Tallahassee, FL – Florida homeowners should beware of a recent press release by Weiss Ratings that contains misleading information about the financial stability of our state’s homeowner’s insurance companies. This is simply not the truth. The Florida Property & Casualty Association (FPCA) wants all homeowners in our state to rest assured that Florida home insurance [...]
This week’s approval of rate increases for policyholders in Citizens Property Insurance Corp. shows that Assignment of Benefits abuse is having a direct pocketbook impact on Florida families and is another clear indication that the Florida Legislature must resolve the AOB problem in the 2018 session. On Wednesday, the Florida Office of Insurance Regulation approved [...]
In the aftermath of Hurricane Irma, the member companies of the Florida Property & Casualty Association (FPCA), an industry trade group comprised of Florida-based homeowners insurance companies, are prepared to help customers. “Our member companies are ready to go and working diligently to help make disaster victims whole again,” said William Stander, FPCA Executive Director. [...]
Florida Property & Casualty Association member companies ready to serve Floridians post-storm (Tallahassee, FL – Sept. 6, 2017) – As Floridians prepare for Hurricane Irma, the member companies of the Florida Property & Casualty Association (FPCA), an industry trade group comprised of Florida-based homeowners insurance companies, are also prepared to help customers in the aftermath [...]
In front of the Florida House Chamber, the Consumer Protection Coalition, a broad-based group of business leaders, consumer advocates, real estate agents, construction contractors, insurance agents and insurance trade groups, today called on Florida lawmakers to protect Florida consumers and pass meaningful reforms to end Assignment of Benefits (AOB) abuse in the Sunshine State. "We [...]
Florida Property & Casualty Association offers Tips on Staying Safe, Getting Help and Making Claims Tallahassee, FL – The Florida Property & Casualty Association (FPCA), an industry trade group comprised of 19 Florida-based homeowners insurance companies, offers these tips for homeowners that have experienced property damage as a result of Hurricane Matthew. First, make sure [...]
The Consumer Protection Coalition urges homeowners to beware of insurance scams involving Assignment of Benefits (AOB) in the wake of Hurricane Hermine. The landfall of Hurricane Hermine unfortunately has created new opportunities for unscrupulous home repair vendors and trial attorneys to profit off the disaster by asking homeowners to sign an AOB when seeking repairs [...]
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, [...]
A broad-based group of business leaders, consumer advocates, real estate agents, construction contractors, insurance agents and insurance trade groups announced today they have formed the Consumer Protection Coalition and are pushing for reforms to end Assignment of Benefits (AOB) abuse on its new web platform-FightFraud.Today. The Consumer Protection Coalition is devoted to protecting consumers by [...]
Florida Property & Casualty Association believes FOIR stress test results should give consumers confidence in their homeowners insurers to withstand the worst case storm seasons TALLAHASSEE, Fla., October 27, 2015 — The Florida Office of Insurance Regulation announced the results of its third year of catastrophe stress tests, which demonstrate that the Florida property insurance market can withstand significant catastrophic losses. All of the 112 insurance companies, including 67 Florida-based insurers, that participated in the Annual Reinsurance Data Call were found to have sufficient reinsurance, capital and surplus to pay policyholder claims in the event of a one in a 100 year storm. […]