Property Insurance Coverage Law

APRIL 4, 2025

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance (..)

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Insurer Insurance Insured Property Insurance 203

Insurance Journal

JUNE 1, 2025

When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …

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Compensation Insurance Industry Insurer Insurance 363

Property Insurance Coverage Law

FEBRUARY 14, 2025

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers.

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Claim Policyholder Insurance Claim Property Insurance 211

Property Insurance Coverage Law

MAY 16, 2025

This weeks Senate hearing on the insurance industrys claims practices following natural disasters wasnt just a made-for-TV moment. It was a five-alarm warning siren for policyholders and insurers across the country.

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Claim Policyholder Property Insurance Insurance Industry 167

Property Insurance Coverage Law

FEBRUARY 14, 2025

The latest revelations about Allstates use of artificial intelligence (AI) in drafting insurance claims emails should serve as a wake-up call for policyholders, insurance regulators, and insurance industry claims handlers.

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Claim Policyholder Insurance Claim Property Insurance 187

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.

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Insurance Industry Property Insurance Insurer Insured 203

Property Insurance Coverage Law

MAY 21, 2025

Boggs continues to distinguish himself as one of the most candid, insightful, and impactful educators in the insurance industry. It is a wake-up … The post Why Most Insurance Agencies Fail Policyholders: Christopher Boggs Exposes the Half-Donkeyed Truth appeared first on Property Insurance Coverage Law Blog.

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Policyholder Insurance Agency Property Insurance Insurance Industry 186

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

MAY 21, 2025

Boggs continues to distinguish himself as one of the most candid, insightful, and impactful educators in the insurance industry. It is a wake-up … The post Why Most Insurance Agencies Fail Policyholders: Christopher Boggs Exposes the Half-Donkeyed Truth appeared first on Property Insurance Coverage Law Blog.

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Policyholder Insurance Agency Property Insurance Insurance Industry 172

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.

License 189

License Insurance Industry Property Insurance Claim 189

Insurance Journal

APRIL 27, 2025

A late amendment to a phosphate mine bill has set off alarm bells among some in the Florida insurance industry, with concerns that it could cut out the heart of 2022 and 2023 legislative changes that disincentivized excessive claims litigation.

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Insurance Industry Claim Insurance Insurer 277

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 Industry Insurance Companies 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 Insurance 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 Insurance 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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Underwriting Underwriter 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 Insurance Industry Insurer 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 …

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Property Insurance Insurance Industry Insurance Insurer 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 Insurance Insured 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.

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Property Insurance Insurance Industry Insurer Insurance 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 Insurance 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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Damage Property Insurance 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 Insurer Insurance 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 Insurance Insurer 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 Insurance 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 …

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Insurance Industry Insurer Insurance Insured 278

Prof. Allan Manning

FEBRUARY 24, 2023

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

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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 …

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Insurance Industry Insurance Insurer Insured 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

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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

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 Insurer Insurance Insured 100