Massive Sinkhole in Florida…….Is it Time to Revisit the Law……Again!

by Charles R. Tutwiler on 11/13/2013

Massive Sinkhole in Florida…….Is it Time to Revisit the Law……Again!

The catastrophic sinkhole that opened up in Dunedin, Florida has brought attention to limits of the new law that was passed in 2011 by the Florida Legislature. This law made it extremely difficult for homeowners to get proper coverage or alternatively pay a hefty price for a very limited sinkhole policy. Many of the changes are not good for property owners as the new law also negatively impacts the way insurance companies handle and pay for sinkhole claims when they arise.
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Shrinking Citizens is a Double Edged Sword

by Charles R. Tutwiler on 9/28/2013

As pointed out in the recent Herald Tribune article: Citizens Poised to Further Cull Policies, “Florida State insurance regulators are expected to approve the removal of nearly 600,000 Citizens customers from the state's largest property insurer, which now covers some 1.2 million policyholders,” and many Tallahassee politicians are celebrating.

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