Archives: Florida Insurers

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Draconian Property Insurance Bill Filed in Florida Senate

Senate Bill 408 proposes new Florida insurance laws that harm all policyholders. Florida businesses and homeowners will receive fewer benefits, and insurers will be encouraged to delay, deny and defend claims if this bill becomes law. It takes away a lot of financial peace of mind that insurance currently provides.… Continue Reading

Insurance Rates Go Higher With No Hurricanes?

Amazing as it seems, one insurer plans to increase rates, even though we have gone years without a  hurricane. As reported by Colodny, Fass, Talenfeld, Karlinsky & Abate, First Home Insurance requested a 39.3% overall Homeowners Policy rate increase from the Office of Insurance Regulation. Had the "free insurance market" legislators had their way, First Home could charge their … Continue Reading

The Initial Political Insurance Views of Public Adjuster Frank Artiles

The Colodny, Fass, Talenfeld, Karlinsky & Abate law firm sent a newsletter regarding Freshman House Representative Frank Artiles’ recent teleconference. In "Freshman State Representative Frank Artiles, a Public Adjuster, Meets With Florida Insurance Industry Representatives On Concerns, Commonalities" the lawfirm noted the following:… Continue Reading

Requests for Itemized and Line By Line Appraisal Awards Become More Common

Texas and Florida insurance companies wanting to preserve coverage disagreements and dispute appraisal awards have one thing in common–requests for itemized appraisal awards. Insurance policies have no provision for such itemizations. In construction practice, nobody accepts or places bids with the lowest line by line bid. Only the bottom line counts. Even in jury trials, the itemization … Continue Reading

Sinkhole Investigation Started By Office of Insurance Regulation

The Insurance Commissioner has apparently decided to start calling some of my clients. According to the St. Petersburg Times, his office is trying to find statistical information regarding sinkholes reported between 2006 and 2009. We’ll call and try to find out more information so we can help them get accurate answers, but, in "Florida Regulators … Continue Reading

Claims Deadlines Set for Coral Insurance Company

Coral Insurance Company has been placed in receivership. One aspect of handling claims where the insurer is in receivership is that a statutory time limit exists to file a lawsuit. However, for adjusters and policyholders, before a lawsuit can be filed, a "claim deadline" must first be met. We often get requests shortly before the lawsuit … Continue Reading

According To Florida Statute, An Insurer Cannot Apply A Policy Hurricane Deductible More Than Once During A Calendar Year For Personal Lines Residential Claims

As many people are aware, property insurance policies often have a large deductible for hurricane losses. In Florida, the hurricane deductible can be a percentage of the dwelling policy limit: 2%, 5%, or even 10%. These percentage deductibles can be very large on personal lines residential claims where a policyholder’s house may be insured for … Continue Reading

Crist Vetoes Florida Property Insurance Bill and Keeps True to a Promise He Made Four Years Ago

Politicians who keep their campaign promises should be applauded. They are a special breed, particularly when knowing that such integrity will be criticized. Charlie Crist kept his word to Floridians when he vetoed a property insurance bill that would have allowed insurance companies to raise rates by ten percent each year. His veto is a … Continue Reading

Insurance Lobby Made Property Insurance Bill Which is Awaiting Veto–or No Veto

Today is the day Governor Crist decides the fate of the pending property insurance bill by choosing whether to exercise his veto. Yesterday, investigative journalist Paige St. John‘s article, Lobby Had a Hand in Insurance Bill, was on the front page of the Sarasota Herald-Tribune. While I was unsuccessfully advocating for policyholders this past legislative session, I observed the insurance lobby, … Continue Reading

Civil Remedy Notice Requirements for Florida Bad Faith Claims are Tested

Dennis Wall‘s weekend post, Florida Civil Remedy Notice Insurer Violation Holding: "Sufficiently Specific" Requirement, raises an important issue concerning bad faith cases in Florida. While the Florida Supreme Court ponders common law obligations of good faith in a first party context, as discussed in A Confusing Oral Argument in QBE vs. Chalfonte Baffles the Florida Supreme … Continue Reading

Is the Proposed Property Insurance Bill Bad for the Average Florida Insurance Consumer?

Governor Charlie Crist will certainly be asking himself the question whether the property insurance legislation before him is bad for average Florida insurance consumers. Yesterday’s afternoon post, Pay Higher Premiums and Get Less Coverage Legislation — Can Anybody Explain Why This is Good for Floridians? provided a simple explanation of why many are calling for Governor … Continue Reading

Pay Higher Premiums and Get Less Coverage Legislation — Can Anybody Explain Why This is Good for Floridians?

Governor Charlie Crist should veto the property insurance legislation which passed (SB 2044) and has been presented to the Governor. He made a promise not to raise rates when he became governor. Many other politicians made similar claims about standing up to insurance companies, but they seem to have forgotten. These proposed laws not only raise … Continue Reading

A Guest Letter Calling For a Veto of the Insurance Bill

The Honorable Governor Crist: I respectfully request that you veto the insurance legislation recently passed in SB 2044. While there are many good provisions in this bill including some of the Public Adjusting proposed changes, other provisions will cause great harm to Florida policyholders particularly when the next big storm or other perils impact already … Continue Reading

Selling Property Insurance as “Replacement Cost Insurance” Should Only Be Allowed If Replacement Value is Paid Immediately

Policyholders know when they have been "ripped off" by the fine print of an insurance policy. The most common "rip off" is when insurance companies sell replacement cost insurance and then do not immediately pay replacement cost value. A number of insurance companies, like Chubb and AMICA do not play this "bait and switch" game … Continue Reading