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Recent AOB Issue Has Plagued Florida Homeowners

26 Dec
aob-florida-homeowners

A recent study by the Insurance Information Institute (I.I.I.) confirms what many homeowners in the Sunshine State already know, that the assignment of benefits (AOB) issue that has plagued Florida the last few years has cost consumers billions of dollars in inflated claims cost and unnecessary litigation.  “In Florida, abuse of AOBs has fueled an […]

Citizens Property Insurance Corp Raises Rates

19 Dec
Citizens Property Insurance Florida

Citizens Property Insurance will be upping homeowner rates by an average of 8.2 percent for next year’s rates. This increase will affect home and condo owners as well as renters. The increase has been approved by the Board of Governors, which oversees rate increases for the state run insurer of last resort. The ongoing issue […]

Finding Affordable Florida Homeowners Insurance Rates

28 Nov
Miami, Florida Homeowners Insurance Rates

ValuePenguin recently analyzed the cost of housing in major Florida cities and found that some cities in the Sunshine state are much more affordable than others. Housing costs varied by a mind boggling 161 percent with Lakeland being the most affordable, housing costs there run $7,992 a year while Coral Springs costs a whopping $20,868 […]

Florida: Universal Property & Casualty Outsells Citizens Property

12 Nov
Universal Property Casualty Insurance

Universal Property and Casualty continues to grab more of the South Florida insurance market a mere 15 months after dethroning Citizens Property Insurance Corp. as largest insurer of property in the southern part of the state. Universal, which is based in Fort Lauderdale, managed to add 29,560 residential and commercial policies in the tri-county region […]

Are Homeowners Happy with Their Home Insurance Provider?

23 Aug
Happy Homeowners Insurance Customers

A recent study by Clearsurance took a look at how happy homeowners are with their insurer and found that the residents of West Virginia were happiest when it came to their homeowners insurance while the people of Florida were the least happy. The scores were based on user reviews and ratings of their overall experience […]

Named Storm? – Get Home Insurance Coverage Now!

01 Aug
Home Insurance Now - Hurricane Season

The 2017 hurricane season was one of the busiest and most destructive ones on record. There were 17 named storms that hit the coasts and caused roughly $282.16 billion in damage. If you were affected by one of these storms and not carrying the proper insurance coverages you could end up on the hook for […]

How the Florida Insurance Industry Hopes to Rein In AOB Crisis

30 Jul
Florida Insurance AOB Crisis

Industry experts, at a recent Insurance Journal webinar looked at ways to battle AOB (assignment of benefits) fraud that is pushing up the cost of homeowners insurance in Florida. “I think the number one thing the insurance industry can do is link AOB (assignment of benefits) to the impact that it’s having on the individual […]