Lawmakers Set to Take Another Stab at Fixing Insurance Claims Abuses

Sun Sentinel – Ron Hurtibise Groundhog Day isn’t until Feb. 2, but two legislative meetings scheduled next week in Tallahassee will likely have a “been-there, done-that” feel to many of the participants. Banking and insurance panels from the state Senate and House will kick off this year’s efforts to solve the “assignment of benefits” problem…

Water Claims Could Lead To More Citizens Policies

CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami/NSF) – Increases in water-damage claims — primarily in South Florida — will likely reverse years of downsizing by the state-backed Citizens Property Insurance, board members were advised Wednesday as they approved a hike in the corporation’s operating budget. Citizens President and CEO Barry Gilway said efforts to shed policies have already slowed…

Water Claims Could Lead to More Citizens Policies

By Jim Turner, The News Service of Florida TALLAHASSEE, Fla. – Increases in water-damage claims — primarily in South Florida — will likely reverse years of downsizing by the state-backed Citizens Property Insurance, board members were advised Wednesday as they approved a hike in the corporation’s operating budget. Citizens President and CEO Barry Gilway said…

Litigated Water Claims, ‘Assignment of Benefits’ (AOB) to Top Citizens 2017 Challenges

Florida Trend – News Release Rising water claims and “out of control” litigation threaten the Citizens Property Insurance Corporation’s long-term financial stability and will stifle efforts by Citizens to offer premium breaks to policyholders in 2017, Citizens leaders stressed during a governing board meeting on Wednesday. Barring significant changes, including possible legislative action on assignment…

Pricier Than Necessary Hurricane Repairs in St. Johns County Could Become a Concern, Official Says

St Augustine Record – Sheldon Garner As people work to return to their homes impacted by Hurricane Matthew, some might end up being charged more than they should for repair work or running into other problems. With pressures surrounding rebuilding and being displaced after a storm, it becomes common to hear stories of homeowners who…

Editorial: Florida Water Scam Is Soaking Consumers, Must Be Plugged

Palm Beach Post – August 30, 2016 State-backed Citizens Property Insurance Corp. is looking for a 9 percent increase from Palm Beach County homeowners – and an average 6.8 percent statewide – even though there hasn’t been a hurricane in more than 10 years. The reason has nothing to do with the ravages of nature.…

POINT OF VIEW: Contractor Took Advantage, Now Trying to Soak My Insurer

Palm Beach Post I recently attended a forum hosted by Florida’s Insurance Consumer Advocate Sha’Ron James in Boca Raton to discuss the explosion in insurance claims related to water damage. During the event, multiple speakers talked about problems associated with Assignment of Benefits (AOB), and how it is harming the insurance market and increasing rates…