SUN SENTINEL – OPINION If Florida drivers don’t get a replacement for the state’s overpriced no-fault auto insurance system this year, it will be Tallahassee’s fault. Bills in the House and Senate would abolish the nearly five-decades-old requirement to purchase $10,000 worth of Personal Injury Protection as part of the policy. Five years ago, the…
Florida Politics – Michael Moline Insurance Commissioner David Altmaier laid out his office’s solution to the insurance assignment-of-benefits problem to Gov. Rick Scott and the Cabinet Tuesday, and it includes limiting contractors’ ability to recover attorney fees in litigation against insurance companies. Florida’s one-way attorney fee statute is intended to shield policyholders against legal bills if they want to…
TALLAHASSEE — Florida’s no-fault auto insurance system could be nearing the end of its road. Legislation has again been filed to eliminate personal-injury protection coverage and require motorists to carry bodily injury liability coverage. And lawmakers were told last week that personal-injury protection reforms — championed by Gov. Rick Scott and state Chief Financial Officer Jeff…
Palm Beach Post – Charles Elmore Florida drivers pay among the nation’s highest insurance premiums for relatively low coverage amounts, a state Senate panel heard Tuesday as discussion begins on whether to end the state’s no-fault system after four decades. “Florida has the fifth highest auto premiums in the country despite its mandatory limits being…
Michael Moline – Florida Politics The chairwoman of the Senate Banking & Insurance Committee foresees changes to Florida’s personal-injury protection, or PIP, mandate for auto insurance, but wants assurances reform will reduce premium costs. “I think that this is an issue that you will see some legislation that will come before this committee at a…
CBSMIAMI.COM: Facebook | Twitter TALLAHASSEE (CBSMiami/NSF) – Increases in water-damage claims — primarily in South Florida — will likely reverse years of downsizing by the state-backed Citizens Property Insurance, board members were advised Wednesday as they approved a hike in the corporation’s operating budget. Citizens President and CEO Barry Gilway said efforts to shed policies have already slowed…
By Jim Turner, The News Service of Florida TALLAHASSEE, Fla. – Increases in water-damage claims — primarily in South Florida — will likely reverse years of downsizing by the state-backed Citizens Property Insurance, board members were advised Wednesday as they approved a hike in the corporation’s operating budget. Citizens President and CEO Barry Gilway said…
Florida Trend – News Release Rising water claims and “out of control” litigation threaten the Citizens Property Insurance Corporation’s long-term financial stability and will stifle efforts by Citizens to offer premium breaks to policyholders in 2017, Citizens leaders stressed during a governing board meeting on Wednesday. Barring significant changes, including possible legislative action on assignment…
St Augustine Record – Sheldon Garner As people work to return to their homes impacted by Hurricane Matthew, some might end up being charged more than they should for repair work or running into other problems. With pressures surrounding rebuilding and being displaced after a storm, it becomes common to hear stories of homeowners who…
Citizen Property Insurance is in a crisis. And it has nothing to do with the usual suspects troubling the state-run homeowners insurance company: sinkholes or hurricanes. You can’t even blame Hurricane Matthew for this. Read Full Article