"We stand ready to work with the new commissioner, whomever that will be," said William Stander, executive director of the Florida Property & Casualty Association. Read more from the Sun-Sentinel here
Insurance claims for non-storm related water damage in homes are on the rise, both in numbers and in cost. The numbers are rising so fast, insurers say, that you will soon be paying higher rates because too many people are cashing in on a technicality. Read more from the Tampa Bay Times here
With the 2016 legislative session completed, the Florida Legislature has failed to pass a meaningful solution to the assignment-of-benefits (AOB) crisis that is rapidly spinning out of control. Organized and carried out by a handful of vendors and lawyers, this kickback-driven, lawsuit-for-profit scheme is already punishing homeowners with higher rates — and threatens to do [...]
Efforts to find a new Florida insurance commissioner before hurricane season begins is well underway. Click here to read more from the Tampa Bay Times
Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida Office of Insurance Regulation (OIR) to find workable administrative measures to help combat this kickback-driven lawsuit-for-profit scheme. Read more of the FPCA's article from the [...]
With the 2016 legislative session completed, the Florida Legislature has failed to pass a meaningful solution to the assignment of benefits crisis that is now rapidly spinning out of control. Read more from the Florida Times Union here
South Florida property owners can expect property insurance rates to increase because the Florida Legislature failed to enact laws to curb abuses by contractors and trial attorneys, two insurance industry trade associations are saying. Read more from the Sun-Sentinel here
Insurance companies and their allies lamented Friday that state lawmakers neared the end of their session Friday without addressing water-damage claims they say are inflating costs. “Even without a hurricane making landfall, property insurance rates are set to skyrocket,” benefitting “a small group of greedy vendors and their lawyers,” said a statement from the Florida [...]
With the 2016 Session coming to a close, the Florida legislature has failed to pass a meaningful solution to the assignment of benefits (AOB) crisis that is now rapidly spinning out of control. Organized and carried out by a handful of vendors and lawyers, this kickback-driven lawsuit-for-profit scheme is already punishing homeowners with higher rates, [...]