Florida's badly broken system for filing and settling insurance claims, which is wreaking havoc in the property insurance market, is creeping into auto policies with Tampa Bay at ground zero. Assignment of benefits, which can lead to costly court battles, is driving up rates for thousands of homeowners across Florida, and drivers are starting to [...]
As the 2017 Florida Legislative Session has ended, we once again find the state without a solution to the Assignment of Benefits crisis, which is raising home insurance costs and threatening to make home ownership unattainable for many. Insurance is meant to make homeowners whole when they experience a covered loss, not line the pockets [...]
For South Florida homeowners, 2017 already figured to be a year of steep property insurance rate increases. Read more from the Sun-Sentinel here
Because of the Legislature's inaction, Floridians will get no property insurance relief this year. There is debate about how the state should respond to what insurers contend are excessive claims for non-emergency water damages. Unfortunately, the Legislature didn't even have the debate. Read more from the Sun-Sentinel here