Scott PowersApril 14, 2022
4min0
'It's not about getting the insured a new roof.'
Tag: water damageImage via AP.
Scott PowersApril 14, 2022
Gary FineoutJune 20, 2017
4min247
Florida’s state-created property insurer, contending that it is dealing with a flood of suspicious water-related claims and lawsuits, is asking state regulators to raise rates for thousands of homeowners next year, including those in the most heavily-populated areas. The board that oversees Citizens Property Insurance voted unanimously Tuesday to raise homeowner rates an average 5.3 […]
Lloyd DunkelbergerJuly 19, 2016
3min539
The Citizens Property Insurance Corp. board of governors Tuesday approved a $1.8 million contract with a company that will examine escalating water damage claims from policyholders and determine whether the charges are excessive. “The goal is to identify inflated or excessive charges on invoices from contractors that have performed water damage restorations for Citizens’ policyholders […]
Phil AmmannMarch 1, 2016
2min491
A Senate committee passed a bill seeking to reform assignment-of-benefits for water damage claims on property insurance rates across the state. LobbyTools reports that SB 1248, from Miami Republican Sen. Miguel Diaz de la Portilla, takes several steps to reduce abuse of AOB agreements, which allow third parties to claim the insurance benefits resulting from loss, […]