Biggest Citizens rate hikes aim at South Florida as contractors fume A restoration company president who has spoken out in meetings around the state questioned how it’s a fair choice for consumers, who have little way to know when water …

  At its meeting in Maitland, Florida today, June 20, 2017, Citizens Property Insurance Corporation’s (“Citizens’”) Board of Governors (“Board”) approved recommended rates and policy changes for 2018 that reflect what the State-run insurer describes as “rising non-weather water losses, …

  Flood Insurance Plans Unite Rubio, Warren, But Upset Florida Agents Watchdogs including Congress’ General Accounting Office have questioned as unfounded more than $10 Billion in Fees since the 1980s to the Private Middlemen. Under a Program called Write Your Own, Agents …

  Bestowed with a landmark recognition at a milestone insurance industry event, Colodny Fass Shareholder Maria Elena Abate was one of five venerable fraud-fighters nominated as “Insurance Defense Attorney of the Year,” at the recent Florida Insurance Fraud Education Committee‘s (FIFEC’s) 25th Anniversary …

  The National Association of Insurance Commissioners’ (“NAIC”) Public Adjuster Working Group will hold a conference call on Monday, June 26, 2017 (12:00 p.m. Eastern/11:00 a.m. Central/10:00 a.m. Mountain/9:00 a.m. Pacific) to discuss its proposed workstreams.  Those include:   Development of …

  During its meeting yesterday, June 15, 2017, Florida’s Citizens Property Insurance Corporation’s (“Citizens”) Consumer Services Committee reviewed proposed changes to the method by which it values personal lines coverage for mobile homes.   Citizens explained that, in 2011, it began …

  Florida Insurance Commissioner Calls For Assignment Of Benefits Changes Commissioner Altmaier is weighing changes to claims forms—things like narrowing the definition of emergency mitigation or imposing requirements for notifying an Insurer—that he believes could discourage Fraud. Nick Evans reports …

  The full U.S. House Committee on Financial Services is meeting in an open session this morning, June 15, 2017, to mark up various legislation relating to the reauthorization of the National Flood Insurance Program. The Committee will meet on …

  Reinsurers in Florida Advised Caution Over AOB Epidemic If the Assignment of Benefits Epidemic sweeping Florida continues unchecked, insurers with weaker capitalisation could see rating downgrades or be put out of business entirely, while Reinsurers’ Credit Risk Skyrockets.  Reinsurance …

  The opportunity to submit written comments is open until July 5, 2017 on proposed Rules relating to the certification of neutral evaluators used in neutral evaluations for sinkhole insurance claims in Florida. Subsection 627.7074(18), F.S. was amended in 2016 …