Property Insurance Coverage Law

AUGUST 6, 2024

Florida’s property insurance market is facing unprecedented challenges, leaving policyholders with inadequate coverage at significantly higher rates. The term “shrinkflation,” commonly associated with consumer goods, is now being used to describe a troubling trend in the insurance industry.

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Property Insurance Policyholder Insurance Industry Insurer 188

Property Insurance Coverage Law

SEPTEMBER 13, 2024

William Rabb of the Insurance Journal wrote an article, Study Stirs Debate on Real Impact of Litigation, Fraud on Property Insurance.

Insurance Industry 203

Insurance Industry Property Insurance Insurer Insured 203

Property Insurance Coverage Law

OCTOBER 24, 2024

The recently issued Emergency Rule 69BER24-4 in Florida creates a concerning conflict with Xactimate’s license agreement, highlighting yet another way the insurance industry exercises control over claims adjusting practices.

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License Insurance Industry Property Insurance Claim 189

Property Insurance Coverage Law

FEBRUARY 4, 2025

Stakeholders within the insurance industry have rightfully been calling for more leadership … The post Where Is the National Plan for Structural Resiliency? If there is to Be Available and Affordable Insurance, Then Property Has to Be More Resilient to Damage appeared first on Property Insurance Coverage Law Blog.

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Damage Property Insurance Insurance Industry Building 165

Property Insurance Coverage Law

OCTOBER 23, 2024

Governor DeSantis’s response to the CBS 60 Minutes exposé on … The post The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry?

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Policyholder Insurance Companies Insurance Industry Protection 214

Insurance Journal

SEPTEMBER 2, 2024

And he may be the best friend the Florida property insurance industry has. He’s been called “eccentric,” a “do-gooder,” a “troublemaker” and a whistleblower. A mechanical engineer based in Edgewater, George Miles has filed formal complaints with the Florida Board …

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Property Insurance Insurance Industry Insurer Insured 306

Insurance Journal

NOVEMBER 22, 2024

Weiss Ratings, a Palm Beach Gardens financial ratings firm, sparked some outrage from the Florida insurance industry in recent weeks after it released reports contending that some of Florida’s largest property insurers were closing almost half of their hurricane claims …

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Property Insurance Insurance Industry Insurer Insured 279

Property Insurance Coverage Law

OCTOBER 2, 2024

Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry.

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Claim Property Insurance Damage Insurance Industry 279

Insurance Journal

NOVEMBER 6, 2024

By this time next year, plaintiffs lawyers, who have frequently been held up as thorns in the side of the Florida property insurance industry for their sometimes-aggressive pursuit of policyholder claims litigation, could have a stamp of credibility to brandish …

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Policyholder Property Insurance Insurance Industry Claim 264

Tosten Marketing

FEBRUARY 27, 2025

Commercial property insurance water damage coverage is a complex topic with many nuances. What Water Damage Does Commercial Property Insurance Cover? Commercial property insurance covers several types of water damage, but understanding the specifics is vital. What Water Damage Isn’t Covered?

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Commercial Property Property Insurance Damage Commercial 52

Insurance Journal

SEPTEMBER 23, 2024

The Florida Surplus Lines Association, which notes it provides a safety valve for Florida’s property insurance industry, named new officers for 2024-2025 at its recent annual convention in Tampa. President: Virginia Clancy, TAPCO Underwriters President-elect: Albert Geraci, Risk Placement Services …

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Underwriter Underwriting Property Insurance Insurance Industry 263

Property Insurance Coverage Law

FEBRUARY 23, 2025

His work has unveiled a deeply concerning pattern within Florida’s insurance industry, noted in the story: Secret Study Found Florida Insurers Sent Billions to Affiliates While Crying Poor. Investigative reporter Lawrence Mower deserves some type of award and thanks.

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Property Insurance Insurer Insured Insurance 100

Insurance Journal

SEPTEMBER 15, 2024

And he may be the best friend the Florida property insurance industry has. By William Rabb He’s been called a “do-gooder,” a “troublemaker” and a whistleblower. A mechanical engineer based in Edgewater, George Miles has filed formal complaints with the …

Property Insurance 245

Property Insurance Insurance Industry Insurer Insured 245

Majesco

FEBRUARY 27, 2025

The Protection Gap Challenge Denise Garth I read last week where, in some cases, people’s mortgage payments which include taxes are now less than their property insurance. The rise in property values due to inflation and increased risk have increased prices. It’s a crisis. Contact Majesco today!

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Insurance Industry Insurer Insured Insurance 74

Property Insurance Coverage Law

OCTOBER 25, 2024

In my recent articles, The Façade of Consumer Protection: How Florida’s Political Leadership Continues to Favor Insurance Companies Over Policyholders — Are Florida’s Politicians in Bed with the Insurance Industry and Florida’s Emergency Ethical Rule Conflicts with Xactimate’s License Agreement – Another Example of Insurance Industry Control in Florida, (..)

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Policyholder License Insurance Industry Property Insurance 203

Property Insurance Coverage Law

NOVEMBER 26, 2024

Florida’s insurance regulators are serving subpoenas on a critic who dared to spotlight glaring issues in the insurance industry. Instead of addressing the industry’s woes, they’ve … The post Florida Insurance Regulators Perfect Their Aim—At the Wrong Target! Yes, you read that right.

Property Insurance 214

Property Insurance Insurance Industry Insurer Insured 214

Property Insurance Coverage Law

OCTOBER 29, 2024

One thing everybody notices in Tallahassee is that there is an army of paid lobbyists and professional proponents of the insurance industry who show up at hearings.

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Property Insurance Insurance Industry Insurer Insured 203

Property Insurance Coverage Law

OCTOBER 1, 2024

Heritage Insurance (HRTG) lost 20% of its publicly traded value yesterday following the recent CBS 60 Minutes investigation into alleged insurance fraud in Florida, which has sent shockwaves through the insurance industry.

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Property Insurance Damage Insurance Industry Insurance Companies 203

Property Insurance Coverage Law

NOVEMBER 1, 2024

Not a day passes without reading something about double-digit increases in the cost of home insurance. The insurance industry claims the increases are a result of inflation, climate change, and consumers filing more claims. While to some extent that may … The post Are Home Insurance Consumers Being Duped?

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Home Insurance Casualty Insurance Property Insurance Insurer 189

Property Insurance Coverage Law

AUGUST 8, 2024

There must have been a lot of “at a boy” congratulatory text messages from insurance industry lobbyists to Florida CFO Jimmy Patronis after they read the Insurance Journal article, Florida CFO Issues Order on ‘Despicable’ Public Adjusters as Debby Floods Carolinas. appeared first on Property Insurance Coverage Law Blog.

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Property Insurance Insurance Industry Insurer Insured 185

Property Insurance Coverage Law

OCTOBER 18, 2024

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries.

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Policyholder Compensation Insurer Insured 189

Property Insurance Coverage Law

AUGUST 19, 2024

Can you imagine a business industry trade group going to politicians asking for laws that prevent others from collecting valid debts from them? That is exactly what the insurance industry has accomplished in Florida with recent changes in law. Most would be laughed out of town.

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Policyholder Insurance Companies Property Insurance Insurance Industry 189

Insurance Journal

JANUARY 8, 2025

There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions of dollars of destruction across the southeastern United States. These latest storms have shown that no region is safe from …

Insurance Industry 278

Insurance Industry Insurer Insured Insurance 278

Prof. Allan Manning

FEBRUARY 24, 2023

Tomorrow, the 25th of February 2023 marks the 24th anniversary of the start of the LMI Group.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insurer 130

Insurance Journal

OCTOBER 20, 2024

We are disappointed but unsurprised that an insurance industry lobbyist would mischaracterize an emergency order meant to stop insurance abuses as a “rule on public adjusters.” ” As Insurance Journal itself made clear in an Oct.10 10 story that does not even …

Insurance Industry 203

Insurance Industry Insurer Insured Insurance 203

Property Insurance Centre

JANUARY 4, 2024

Emerging Property Insurance Trends 2024 Welcome to our guide on emerging trends in the property insurance industry. As we dive into the evolving landscape of property insurance, it’s important to stay informed about the latest trends and challenges affecting the market. Hurricane Harvey 2017 92.0

Property Insurance 52

Property Insurance Commercial Property Liability Insurer 52

Bankers Insurance

AUGUST 8, 2024

THE IMPORTANCE OF ACCURATE VALUATION IN COMMERCIAL PROPERTY INSURANCE When purchasing or renewing commercial property insurance , it’s important for businesses to ensure their coverage includes correct property valuations. Additionally, property undervaluation can result in coinsurance penalties.

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Commercial Property Property Insurance Commercial Out-Of-Pocket 59

Jackson & Jackson

MAY 22, 2024

Investors must understand the importance of securing comprehensive commercial property insurance coverage to protect their investments. This article aims to provide an in-depth overview of ensuring multi-unit commercial properties in California, highlighting key considerations for investors.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurer 52

Property Insurance Coverage Law

DECEMBER 15, 2024

I have a vision of Amy Bach, the Executive Director of United Policyholders, jumping for joy as she read the North Carolina Supreme Court opinion, which the insurance industry must think of as a Friday the 13th ruling.

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Policyholder Damage Property Insurance Insurance Industry 100

Property Insurance Coverage Law

NOVEMBER 10, 2024

But here’s the reality – like that annoying relative who you can’t stand but need … The post The Insurance Industry’s Profitable Paradox: Why We Need Financially Strong Insurance Companies (Even Though They Sometimes Drive Me Crazy) appeared first on Property Insurance Coverage Law Blog.

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Insurance Companies Property Insurance Insurer Insured 100

Property Insurance Centre

OCTOBER 18, 2024

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis , with extreme weather events such as storms and flooding becoming more frequent and costly.

Property Insurance 52

Property Insurance Premium Insurer Insured 52

Property Insurance Centre

MARCH 19, 2024

Understanding Consumer Education and Property Insurance As an informed consumer, education on consumer rights and property insurance is crucial. It empowers individuals to make informed decisions about insurance coverage and understand their policy rights.

Property Insurance 52

Property Insurance Policyholder Insurer Insured 52

Prof. Allan Manning

APRIL 7, 2024

We will be introducing 3 new important categories for 2025 to honour those that can make or break the way the insuring public view the vital service that the general insurance industry delivers to Australia. Thank you in anticipation and if you are in Sydney on 25 th July please come along.

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Claim Insurance Industry Business Interruption Insurer 130

Tosten Marketing

MARCH 3, 2025

Its diverse user base makes it ideal for connecting with potential clients, particularly for life and property insurance needs. Let’s explore how to craft content that captures attention and drives engagement in the insurance industry. billion active users. A mix of informative and practical posts works best.

Insurance Agency 52

Insurance Agency Insurer Insured Insurance 52

Triple-I: Homeowners Insurance

OCTOBER 14, 2024

AM Best and Fitch Ratings each issued reports last week warning that Milton could stretch liquidity of Florida-based residential insurers that are primarily focused on protecting in-state homeowners. But experts closer to Florida’s insurance industry cast doubt on those assertions.

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Premium Risk Home Insurance Claim 111

Prof. Allan Manning

FEBRUARY 24, 2024

Today marks LMI Group’s quarter century of service to the insurance industry and wider communities. March 2010: Launch of LMI Mobile Under-insurance Calculator, believed to be the world’s first iPhone application for the insurance industry. May 2012: LMI launch PolicyComparison.co.uk

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Business Interruption Claim Policy Insurance Industry 130

Insurance Journal

JANUARY 16, 2025

One Call, a provider of ancillary care services for the workers’ compensation market, based in Jacksonville, named Nicholas Mendez as chief executive officer, starting Feb. Mendez succeeds Jay Krueger, who will continue working with One Call through the end …

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Compensation Insurance Industry Insurance Agency Property Insurance 241