October 2014


Florida Chief Financial Officer Jeff Atwater announced the arrests of attorneys, chiropractors and clinic employees involved in an organized personal injury protection (PIP) fraud scheme.

Atwater said the five arrests were made in Martin, Miami-Dade and Palm Beach counties, following a year-long undercover investigation by the Florida Department of Financial Services’ Division of Insurance Fraud.

During the investigation, multiple undercover detectives were embedded into clinics that were accepting patients who were illegally solicited, according to officials. The officials allege that one clinic in particular was billing for services that were never rendered and on several occasions, patients were also found being coached to claim they were injured when they were not.

Please call L & S Insurance at 1-888-244-7400 for quotes on Home Insurance, Auto, Flood, Business & Commercial & Life & Financial products as well. Please enjoy the full article below.

http://www.insurancejournal.com/news/southeast/2014/10/31/345531.htm

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The number approved for takeout is not necessarily the number that will actually be removed from Citizens. In 2014, the total number of policies approved for take-outs was 1,109,644  while the actual number of policies removed from Citizens this year as of September 18, 2014 is 127,550, according to OIR.

  • Anchor Property & Casualty Insurance Company – approved to remove up to 50,000 personal residential policies (36,000 Personal Lines Account (PLA) and 14,000 Coastal Account (CA))
  • Avatar Property & Casualty Insurance Company – approved to remove up to 10,000 personal residential PLA policies
  • Cypress Property & Casualty Insurance Company – approved to remove up to 23,000 personal residential policies (20,337 PLA/2,663 CA)
  • Heritage Property & Casualty Insurance Company – approved to remove up to 20,000 personal residential policies (17,000 PLA/3,000 CA) and up to 500 commercial residential policies (472 Commercial Lines Account (CLA) and 28 CA policies)
  • Mount Beacon Insurance Company – approved to remove up to 38,485 personal residential policies (29,485 PLA/9,000 CA)
  • Prepared Insurance Company – approved to remove up to 20,000 personal residential PLA policies
  • Security First Insurance Company – approved to remove up to 8,555 personal residential policies (6,868 PLA/1,687 CA)
  • Southern Oak Insurance Company – approved to remove up to 10,000 personal residential policies (8,500 PLA/1,500 CA)
  • United Property & Casualty Insurance Company – approved to remove up to 2,027 commercial residential policies (1,824 CLA/203 CA)

Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, & Life & Financial products as well.

http://www.insurancejournal.com/news/southeast/2014/10/30/345474.htm

The race between Scott and Crist has been closely watched by the insurance industry, which has worked under the radar to try and influence the race in Scott’s favor.

With polls showing Scott and Crist virtually even, industry representatives know that the slightest incident could swing the race one way or another. That is why representatives looked on with a mixture of horror and disbelief at the beginning of the debate and the so-called “fangate” affair, which some fear could define the race.

Fla. Gov. Rick Scott

In what has become fodder for late night comedians and TV political pundits, Scott initially refused to participate in the debate because Crist had a small electric fan underneath his podium.

FAIA, through its Trusted Choice program, was a co-sponsor of the debate.

“Most people thought it was a joke and it was like they were waiting for the punch line,” said Grady. “But then there was no punch line.”

Professional Insurance Agents of Florida CEO Corey Mathews said that unfortunately the fan incident was a “big deal,” which on the surface exposed the different temperaments of both candidates.

“You have two very different candidates with two very different perspectives,” said Mathews. “Crist is a natural campaigner and a populist, while Scott is more focused on jobs and making a difference.”

Many in the insurance industry feel they have a lot at stake in this election and fear a victory for Crist with whom they have had their differences in the past.

Now the fear is that the election could some down to a bizarre fight over a fan.

“It was really hard to watch,” said another industry onlooker. “Clearly it rattled Scott and it seemed he could never clean it up.”

Please call L & S Insurance at 1-888-244-7400 for quotes on Home Insurance, Auto, Flood, Business & Commercial, & Life & Financial products as well

Please enjoy the full article for a good laugh at Florida Politics!!!

Blockbuster home sales are becoming routine in South Florida as many cities in the region made Coldwell Banker’s list of most multimillion-dollar home listings.

The brokerage firm took a look at active luxury home listings throughout the nation, and found many South Florida cites with the most buyers seeking seven-plus-figure homes.

Check out the slideshow above to see how South Florida cities ranked among those with the most home listings of over $1 million, over $5 million and – for the really fortunate – over $10 million.

According to a Coldwell Banker survey of U.S. consumers with a net worth of at least $5 million, 48 percent plan to buy a luxury home in the next 12 months.

Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, & Life & Financial products as well. Please enjoy the full article below;

http://www.bizjournals.com/southflorida/news/2014/10/01/south-florida-flooded-with-million-dollar-home.html?ana=e_sflo_bn_newsalert&u=11045160944f7a0c4d480e51aa2af0&t=1412205081