Florida’s property insurance market remains in a state of perpetual crisis. For those of us paying attention, this isn’t new – it’s a frustrating rerun. Back in 2009, then-CFO Alex Sink bravely called out the misleading “spin” surrounding the private insurance market. We saved that editorial because it’s still painfully relevant today. Fast forward to…
Harsher policy terms mean damages might not be covered Honored to have been asked to contribute to this article. Jean Eaglesham is a topnotch reporter and very knowledgeable at all levels of the insurance industry. I suggest you follow her on the WSJ. https://www.wsj.com/finance/homeowners-hit-by-helene-are-in-for-an-insurance-claim-shock-60ae5519?st=fpHroy&reflink=desktopwebshare_permalink
As recovery efforts continue in the wake of Hurricane Helene, Tropical Storm Milton has now formed and is projected to bring heavy rainfall and potential flooding to parts of Florida in the coming days. We’ve already received calls from clients in Jacksonville, and we anticipate more to come. Many of my neighbors here on the…
It was a humbling experience meeting with Florida CFO Jimmy Patronis today at the ‘Insurance Village’ in Clearwater, established for Bay Area residents impacted by Hurricane Helene. As Florida’s Chief Financial Officer, Patronis was on-site offering much-needed reassurance to homeowners who lost everything, providing guidance, and outlining steps for relief. During our conversation, we addressed…
It already appears 2024 will be a very active hurricane season. It’s still not to late to secure your property, make needed repairs, take photos of personal property and pre-loss property conditions. If you do experience a loss here’s 3 things you can do to make your insurance claim, go smoother. 1. Report your claim…
Our firm was happy to contribute to the June Florida Community Association Journal Hurricane Preparedness issue. Below is our article plus here’s a link to many more expert articles on disaster prep. Don’t wait for disaster to strike—insurance companies demand extensive documentation after a loss. This is where pre-loss planning comes into play. Professional adjusters are engaged…
Congratulations to ABC Action News ITeam reporters for clearly explaining the state of Florida’s Property Insurance situation in their Florida Insurance Disaster show. There are still home and business owners battling their insurance companies trying to rebuild. While we applaud Florida’s My Safe Florida Home Program and the recent fine of an insurer not complying with claim regulations during Hurricane Ian,…
It’s been a year since Hurricane Ian unleashed its fury on Florida, battering both coastlines and wreaking havoc on agricultural and urban areas in between. An event that should have subsided in its aftermath has instead metamorphosed into a year-long saga of pain, resistance, and a battle for policyholder insurance claim justice as countless victims…
Insurance is a cornerstone of risk management, especially when it comes to safeguarding valuable assets like property. However, the concepts of Estimated Maximum Loss (EML) and Probable/Possible Maximum Loss (PML) have been causing ripples of discontent among policyholders. Let’s delve into what these terms mean and why they are becoming a concern, especially for commercial…
Last year, we saw one of the most destructive storms in the history of the state with Hurricane Ian. This year, we are witnessing just how severe the lack of oversight is, in regard to regulating property insurance carriers’ financial integrity as well as making them accountable for their claims handling schemes. If the regulators…