What should government and insurers do?. The legislative process is one of the greatest risks faced by Florida insurers. Changes in statute can affect the availability and affordability of reinsuranceBetz, Bob
“It is the Achilles heel of the Florida real estate market and we are potentially going to gut the middle class in this state,” said Brandes. “They’re going to be paying more on their property insurance than they are on their mortgage.” And for the 140,000 plus homeowners—they’l...
Theft and vandalism account for billions of dollars in damages each year across the Florida and the Southeastern United States. While most property owners’ have homeowners or business insurance and are vigilant in their preparations to deter vandalism of their businesses and their homes or theft ...
property damage insurance claim in Florida, notify your insurance company promptly, secure the premises, consider working with a public adjuster, and keep records; additionally, contact a property damage claims attorney for assistance with complex claims and potential litigation against the insurance ...
Property owners who would like to appeal their property tax assessments are faced with two choices in Florida – they can file a petition to the county value adjustment board or they can file a lawsuit in circuit court. Some attorneys contend that filing a VAB petition is a waste of time ...
The Florida Office of Insurance Regulationconfirmed to 8 On Your Side Thursdaythat 17 insurance companies total are going to be downgraded by the rating agency Demotech. Industry experts say that downgrade will impact hundreds of thousands of families across Florida – including in the Tampa Bay are...
TALLAHASSEE - Florida lawmakers are holding a special session this week in hopes of tackling the state's troubled property insurance system. Governor Ron Desantis called the session amid widespread problems including homeowners losing their coverage and large rate hikes. ...
PROPERTY INSURANCE; Florida Stands AloneRead the full-text online article and more details about "PROPERTY INSURANCE; Florida Stands Alone" - The Florida Times Union, May 29, 2009U.S. NewspapersThe Florida Times Union
Major insurance companies have left the state, unable to make a profit at the rates they are allowed to charge. The catastrophic fund and state-run "insurer of last resort" both are underfunded. In a three-part series, beginning today, the Times-Union analyzes the problems and suggests ...
Florida Home Coverage Problems Florida homeowners insurancehas been in a crisis over the past few years, especially since the bumper windstorm year of 2004. The Sunshine State has been afflicted with many home insurance claims due to hurricanes, tropical storms, flooding and sinkholes. ...