An emergency order from Florida’s insurance commissioner issued Wednesday evening gives consumers special protections after Hurricane Irma, including 90 additional days to file claims and a temporary freeze on rate hikes and cancellations. Read more from the Palm Beach Post here
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. [...]
Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the U.S. Read more from the Insurance Journal here
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 [...]
Hurricane Harvey’s devastating property damage toll will easily be counted in the billions of dollars, but insurance industry experts say they shouldn’t have an impact on property insurance rates in hurricane-prone Florida. Read more from the Miami Herald here
Aug. 24, 1992 was anything but a typical Monday for Robert Reynolds as he drove through debris-filled roads and devastation on the way to his family-run agency then located in Homestead, Fla. Hurricane Andrew had just barreled through the region, killing 26 people, knocking out power to hundreds of thousands, and destroying more than 25,000 [...]
Florida has seen its share of calamities, but an "epidemic of insurance claims" could shove the Sunshine State down a financial sinkhole even before the next hurricane hits. Read more from CBS News here
Dear Editor: Public adjusters want Florida’s homeowners to believe that any and all managed repair programs to handle restoration and repairs in the event of a covered claim result in claims being unfairly adjusted. They paint insurance companies as strangers to their customers yet expect those same homeowners to trust them — public adjusters - even as they [...]
Florida’s home insurers hope the public doesn’t blame them as they implement rate increases, initiate coverage changes and nonrenew policies. They say they have no choice after the Florida Legislature for the fifth year in a row failed to address the crisis in water damage claims abuse. Read more from Insurance Journal here
Florida’s insurance officials are considering moves to rein in assignments after the Legislature again failed to take action. The procedure allows service providers to work directly with an insurer, but some say they’re taking advantage of the system. Read more from WFSU here