims are among the options posed by Senate committee for curbing sinkhole claims that have tripled since 2006. Read the entire story here
If you're a homeowner in Florida still covered by State Farm, cross your fingers. Read the entire story here