Wednesday, July 20, 2022
HomeProperty InsuranceNew Florida Property Insurance coverage Laws | Property Insurance coverage Protection Regulation...

New Florida Property Insurance coverage Laws | Property Insurance coverage Protection Regulation Weblog

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The Florida legislature met in a particular session this week to move legal guidelines that may appropriate the most recent insurance coverage disaster in Florida. Insurance coverage charges are skyrocketing, insurers are going broke, and Florida insurers aren’t totally paying claims—some aren’t doing so as a result of they’re going broke and robbing Peter to pay Paul.

One in all our legislation agency’s lobbyists famous that even a Florida Senate chief who’s an insurance coverage agent mentioned that the legal guidelines being handed wouldn’t scale back charges within the quick time period. I’m attaching the Home Employees Evaluation, the Senate Employees Evaluation, and the engrossed invoice for many who want to learn the impression of the legal guidelines and the precise laws.

Most of my effort was spent opposing the insurance coverage trade’s try and make main adjustments to Florida’s good religion civil treatment legislation. The insurance coverage trade wished to intestine legal guidelines designed to guard policyholders from the insurers who wrongfully underpay, delay, and deny claims. They have been utilizing the newest “disaster” as an excuse to alter these legal guidelines which might maintain these wrongdoers accountable. “Dangerous Religion Reform” actually means—“let insurance coverage corporations not be held accountable once they refuse to totally and promptly pay.”

United Policyholder Govt Director Amy Bach expressed concern about adjustments within the legal guidelines in a telephone name I had together with her. However she additionally expressed considerations about advertising practices to policyholders by some contractors, which promote insurance coverage claims which ought to by no means be introduced. A few of the new laws addressed these advertising considerations. I’ve quite a lot of respect for Amy Bach as a result of she is solely targeted on the policyholder’s curiosity.

Jeff Porter and the Florida Justice Affiliation (FJA) deserve an enormous shout-out. The FJA is the key thorn within the aspect of the Florida insurance coverage foyer and the strongest voice for Florida’s customers. With out their fixed vigilance, many legal guidelines dangerous to insurance coverage customers would merely be rubber-stamped as a result of there isn’t a different voice in Tallahassee standing as much as the a whole bunch of insurance coverage firm lobbyists. I’m proud to be an Eagle Member of the FJA and am amazed on the work Porter and his passionate workforce do to assist policyholder pursuits.

The numerous backside line on the laws is that insurance coverage contractors with AOBs aren’t going to get their legal professional’s charges paid beneath Florida’s legal professional charge statute. Policyholders could have a harder time discovering attorneys to take their extra complicated and smaller circumstances. There may be an added requirement making the policyholder show that the insurance coverage firm breached the insurance coverage contract when bringing an unfair claims apply lawsuit. And the laws won’t lead to charges happening.

Thought For The Day

When shopping for and promoting are managed by laws, the primary issues to be purchased and offered are legislators.
—P. J. O’Rourke

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