HCI Group Appoints Karin Coleman to Executive Vice President

December 13th, 2017|Newsroom|

TAMPA, Fla., Dec. 12, 2017 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE:HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, today announced the appointment of Karin Coleman to Executive Vice President. Coleman has led the company’s corporate services department since 2009. Among other responsibilities, she [...]

Approval of rate increases for Citizens insurance customers underscores need for Assignment of Benefits (AOB) reform

December 7th, 2017|News Releases|

This week’s approval of rate increases for policyholders in Citizens Property Insurance Corp. shows that Assignment of Benefits abuse is having a direct pocketbook impact on Florida families and is another clear indication that the Florida Legislature must resolve the AOB problem in the 2018 session. On Wednesday, the Florida Office of Insurance Regulation approved [...]

Jacksonville Business Journal: Florida House wades into property insurance controversy

November 14th, 2017|Daily News|

A House committee on Tuesday backed changes to a controversial practice that insurers and business groups blame for “skyrocketing” property-insurance rates in Florida. Read more from the Jacksonville Business Journal here

Florida Politics: Lawmakers foresee ‘headwinds’ in passing major insurance legislation

November 6th, 2017|Newsroom|

Republican Sen. Anitere Flores, who represents the Irma-battered Florida Keys, said Friday that property insurance will be the “main” insurance issue she will tackle in the upcoming legislative session. Read more from Florida Politics here

Sun-Sentinel: Florida homeowners need break from assignment-of-benefits lawsuits

November 2nd, 2017|Opinion Pieces|

The following is an opinion piece authored by Harold Kim, executive vice president of the U.S. Chamber Institute for Legal Reform.  Florida consumers are used to paying higher insurance premiums in the wake of devastating hurricanes. But an entirely preventable, human-driven phenomenon is now driving rates even higher: Assignment-of-benefits (AOB) claims, in which home-improvement contractors and [...]

Wall Street Journal: What Could Raise Hurricane Irma’s Costs? Letting Contractors Handle Claims

October 23rd, 2017|Daily News|

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 to sign a document giving the contractor the rights to her homeowners insurance benefits, she said. In exchange, they offered to repair her home [...]

Consumer Protection Coalition Hits Airwaves Warning Florida Homeowners of AOB Abuse

September 28th, 2017|Daily News|

Below is a link to view a video produced by the Consumer Protection Coalition, which educates consumers on assignment of benefits issues. The Consumer Protection Coalition is a group of Florida associations, including the FPCA, working together to educate the media and legislators on AOB abuses. Click here to view the video

Palm Beach Post: After Hurricane Irma – How emergency insurance order affects you

September 14th, 2017|Daily News, News Coverage|

An emergency order from Florida’s insurance commissioner issued Wednesday evening gives consumers special protections after Hurricane Irma, including 90 additional days to file claims and a temporary freeze on rate hikes and cancellations. Read more from the Palm Beach Post here

Florida Property & Casualty Association Member Companies Ready to Assist Homeowners After Hurricane Irma

September 13th, 2017|News Releases|

In the aftermath of Hurricane Irma, the member companies of the Florida Property & Casualty Association (FPCA), an industry trade group comprised of Florida-based homeowners insurance companies, are prepared to help customers. “Our member companies are ready to go and working diligently to help make disaster victims whole again,” said William Stander, FPCA Executive Director. [...]

Insurance Journal: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida

September 7th, 2017|Daily News, News Coverage|

Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the U.S. Read more from the Insurance Journal here