Cracking down on shady contractors and attorneys is the Florida Office of Insurance Regulation’s top priority for the 2017 legislative session, but officials made clear Wednesday they intend to protect consumers’ rights in drafting their proposals. Read more from Florida Politics here
It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just beginning. With flood waters still rising in North Carolina, the industry is expecting to feel the effects of the storm for [...]
The economic toll for Hurricane Matthew's sideswipe on Florida's Atlantic coast and into the Carolinas will rise into the billions of dollars, with storm surge wreaking the most havoc and the tourism and agriculture industries hit hardest. Read more from the Tampa Bay Times here
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 [...]
WARNING TO FLORIDA HOMEOWNERS! If you suffer damage as a result of Hurricane Matthew do not sign over the benefits of your insurance policy to contractors. Do not sign an Assignment of Benefits form if asked to do so by a contractor. Signing over your benefits to a contractor causes an increase in costs for [...]
Hurricane Matthew could be the first major test of claims-handling capabilities by numerous young insurance companies created since the 2004-05 run of hurricanes that ended with Wilma. Read more from the Sun-Sentinel here