Two FL insurance bills, HB305 and SB76, were introduced in January of this year to indirectly lower homeowners insurance premiums. Three months later, both bills have made their way through the FL Senate and several last-minute additions have been added. If passed, the changes proposed in HB305 and SB76 would go into effect on July […]
Updates To FL Insurance Bills Clear Senate Read More »
Florida policyholders have been promised lower insurance rates for years by legislators and lawmakers. As recently as 2019, a new law went into effect that aimed to reform the market and make coverage affordable. Known as the “AOB Law,” it was the most heavily lobbied bill during the session. It was primarily supported because carriers
Will HB305 And SB76 Lower Insurance Rates? Read More »
The roof reimbursement schedule proposed under SB76, HB 305, will leave Florida policyholders picking up the tab for what property insurance should cover. If the current legislation passes, homeowners with roofs 10+ years or older could lose coverage, have to pay out of pocket for repairs, or be forced to get a brand new one.
The Roof Reimbursement Schedule Impact FL Policyholders Read More »
To help consumers and small businesses receive equitable payments on insurance claims, Rep. La Shawn K. Ford is sponsoring legislation to help policyholders get fairly reimbursed for experts and consultants who help them make their case. “The passage of House Bill 142 would be a huge win for Illinois insurance policyholders,” said Rep. Ford, D-Chicago.
HB142 Helps Consumers Get Fair Insurance Claims Read More »
A key argument in most first party breach of contract cases is whether or not consequential damages can be recovered. Should damages that were caused by the breach of contract be awarded to the first-party claimant, even if those coverages are not listed in the policy? These types of cases blur the lines between breach
Breach Of Contract & Consequential Damages Read More »
The American Adjuster Association has a clearly defined message for what they are trying to accomplish for policyholders: Fairness and Balance. In short, equitable solutions for policyholders that have been underpaid on claims. Our message has been heard by members of the Illinois legislature, a very challenging state to get pro-consumer legislation. State Farm, Allstate,
Illinois HB0142 Seeks Fair & Balanced Payments For Property Damage Claims Read More »
2020 was a year of record-breaking storms that caused billions of dollars in claims across the U.S. Insurance policies are the safety net home and business owners rely on but the property damage claim process is often the second catastrophe experienced when trying to recover. The aftermath of Hurricane Laura in Louisiana is one example
3 Challenges For Policyholders Seeking Fair Claim Settlement Read More »
Insurance claim complaints are common after any catastrophic weather event. A high number of policyholders filing claims and a limited number of adjusters can cause longer turnaround times, rushed inspections, and overall delays in the process. Insurance carriers are required to meet specific deadlines once a claim is filed but what happens when they don’t
Derecho Complaints Skyrocket 80% After News Story Read More »
A growing trend among insurance carriers to use unlicensed, untrained “professionals” to assess damage and work insurance claims could get a whole lot worse. A recent report put out by McKinsey and Company notes how carriers can increase profit by moving as much as “30% of their workforce to outside vendors”. What do they mean
Why Are Unlicensed “Professionals” Adjusting Claims? Read More »
Policyholders pay A LOT in insurance premiums each year. In fact, if you own a home, have kids, or if your employer does not provide health insurance, your annual premiums can be well over $1,000 per month just for basic auto, home and health coverage. With that level of financial commitment, most people expect any
Addressing The Insurance Claim Bad Faith Loophole Read More »
