Consumers Need Legislative Fix to Home Repair Scam

on July 19, 2015 the Miami Herald ran the following op-ed by PIFF Executive Director Michael Carlson: For three years, state lawmakers have received mounting evidence about a scam in which frazzled homeowners are unknowingly signing away their insurance benefits to shady vendors during home repair emergencies. This spring’s annual legislative session melted down with…

Florida Homeowner Insurers Deluged by Assignment of Benefit Lawsuits

Although hurricane season has yet to cause havoc this year, 2015 has already been a brutal year for insurance companies which provide homeowners’ coverage in Florida. The problem for property insurers? No one is willing to take a firm position against the surge of Assignment of Benefits (AOB) lawsuits, which are proliferating to the point…

Citizens’ Board OKs Proposed 2016 Rates

Citizens Property Insurance Corp.’s board of governors on Wednesday approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while addressing increased water loss claims and inadequate rates for its remaining policyholders along the coast. By a unanimous vote, the board approved an overall rate increase of 3.2 percent…

Court Sides with Contractors in Insurance Battle

Wading into a high-profile issue in the insurance industry, a South Florida appeals court Wednesday sided with contractors who do emergency repair work for homeowners and pursue payments from insurance companies. The controversial issue centers on a practice known as “assignment of benefits,” which involves homeowners signing over insurance-policy benefits to contractors who do work…