Assignment of benefit contracts blamed for upending insurance market in Florida Wall Street Journal By Nicole Friedman and Leslie Scism Oct. 23, 2017 7:00 a.m. ET Within hours of a fire at Kelly Laub’s four-bedroom house in New Smyrna Beach, Fla., in June, four contracting companies showed up to offer rebuilding services. Each vendor wanted Ms. Laub…
For Immediate Release: October 12, 2017 Contact: Ashley Carr (850) 413–2842 CFO Patronis Deploys Insurance Experts to the Florida Keys TALLAHASSEE, Fla. – Chief Financial Officer Jimmy Patronis today announced that the Department of Financial Services is sending insurance specialists to the Florida Keys to assist with the handling of Hurricane Irma…
By Troy Kinsey, Capitol Bureau Reporter Last Updated: Wednesday, September 20, 2017, 7:11 PM EDT TALLAHASSEE — As a potentially long and arduous insurance claims process begins for hundreds of thousands of Floridians with property damaged by Hurricane Irma, consumer advocates are warning homeowners against allowing contractors to handle their claims through a relatively obscure process known as assignment of…
Florida Record Michael Carroll Sep. 18, 2017, 7:02am TALLAHASSEE — Florida insurance companies are warning property owners who sustained damage from Hurricane Irma to avoid fraud by not signing away their insurance rights to third parties.The Personal Insurance Federation of Florida (PIFF) issued a similar warning last week. “Homeowners should … be cautious of unscrupulous…
For Immediate Release: September 18, 2017 Contact: Amy Bogner/Karen Kees (850) 413-2515 press@floir.com CONSUMER ALERT: Know What You Are Signing for Repairs After Hurricane Irma Tallahassee, Fla. – Insurance Commissioner David Altmaier is encouraging Floridians who are now dealing with the aftermath of Hurricane Irma and assessing damage to their homes and…
For Immediate Release: September 15, 2017 Contact: Amy Bogner/Karen Kees (850) 413-2515 press@floir.com CONSUMER ALERT: FEMA/NFIP Announce Enhanced Claims Filing Process for Flood Insurance Policyholders Affected by Hurricane Irma Tallahassee, Fla. – The Florida Office of Insurance Regulation is sharing guidance issued by the Federal Emergency Management Agency (FEMA) addressing the claims process for its…
Barry Gilway, CEO of Citizens Property Insurance Corp., in Miami, Fl., Sept. 6. By Wall Street Journal The Editorial Board Sept. 12, 2017 7:17 p.m. ET These columns are often critical of government, especially when public officials put taxpayers on the hook for future risks. Think Fannie Mae, or federal flood insurance. So it’s worth…
September 13, 2017 By Amy O’Connor, Insurance Journal As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse. Florida regulators, carriers, industry trade groups and lawmakers are all echoing…
Michael Moline Florida Politics September 13, 2017 Gov. Rick Scott has ordered a three-month freeze on insurance rate increases for homeowners struggling to recover from Hurricane Irma — plus a three-month grace period for policyholders who received non-renewal or cancellation notices just before the storm hit. “Due to the devastating effects of Hurricane Irma, Floridians should be…
For Immediate Release: September 13, 2017 Contact: Ashley Carr (850) 413–2842 PHOTO AND VIDEO RELEASE: CFO Patronis Tours Hurricane Irma Damage In Hillsborough County Click HERE to watch the full video. TAMPA, Fla. – On Tuesday, CFO Jimmy Patronis toured impacts of Hurricane Irma in Hillsborough County with Hillsborough County Fire Rescue…