House member Wednesday readied HB 129, which requires Citizens Property Insurance Corp. customers to choose from contractors approved by the company to conduct sinkhole repairs, for a final vote that could come as soon as Friday. Read the entire article here.
The fight over the direction of the state's reinsurance fund is essentially over for this year. Read why here.
A plan slammed as “insane” by one lawmaker — which could raise insurance bills for Florida homeowners by having a state storm fund buy $1.5 billion of private reinsurance — did not reach the Florida Cabinet on Tuesday and may be running out of time before hurricane season. Read the entire article here.
One day after the House inserted a provision restricting the “assignment of benefits” – where a homeowner signs over the benefits of an insurance claim to a contractor to make fixes to a home, usually in the case of an emergency like a pipe burst or leak – into a bill aimed at informing consumers [...]
A spirit of cooperation between the House and Senate worked to produce an overachieving Legislature in 2013, so why not stick with a winner in 2014, Florida Senate President Don Gaetz told the staff of Sunshine State News Tuesday. Read the entire story here.
Citizens Property Insurance has shrunk below 1 million policies for the first time since 2006, a milestone indicating that a major effort to push policies toward private insurers is working. Read the entire story here.
Florida Property& Casualty Association Chairman Charles Grimsley was interviewed on WOKV radio March 15, regarding insurance issues from the 2012 legislative session. Read More Here
In Kauffman v. Community Inclusions, Inc./Guarantee Insurance Co., 57 So. 3d 919 (Fla. 1st DCA 2011), the First District Court of Appeal confirmed that the workers’ compensation statute, section 440.34, Fla. Stat., limits claimants’ attorney’s fees to a percentage of benefits obtained based on a statutory formula. […]
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
United Automobile Insurance Co., a nonstandard automobile insurer in Florida, recently defended itself against a lawsuit for $2.59. The practice is relatively common and it is an example of the rampant abuse in the state's personal injury protection benefits system, the company said. Richard Parrillo, chief executive officer of UAIC, said PIP plaintiffs and their [...]