In October of last year I wrote a blog on the Florida Legislature’s efforts to alter the laws regarding Assignment of Benefits.Since that time, there have been some changes to the bills (House Bill 1097 and Senate Bill 596) as originally drafted. In particular, Senate Bill 596 underwent some significant changes just this week. The new bill can be viewed in its entirety here.

Continue Reading Update on Assignment of Benefits Legislation

We are at the start of Florida’s Legislative Session for 2016. As usual, policyholders have much to be wary of when the Legislature meets. Besides losing Insurance Commissioner Kevin McCarty, (click here for a great editorial on his tenure), the industry is pursuing its usual wish list. Despite years of Florida’s Legislature passing pro-industry legislation—with no hurricanes—we continue to have the highest property insurance rates in the country. Consumers continue to be told that pro-industry legislation will lead to lower rates and a better market. Unfortunately, Florida’s consumers are paying more for policies that offer less coverage. Notwithstanding that fact, here is a partial list of one group’s legislative priorities for the upcoming session:

Continue Reading Legislative Session 2016 – Some Things Never Change

Initially introduced in January 2014, Assembly Bill No. 231 made its way before New Jersey lawmakers during a committee hearing on December 10, 2015. The bill, "establishes a private cause of action for insureds or their assignees regarding unfair practices in the settlement or attempted settlement of insurance claims arising out of a declared disaster."

Continue Reading New Jersey Legislature Considers a Bad Faith Statute for Catastrophe Claims

Florida lawmakers are being asked to license property insurance umpire and appraisers. While it is uncertain whether House Bill 79 will pass and become the law of the State of Florida, the insurance and banking committee voted 10 to 3 to let the bill continue on to the next committee stop.

Continue Reading Insurance and Banking Subcommittee Votes in Favor of Regulating Umpires and Appraisers

Readers of this blog know my position on the ability of Tallahassee to “fix” what they perceive as a “problem” with regard to property insurance. Once Tallahassee gets involved in an issue, it usually gets resolved in a way that hurts policyholders. SB 596 is a perfect example of this phenomenon. Regardless of how you feel about the Assignment of Benefits issue, SB 596 (proposed by Senator Hukill) makes some very serious changes to the laws governing AOBs. The entire bill is attached but the highlights are below.

Continue Reading Hot off the Presses…a Proposed Assignment of Benefits “Fix” from Tallahassee

On November 9, 2015 at 11am, CAPIA renews its fight against Senate Bill 488 after the bill turned into a two year bill earlier this year. CAPIA will hold an informative membership general meeting to discuss the bill and reach out to all public adjusters to invite and encourage input into the needs of the consumer from 11am to 2pm at Maggiano’s Little Italy, located at South Coast Plaza, 3333 Bristol St, Costa Mesa, California 92626.

Continue Reading CAPIA Calls Out to All Licensed Public Adjusters for November 9, 2015 Meeting at Maggiano’s Little Italy in Orange County, South Coast Plaza