LEGISLATIVE UPDATE Committee Week 6 2017 PIFF Priorities: AOB Reform– PIFF supports a change to Florida’s “one-way attorney fee” law so that businesses that sue insurance companies are required to pay their own lawyers. PIP Insurance– PIFF members believe that any changes to the PIP law must be thoughtful, comprehensive, and consumer-focused. Any new…
Contact: Michael Carlson President, Personal Insurance Federation of Florida PH: (850) 597-7425 michael.carlson@piff.net FOR IMMEDIATE RELEASE PIFF STATEMENT OPPOSING PREJUDGMENT INTEREST LEGISLATION TALLAHASSEE, Fla. (Feb. 23, 2017) – The Personal Insurance Federation of Florida (PIFF) today issued the following statement regarding its opposition to Senate and House prejudgment interest bills. HB 469, by…
PIFF Statement on HB 221 Feb 21 2017 Contact: Michael Carlson President, Personal Insurance Federation of Florida PH: (850) 597-7425 michael.carlson@piff.net FOR IMMEDIATE RELEASE PIFF PRAISES HOUSE GOVERNMENT ACCOUNTABILITY COMMITTEE FOR PASSING LEGISLATION CLARIFYING INSURANCE REQUIREMENTS FOR TNC DRIVERS TALLAHASSEE, FL, (February 21, 2017) – The Personal Insurance Federation of Florida (PIFF) today applauded the…
PIFF LEGISLATIVE UPDATE Committee Week 5 2017 February 16, 2017 The Personal Insurance Federation of Florida (PIFF) is a leading property & casualty insurance trade association that advocates for a healthy and competitive marketplace for the benefit of insurance consumers in Florida. HB 47 – Relating to Texting While Driving Representative Stark Summary: Revises penalties…
News Service of Florida Rejecting arguments by a chiropractor, a South Florida appeals court Wednesday upheld part of a 2012 overhaul of the state’s person-injury protection auto insurance system. The ruling by the 3rd District Court of Appeal focused on part of the law that limit’s so-called “PIP” benefits to $2,500 for non-emergency conditions. Chiropractor…
Tampa Bay Times Editorial A steady drip usually signals bigger trouble, and this is no exception. Insurance claims and lawsuits for water damage are climbing, and the mess is spreading from South Florida to Tampa Bay. That means trouble for private insurers and the state-run Citizens Property Insurance Corp. And that means trouble for homeowners…
An Update of the Abuse of Assignments of Benefits and its Correlation with One-Way Attorney’s Fees by Mark Delegal and Ashley Kalifeh for Florida Association of Independent Agents, Executive Summary As discussed in FJRI’s 2015 paper,1 the prospect of one-way attorney’s fees has encouraged a growing number of lawyers to partner with various service providers…
Tampa Bay Times, John Romano You do everything the right way. You buy flood insurance, even though you have no lender demanding it. You surround your doors with sandbags for the approaching storm. You evacuate just as local officials ask, even though you are hesitant to abandon the house you bought less than a year…
“An Ohio insurance-rating company has warned that recent court rulings and skyrocketing losses from water-damage claims have created an ‘uncertain operating environment’ for Florida’s property insurers and that is will downgrade the financial stability of 10 to 15 Florida-based companies, potentially threatening the solvency of thousands of homeowners policies.” READ MORE.
“The prospect that a national rating firm might downgrade Florida insurance companies because of rising costs linked to assignment of benefits agreements has lit a fire under advocates of reforming those contracts.” READ MORE.