Tag Archives: Florida
The Value in Florida’s Valued Policy Law: The Importance of Being Adequately Insured
Florida Statute §627.702 is Florida’s Valued Policy Law. In short, the Valued Policy Law provides an insurer is liable for policy limits if a covered loss destroys a covered structure. This is significant because when disaster strikes, polic…
Florida Dodges Bullet as Citizens Tries to Circumvent the Process to Raise Rates
If you’ve been paying attention to the news cycle the past few days, you’ve probably heard a familiar story – Citizens Property Insurance Corporation, your state-run insurer of last resort, is trying to raise rates on Florida policyho…
Florida’s Most Vocal Insurance Industry Watchdog Seeks Familiar Home
In case you haven’t seen the news, Senator Mike Fasano, one of Florida’s most vocal and effective advocates on insurance issues, recently announced his intention to run for the Florida State House of Representatives. This, of course, comes …
Surplus Lines Bill (HB 245) Likely Dead Following Addition of Pro-Consumer Amendments
After being postponed every day for more than a week, House Bill 245 was finally heard in the Senate yesterday. Though the bill eventually passed, it was not before several significantly pro-consumer amendments were tacked on. The resulting version of …
Bill to Allow Unregulated Surplus Lines Insurers to Cherry-Pick Citizens Property Insurance Corporation Policies Is On Hold in the Senate
In Tallahassee, nothing is for certain until it is signed by the Governor. Sometimes, even when a bill’s passage looks like a near certainty, something happens behind the scenes to put on the brakes.Last week, that is exactly what happened to HB …
The "Appeal" Of Appraisal To Florida Insurers
In the past year, Jeremy Tyler and I have written several posts on the Condominium Insurance Law and Property Insurance Coverage Law blogs about the increasing amount of litigation over policyholders’ rights to appraisal. Many of the cases h…
Proposed Changes to the Public Adjuster Code Attempts to Define "Direct Supervision" of Apprentices – Among Other Changes
The introduction of the Florida Public Adjuster Apprentice requirement has caused many adjusters to seek clarification. With the intent to give some clarification, the Florida Department of Financial Services will be discussing drafted proposed changes…
When Does Florida Allow for the Recovery of Attorneys’ Fees?
Many policyholders face a thorny dilemma in disputing their insurance claim because of the fees and costs associated with litigation and the appraisal process. Even when a policyholder prevails and proves an insurer underpaid or a wrongfully denied&nbs…
Citizens’ Policyholders Should Speak Out and Take a Listen
Folk singer Kevin Roth, thinks now is the time for Floridians to do something about the state run property insurance corporation and has put his thoughts to music. Roth was inspired to write his song about Citizens after he received a notice from Citiz…
Florida Legislative Update
As noted in my previous legislative update, the Florida Legislature continues to move quickly on several relevant insurance bills. Today marks the midway point in the 2012 legislative session, and we’ve seen a lot of activity on insurance re…
