While Hurricane Matthew brushed along the Atlantic coast last year, no major hurricane has made landfall in Florida since 2005. Despite that luck, homeowner insurance premiums remain very high, and have experienced double-digit annual increases in Southeastern Florida. Over the next 5 years, rate hikes are expected to increase over 60% in Miami-Dade County alone. The increase […]
As Florida’s legislators consider what to do with auto insurance requirements in a “post” No-Fault/Personal Insurance Protection (PIP) world, there is talk of mandating rate rollbacks or passing new laws with “recommended” rate savings. This would be a mistake. To read the entire op-ed, visit the Palm Beach Post.
Every year, disreputable attorneys and home repair contractors launch an Assignment of Benefits (AOB) “open season” on home insurance policy holders. Consumers, whose homes are damaged by a leaky pipe or storm damage, want quick action by repair contractors to mitigate further damage. Some contractors will not proceed unless the owner completes an “assignment of […]
The election’s promise of tax reform raises both anticipation for some and anxiety for others. One thing is for sure – sensible tax reform will reinvigorate the economy. There is no question that the proposed expensing of capital purchases will encourage business and infrastructure investment, and repatriating the $2.6 trillion being held overseas back into […]
Worldwide, counterfeit drugs kill more than one million people each year. For Floridians, unregulated and illegally imported medications have become a big threat to public safety, and this is likely one of the many contributing factors to the recent and unexpected increase in the death rate for Americans under 65 years of age. …To continue […]
Worldwide, counterfeit drugs kill more than one million people each year. The conviction earlier this month of a Palm Harbor oncologist demonstrates that Florida patients are directly at risk. Unregulated, illegally imported medications have become a big threat to public safety. Over the years, cancer patients have received fake medications containing salt and starch and […]
What a difference a few years can make. Recent changes to insurance public policies have left homeowners better protected and given the state greater financial stability. Yet, there is still room for improvements, including changes that could dramatically reduce premiums for consumers. Over a decade ago, Florida property insurance market could have been called dysfunctional. […]
There is yet another significant increase in insurance fraud that is pushing up homeowner premiums in Florida. This op-ed discusses the problem and how it can be fixed. PUBLISHED IN CONTEXT FLORIDA: Alan Daley: The new magnet for insurance scams in Florida When consumers experience water damage unconnected to hurricanes, they usually call a plumber, a […]
This piece, published for the Orlando Sentinel, reviews the recent steps that Florida regulators and policymakers have undertaken to reform insurance regulations that were putting taxpayers and consumers at risk. The piece reviews changes that were made in 2015 and makes policy suggestions for 2016. It is available online at the Orlando Sentinel.
By some accounts, Florida has the highest homeowner’s insurance rates in the country and rates keep rising, despite not having a major hurricane in the last decade. The culprit – a concentration of non-weather related water claims. In many cases, these claims are pushed along by unscrupulous contractors and attorneys. According to Citizens Property Insurance […]