Private Insurers Piggybacking on Citizens’ New Claims Restrictions

Private insurance companies are lining up to request state approval of two key policy revisions intended to reduce losses from a practice called “assignment of benefits.” In late March, the state Office of Insurance Regulation approved requests by Citizens Property Insurance Corp. to limit the cost of emergency repairs after water breaches or other emergencies…

67 Apply to Become State’s Next Insurance Commissioner

Peter Schorsch  SPB Gov. Rick Scott and the Florida Cabinet now have 67 names to pick from for state Insurance Commissioner. They decided to take more applications for the job after the March 29 Cabinet meeting, setting an April 15 application deadline. Scott and Chief Financial Officer Jeff Atwater had each favored two different candidates: Retired executive Jeffrey Bragg and state Rep. Bill Hager, a former Iowa insurance commissioner, respectively. Scott and…

Action 9: Orange County Man Says Roofing Company Hijacked His Insurance Claim

ORLANDO,Fla. — An Orange County man says a roofing company hijacked his insurance claim for hail damage that didn’t exist. Tony Annunziato blames the company for a questionable inspection and threats to sue his insurance company. He said he had a small roof leak, but an inspector from ELR Restoration claimed there was much more. “They said hail damage, there…

People In and Out of Citizens Property Insurance Had a Bad Year in the Florida Legislature

TALLAHASSEE — There is little relief coming for homeowners facing crushing rate increases after being nudged (some would say shoved) out of the state-run property insurance company. And those left in Citizens Property Insurance Corp. could be facing big increases of their own because of another failure in the Legislature. In short, it was a…