Statement from the Florida Property & Casualty Association

May 12th, 2017|Opinion Pieces|

As the 2017 Florida Legislative Session has ended, we once again find the state without a solution to the Assignment of Benefits crisis, which is raising home insurance costs and threatening to make home ownership unattainable for many. Insurance is meant to make homeowners whole when they experience a covered loss, not line the pockets [...]

Sun-Sentinel: State gives insurers higher rate hike than they requested

May 9th, 2017|Daily News, Opinion Pieces|

For South Florida homeowners, 2017 already figured to be a year of steep property insurance rate increases. Read more from the Sun-Sentinel here

Sun-Sentinel: Property insurance claims must be sorted out | Editorial

May 8th, 2017|Opinion Pieces|

Because of the Legislature's inaction, Floridians will get no property insurance relief this year. There is debate about how the state should respond to what insurers contend are excessive claims for non-emergency water damages. Unfortunately, the Legislature didn't even have the debate. Read more from the Sun-Sentinel here

Sun-Sentinel: Time running out in Legislature for insurance reform

April 13th, 2017|Daily News|

Once again, the end of Florida’s spring legislative session is drawing near and the property insurance industry is starting to worry that chances to enact reforms to stem financial losses are slipping away. Read more from the Sun-Sentinel here

Consumer Protection Coalition: “Time to Act on AOB Fraud & Abuse is Today”

April 7th, 2017|News Releases|

In front of the Florida House Chamber, the Consumer Protection Coalition, a  broad-based group of business leaders, consumer advocates, real estate agents, construction contractors, insurance agents and insurance trade groups, today called on Florida lawmakers to protect Florida consumers and pass meaningful reforms to end Assignment of Benefits (AOB) abuse in the Sunshine State. "We [...]

CONSUMER ALERT: It’s Time to Evaluate Your Flood Insurance Coverage Before the Start of Hurricane Season

April 5th, 2017|Daily News|

Insurance Commissioner David Altmaier is encouraging consumers to have flood insurance protection in place for their homes and businesses prior to the start of this year’s hurricane season. A basic homeowners insurance policy does not provide coverage for flooding. This coverage must be purchased separately through either the federally-administered National Flood Insurance Program (NFIP) or [...]

Insurance Journal: Citizens Posts Net Loss of $27M for 2016; Says Water Losses, AOB Abuse to Blame

March 31st, 2017|Daily News|

Citizens Property Insurance Corp. will post a net loss for 2016, its first loss in more than a decade, as water loss claims, assignment of benefit (AOB) abuse and litigation costs increasingly impact the company’s bottom line, according to a statement from the Florida state-run insurer. Read more from the Insurance Journal here

Florida Politics: Consumer Protection Coalition launches ad on Assignment of Benefits claims

March 28th, 2017|Daily News|

The Consumer Protection Coalition launched a radio and television ad campaign Monday to warn homeowners of how Assignment of Benefits abuse could cause insurance rates to skyrocket in Florida. Read more from Florida Politics here

Florida Politics: Chamber laments the rise of trial bar’s influence with Florida Legislature

March 23rd, 2017|Daily News|

The business community believes trial lawyers hold the upper hand in the Legislature for the first time in years. The business community is not happy about that. Read more from Florida Politics here

Sun-Sentinel: Florida property insurers avoid ratings downgrades

March 21st, 2017|Daily News|

Despite warnings in February of looming downgrades, insurance ratings firm Demotech has decided not to reduce financial strength ratings of any Florida carriers below A. Read more from the Sun-Sentinel here