May 3, 2021

How HB 0142 Will Help Illinois Policyholders With Property Damage Claims

How HB 0142 Will Help Illinois Policyholders With Property Damage Claims

It’s no secret Illinois policyholders have a hard time pursuing bad faith claims against insurance carriers. Due to state courts not recognizing bad faith as an independent tort, claims hinge on if the insured can prove the carrier’s actions were “vexatious and unreasonable.” Bad faith cases are almost always statutory in nature, meaning without prior […]

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FL Lawmakers Are Being Misled On Insurance Crisis

FL Lawmakers Are Being Misled On Insurance Crisis

A statistic that made headlines in early April in regards to Florida’s insurance crisis may be incorrect in the context it was applied, according to one expert. The report that concluded “Florida homeowners file 76% of property insurance lawsuits in the U.S.” was done by the Florida Office of Insurance Regulation and sent to legislatures

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FL Insurance Carriers Can Underpay Claims By 20% Without Penalty

FL Insurance Carriers Can Underpay Claims By 20% Without Penalty

Several updates made to HB 305 could create additional loopholes that incentivize carriers to underpay valid property damage claims. This bill was originally introduced to curb litigation which proponents say a primary cause for the premium increases across the state.  Related: FL Lawmakers Are Being Misled On Insurance Crisis One way legislatures are using HB

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