May 14, 2013

Public Adjustors cap on Citizens Insurance is repealed with the new Property Bill.

Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Public Ajustors | Tags: , , , , , , , , , , |
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Hopefully with less Public Adjustors(17K from 30K) and the fact that they are still under the mircroscope, this is good news for them. We all hope this does not balloon into more and bigger Fraudulent claims like we had before with the Sinkhole issues among many other’s. In Fort Lauderdale this will mean more claims being submitted and resubmitted, so the strength of Citizens which is bad already will now get worse. Let’s hope the rest of this new bill works better for the consumer, but with higher prices still looming for next year, that does seem lilkely. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/southeast/2013/05/14/291827.htm

 

April 15, 2013

Florida Consumers are afraid the new Insurance bill could price them out of a home!

Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, Flood Insurance, Florida, Forclosure, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Sun Sentinal, Tallahassee | Tags: , , , , , , , , , , , , , |
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MIke Mayo of the Fort Laud. Sun Sentinal has hit it on the head. I do not agree with what and how he is saying it, but he is correct that no one is looking out for the consumer. The bill needs to be passed as Citizens and the Florida cat fund are 1 storm away from Bankruptcy and that is a problem, but pushing rates even higher will not only force more Homeowner issues , it will hurt the Real Estate Business in Florida which is 2nd only to Tourism. If we do not have healthy Tourism and Real Estate sales then Florida will suffer greatly. On the other hand if we do nothing then 1 hurricane hitting S. Florida will hurt the State Financially and cause a max exodus from here. Governor Scott wanted this bill and here it is, but now we have his unpopularity and a re-election soon. Could he sign and still win or will he have to veto to save his career  as a Governor for another term. All this and still more to come. Please read the full story by Mike mayo of the Fort lauderdale Sun Sentinal and sent to us by our friends at First State Insurance. Please call L & S at 1-888-244-7400  for quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance as well.

 

http://www.sun-sentinel.com/news/fl-citizens-mayocol-b041413-20130413,0,5685424.column

 

April 11, 2013

State Farm found Guilty by a Jury for a Fraudulent Flood claim.

Posted by homeinsuranceguru under Auto Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, State Farm updates | Tags: , , , , , , , , , , |
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Why pay a claim from your base Insurance carrier(LIke State Farm) when you can say it was flood coverage and then have FEMA pay for the claim????  This also limits the consumer payout to 250K which is the max payour for a building or home for a flood policy. State Farm will try to appeal the case, but they will have to reimburse FEMA 250K and then the claim will have to be reviewed to see if the State Farm policy would have or should have paid more. Perhaps the wright your own Flood policy that every company can do and make money of, should be reviewed and not allowed by carriers that do the Home Insurance policies as well? In any event please read or follow the story as it is appealed by State Farm and see how even this type of Fraud affects our insurance rates and here in Fort lauderdale and all of South Florida, we are paying for it way to hard these days!! Please call L & S Insurance for quotes on Home, Auto, Flood, Business & Commercial, and life Insurance as well at 1-888-244-7400.

http://www.insurancejournal.com/news/southeast/2013/04/10/287828.htm

 

 

April 3, 2013

PIP Insurance and the bill that was passed last year could now be repealed by court ruling!

Posted by homeinsuranceguru under Auto Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Home Owners Insurance, Legislators, Tallahassee | Tags: , , , , , , , , , , , , |
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What a waste of taxpayer dollars last year to spend all the time to pass a bill when everyone knew that to repeal PIP is the only real solution to a lot of Fraud here in Florida. Fort Lauderdale and Miami are impacted the most, but all of Florida needs some rate decreases somewhere so making Florida a PIP state no more would be a better suggestion to all. Let’s see what the legislators in Tall. do now??  Please read the full article below from the Fort Lauderdale Sun Sentinal and written by the Tallahassee division, but sent to us by our friends at First State Insurance. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial Coverage and Life Insurance as well.

http://www.sun-sentinel.com/news/fl-pip-no-more-20130402,0,6803996.story

 

March 5, 2013

Citizens Home Insurance, lots of overspending and who is watching???

Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance | Tags: , , , , , , , , , , , , , |
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All companies have this, but this is a State run entity, not even an Insurance company. Why are they traveling so far and so  extravagantly? Why are things going on like there is no supervision(Employee scams), because this is Citizens and this is how they have been and will continue until management really takes over and they stop working like the government entity they are. People like to complain, and some have no options for sure, but most can get out if they try. The agents they have do not have the carriers and they do not have the liability exposure to be forced to do the wright thing so they only try to get more business and say what is necessary to do so. Until this entire system is fixed then everything done is a bandaid  of which I have spoken often. In Fort lauderdale and all of S. Florida, or rates have jumped 50% or more in the last 2 years since Governor Rick Scott came to office and he did promise this would happen. Please read the full article about lot’s more Fraud here in Florida. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial and Life Insurance as well.

http://www.mcclatchydc.com/2013/03/04/184730/carl-hiaasen-this-florida-citizen.html

 

January 25, 2013

Florida Insurance Commissioner McCarty wants to propose changes to Shrink Citizens Insurance.

Posted by homeinsuranceguru under Auto Insurance, Citizens Insurance, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Legislators | Tags: , , , , , , , , , , , , , |
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More Windpool, More Depopulations, A true Keepout policy at 15% requirements and rates prices 15% higher than all the provate markets in the area to reduce the desire to come into citizens or even try. This sounds Like Citizens and Citizens wind pool before Governor Christ back for more. On top of this Citzens, has removed almost 400K policies, but more than 400K have been added by agents and thisis still the problem. The Private marketplace now takes or has nearly 50% of the Florida marketplace, but not every agent has access to these carriers for many reasons so they are placed in Citizens by the agent without a market to place it anywhere else. This will soon be what they call Keepout and it will be on the monds of all Legislators this session in March as well as  Governor Rick Scott when they all meet in Tallahassee. Lot’s of price increases coming for Fort lauderdale, S. Florida and all over Florida as well. We all need to watch this carefully so you know what will happen on top of the Reinsurance issues as well. Please call L & S  at 1-888-244-7400 for all quotes on Home, Auto, Flood, Business & Commercial, and Life Insurance products as well. Please read the full article below;

http://www.insurancejournal.com/news/southeast/2013/01/25/278773.htm

 

December 13, 2012

Citizens Home Insurance events unfold fast and Furious.

Posted by homeinsuranceguru under Auto Insurance, Barry Gilway, Citizens Insurance, FEMA, Flood Insurance, Florida, Fort Lauderdale, Governor, Governor Rick Scott, Home Owners Insurance, Rick Scott GOP, Senator Fasano, Sun Sentinal | Tags: , , , , , , , , , , , , , , |
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Investigations, accusations, Governor Rick Scott,Barry Gilway, State Rep Frank Artilles,State Rep Mike  Fasano, A National Cat Fund and The Blame game are all in this article from the Fort Lauderdale Sun Sentinal, and writtten by Charlotte Greenberg and sent to me by our friends at First State Insurance. This is like, no This is, a Soap Opera clearly and all of us are the recipients of higher rates and mismangement and misconduct at a minimum. Please read the full article about Citizens Home Insurance and see what the next Legislative session in 2013 will be all about and then in 2014 new elections for  the Governor’s race as well. Please call L & S at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial Coverage and Life Insurance as well.

http://blogs.sun-sentinel.com/condoblog/2012/12/citizens%e2%80%99-events-unfold-fast-and-furious.html

 

August 15, 2012

PIP Insurance Fraud arrests still in Fort Laud. and all of Florida

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Fraud, Home Owners Insurance, Legislators, Sun Sentinal, Tallahassee | Tags: , , , , , , , , , , , , |
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2 more arrests and more to come as PIP Fraud is anything but gone in Fort Lauderdale and Florida.The problem was never fixed properly in the last congressional session as usual and what we have is another Bandaid. New loopholes are always found and until the Legislators in Tall. decide to redo the program, we will not have a real solution. They did little this last time, but they are the ones on power so we must deal with it. Expect more Fraud and more arrests we hope!! Till then rates will not go down and should still continue to rise. At some point our Florida Politicians will actually decide to help the people, put the time into it that it needs and completely revise Florida and remove PIP all together. Please read the full article on Pip Fraud from the Sun Sentinal and was sent to us by our friends at First State Insurance.Please call L & S Insurance at 1-888-244-7400 and ask us for quotes on Home, Auto, Flood, Business & Commercial, and even Life Insurance quotes.

http://www.sun-sentinel.com/business/fl-pip-fraud-arrests-20120813,0,5378655.story

 

 

July 19, 2012

State Farm and other carriers, not paying old claims anymore?

Posted by homeinsuranceguru under Auto Insurance, Flood Insurance, Florida, Fort Lauderdale, Home Owners Insurance, Julie Patel, Sunshine State Insurance | Tags: , , , , , , , , , , , , , , , |
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There are state regulated time frames for processing claims, but Hurricane Wilma claims have been allowed to be much longer than normal. The norm is within 60 days, But Wilma claims have been around for years. In this article by Julie Patel of the Fort lauderdale Sun Sentinal you will see that this claim submitted years after Wilma will now be declined because of the dates it was submitted. I am in agreement w/ the decision as you can always blame the Hurricane for old issues, but you should take care of your home and have it checked to be sure there are no problems. Florida is like Fraudula  and a  lot of Public adjustors just want to blame all unexplained claims to Hurricane Wilma still 4-6 years  later and this cannot still be allowed. Please read the full article below which was sent to us by our Friends at First State Insurance and please call L & S at 1-888-244-7400 for all of your Home, Auto, Business & COmmercial, Flood and even Life Insurance quotes.

http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2012/07/bad_news_for_some_state_farm_c.html

 

June 26, 2012

PIP reform starts 7/1/2012,will Fort Lauderdale and Florida save money??

Posted by homeinsuranceguru under Home Owners Insurance, Auto Insurance, Flood Insurance, Tallahassee, CFO, Florida, Sun Sentinal, Fort Lauderdale | Tags: , , , , , , , , , , , , , , |
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The new laws start 7/1, but will we really save money as was projected. I personally do not believe it will happen and our CFO Jeff Atwater in Tallahassee  says we will have to wait 12-24 months to see. There will be some changes that will definitely help reduce some fraud, but the changes were so minor and  Fraudulent people are very clever so my guess is not much will get better. To see real price reductions we need real change and this bill did not even come close by my perceptions.The deadline for rate reductions are 10/1/2012 and then not till 2014. The first date will probably be rejected by the Insurance companies because the bill just starts 7/1/2012 and no savings can be realized that quickly so in 2014 we will see. This article was sent to us by our friends at First State Insurance  w/ The Sun Sentinal  and please read all the details below. Please call L & S at  1-888-244-7400 for quotes on Auto and Car Insurance, Home, Flood, Business & Commercial, and even Life Insurance as well.

Thx,

http://www.sun-sentinel.com/business/fl-atwater-focusing-on-pip-reforms-20120624,0,6142131.story

 

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