Modern moves by two Florida insurers to limit litigation and restoration costs – and regulators’ approval of those policy endorsements – have met with a constitutional obstacle from contractors. Just one Florida law professor claimed the match is possible to see some accomplishment in courtroom, but only on a technicality. […]
Florida
Florida insurance companies leaving state, filing bankruptcy
When Mike McKee’s insurance policy firm canceled his policy in 2021, he paid out 1000’s of dollars to set up a metallic roof on his property close to downtown.“One, it would previous longer. Two, it will past extended. Three, it’ll last lengthier,” McKee said.However, he didn’t conclude up saving as […]
Florida insurance companies leave residents with bill
When Mike McKee’s insurance corporation canceled his coverage in 2021, he compensated countless numbers of dollars to put in a metal roof on his home in the vicinity of downtown. “One, it would past longer. Two, it will very last extended. A few, it will very last for a longer […]
Florida property insurance market unpredictable
An air of uncertainty is brought onto Florida residents every year between the months of June and November. While meteorologists’ predictions may attempt to guess how many named storms may wash over the state, and how strong each may be, nothing is ever certain. This hurricane season, homeowners are dealing with an added […]
Florida ranked 2nd-highest for auto insurance costs
Florida motorists are shelling out a greater portion of their salary on car insurance plan than just about absolutely everyone else in the U.S. That is according to a new report from Bankrate.com that states drivers in the Sunshine Condition expend a whopping 4.42% of their yearly income on automobile […]
Addressing The Property Insurance Crisis By Contract Language: New Endorsement Approved By The Florida Department Of Insurance Regulation | Butler Weihmuller Katz Craig LLP
On November 16, 2021 American Integrity Insurance plan Organization of Florida filed a request for acceptance for an endorsement to its House owners multi-peril policy. The proposed endorsement addresses what are frequently discussed as the principal brings about of the increasing scope and expense of house insurance coverage litigation in […]
Another Florida Insurer Adds Binding Arbitration Endorsement Amid Losses
Heritage House & Casualty Insurance policy Co. described far more losses for the first quarter of 2022 and a spike in its combined ratio. But enterprise officials claimed Friday they are using intense techniques, which include price boosts, plan adjustments and tightened underwriting necessities, to enhance the Florida-domiciled company’s monetary […]
Florida House Black Caucus members took direct action on the House floor during last week’s special session | Florida News | Orlando
In an remarkable display this week in the condition Dwelling chamber, Black Democrats loudly chanted, wore T-shirts that study “Halt the Black Assault,” and staged a sit-in protest that shut down discussion in excess of African American illustration in the redistricting process. “When Black votes are below attack, we stand […]
Embark introduces new auto insurance product tailored to underserved Florida drivers
Embark brings steady charges and honest claims resolution to underserved Florida drivers. Tweet this Embark was started in 2018 to establish and regulate tailor made insurance coverage systems in partnership with leading-rated insurance policies carriers, most generally for market or underserved segments. Its non-conventional automobile program is created to offer […]
Consumer Advocate, Florida Trial Lawyers Concerned about Arbitration in Claims Disputes
Plaintiffs’ attorneys and the state’s insurance consumer advocate are pushing back on Florida insurers’ plans to require arbitration to settle more claims disputes. Some attorneys warned that the plans could lead to legal challenges and potentially more claims litigation. “That’s going to be a real issue,” said Dan Rheaume, a […]