By: Alan Daley, American Consumer Institute, Florida Every year, disreputable attorneys and home-repair contractors launch an Assignment of Benefits (AOB) “open season” on home insurance policy holders. Consumers whose homes are damaged by a leaky pipe or storm damage want quick action by repair contractors to mitigate further damage. Some contractors will not proceed unless…
Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning and boosted their claims reserves and policyholder surplus. The Insurance Journal article notes that the ratings firm said it is also monitoring three insurers — Prepared, Mount Beacon and Elements— that have…
By NANCY KLINGENER For decades, height limits have been a third rail in development discussions in the Florida Keys — nobody wanted to go near them. But more frequent flooding, the prospect of sea level rise and higher insurance rates are all leading to one conclusion in the low-lying island chain — build up. Key West…
For three decades, Florida has offered insurance companies a highly effective, performance-based tax credit that has resulted in tens of thousands of good jobs being created or imported to our state. Not only does this credit bolster our state’s economy in a transparent, accountable way, it also helps ensure insurance rates for Floridians stay as…
A growing chorus of scientists is raising the alarm over reports of Trump administration budgets cuts that would affect climate change research and hurricane forecasting. The Miami Herald article reports that 32 Florida scientists voiced concerns over cuts to NOAA, since budget cuts would affect the network of satellites that help scientists understand weather threats…
March 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 for violations of Florida Ban on…