The Florida homeowners market has been in turmoil for years. Sky-high premiums have become the norm due to fraud and lawsuits by less than honest roofing companies. Florida currently has some of the highest homeowner insurance rates in the country and while there is some good news on the horizon, there is plenty of bad […]
According to a recent Tallahassee Democrat article, the last five years have seen an explosion of lawyers, unlicensed public claims adjusters, and restoration companies that are posing as loss consultants to target and deceive homeowners who have had their homes damaged by hurricanes and other severe weather in Florida. These scammers show up in neighborhoods […]
According to a recent editorial on Yoursun.com, the legislation passed last year to bring assignment of benefits (AOB) lawsuits to end has not succeeded in bringing down homeowner insurance costs for Florida residents. In 2019, zero hurricanes came ashore. In fact, only Hurricane Dorian (which was a category 5) threatened the Sunshine State but ended […]
In August of 2019, this waterfront Florida condo in St. Petersburg, Florida keeps first floor windows covered as Hurricane Dorian approaches. Demotech, the agency that is responsible for assigning insurers a financial stability rating (FSR) has warned that more than 40 domestic insurers in Florida will receive a downgrade, mainly due to the deteriorating conditions […]