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Florida leads the nation in the number of air bag injuries and deaths.

U.S. Se

n. Bill Nelson said Friday that 83 injuries and three deaths have been linked to Takata air bag ruptures in Florida.

Nelson was planning to meet with people who have been injured by air bags on Saturday in Orlando.

Nelson says the next highest amount of casualties from air bags were in Puerto Rico, Texas, California and Georgia.

Takata inflators can explode with too much force and blow apart a metal canister, spewing shrapnel.

The Japanese company’s defective inflators touched off the largest automotive recall in U.S. history, involving 42 million vehicles and 69 million inflators

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https://www.insurancejournal.com/news/southeast/2018/05/14/489111.htm

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Policymakers need to find a way to get banks involved in property mitigation if Florida is to improve its hurricane resiliency, according to a former state insurance commissioner.

Banks are currently unmotivated to protect mortgages through mitigation because the government steps in and bails them out when there is a crisis, Kevin McCarty, who was insurance commissioner of the state for 13 years, told the audience of the Florida Association of Insurance Reform (FAIR) Foundation’s conference in Tampa on May 2.

McCarty spoke about resiliency and mitigation, emphasizing the need for both in the catastrophe prone state.

“We know we are going to have more storms; we also know there is a lot of uninsured property,” McCarty said. “We also know somebody is mysteriously not at the table.”

He was referring to banks, which he said continue to be bailed out by the government and therefore will continue to make money no matter what. He referenced the financial crisis as an example of how banks are not motivated to protect their financial assets.

“Until banks actually have skin in the game, they are not going to be at the table,” he said.

McCarty’s said it’s important to think about what strategies could work to hold banks accountable and bring them to the table.

“If I as a taxpayer have to pay for it, it should be part of the law that if you have a federally backed mortgage you have to have an all-perils policy – and that means all perils,” McCarty told the audience, which responded with big applause.

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https://www.insurancejournal.com/news/southeast/2018/05/08/488539.htm

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In an open letter to Citizens President, CEO an Executive Director Barry Gilway, Patronis said the state-backed insurer should be subject to the same rules as state agencies and organizations when it comes requiring lobbyists be registered, but as of now that isn’t the case.

“Currently, lobbyists and private insurers are not statutorily required to disclose their efforts on behalf of clients and private interest they represent before Citizens Property Insurance Corporation,” Patronis wrote.

Citizens Legislative Affairs staff currently do register as lobbyists. Patronis’ letter says it is targeted towards those who represent third parties and private interests, such as businesses, and lobby Citizens.

Patronis wrote transparency is “one of the best ways we can ensure accountability,” and that it should be “crystal clear who is interested in influencing Citizens policy changes or securing contracts with [Citizens].”

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https://www.insurancejournal.com/news/southeast/2018/05/04/488273.htm

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Original post 11/2017

On September 27, we had a fire in our laundry area. The entire mobile home sustained fire damage. It took five days for the first adjustor to come out. He was at the house four hours then told us he couldn’t handle the claim because it was a large loss claim. So I don’t know why they sent him out and what he did for four hours if he wasn’t even qualified to be there. He also brought along an Origin of Fire expert who was also there four hours and said the fire started in my washing machine motor. Nothing at all for another week when they sent out a large claim adjustor. He spent about five hours in the home. He also brought along an engineer and the Origin of fire expert again. The two of them were there about five hours, moved the washer and dryer back into the house to take pictures then took them with them when they left. That was Monday and now here it is another week and still nothing.

Original review: Oct. 13, 2017

Had numerous policies for years with Foremost since they insure Mobile Homes. Finally had one claim, adjuster was brand new, her Supervisor finally took over due to incompetence but he was Swamped. Jumped through hoops, got a partial settlement and dropped all the insurance. That’s it in a Nutshell… It’s poor insurance, get rid of it as soon as you can. It’s only gonna Work for you if you have A DISASTER.

 

Please read all 24 below

https://www.consumeraffairs.com/insurance/foremost-homeowners.htm

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Peoples Trust Insurance lost $42 million in 2016, was recently in financial “shambles,” and was overvalued by more than $50 million when current President and CEO George W. Schaeffer agreed to buy half of the company from the widow of his late partner. Those claims surfaced in a memo that Schaeffer reportedly sent to Eileen Gold, widow of company co-founder Mike Gold, before he sued her for the return of $4 million he says he overpaid her.

Schaeffer and Gold are now suing each other in Palm Beach County Circuit Court.

In his suit, Schaeffer is demanding that Eileen Gold release him from his May 2014 agreement to pay $30 million for the Golds’ half of the Deerfield Beach-based company. He says an analysis conducted following Mike Gold’s death in January 2014 “grossly misrepresented” the company’s value as $88 million, but that Schaeffer later discovered it had been poorly managed and was actually worth $34 million in June 2014.

As a result, Schaeffer’s suit says, the $21 million he has so far paid to Eileen Gold was $4 million more than he should have paid. The suit demands that Eileen Gold release Schaeffer from having to pay the remaining $9 million as agreed, and repay $4 million the widow received “unlawfully” and as “unjust enrichment.”

Eileen Gold filed in both suits a memo she said Schaeffer hand-delivered on Dec. 8 — a week before the two filed their respective suits.

The memo includes the words “Privileged and Confidential Inadmissible Settlement Communication” and is headed “To: Eileen Gold. From: George Schaeffer.” It accuses Mike Gold of “mismanaging the company very badly” and hiding it from his then-partner.

“Unfortunately, I also learned that Mike spent almost every day of the week at a casino and at a massage parlor. And it appears that he was using cash from the company to finance these activities,” the memo states.

“Upon reviewing the books and records of the company, we have found that Mike had apparently engaged in CRIMINAL activity with the company, including the borrowing of funds from the insurance company. This is a crime. There are many other examples. But this company that was in supposedly good shape was actually in shambles, and lost $42 million last year alone.”

The memo then contends that an independent forensic accounting firm reviewed the prior valuation and found it was actually worth $34 million in 2014. “So the most I would have ever had to pay you was $17 million,” it says. “And yet I have already paid you $21 million; am supposed to pay you $9 million more; and on top of that I am supposed to pay you a percentage of the company if I should ever sell.

Please enjoy the full article below

http://www.sun-sentinel.com/business/fl-bz-peoples-trust-valuation-lawsuit-20180420-story.html

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Imagine filing a claim with your insurance company for hurricane damage and, months later, not only is your home not fixed, but you get served with a lawsuit by your insurance company.

Dozens of South Florida customers of Deerfield Beach-based People’s Trust Insurance are finding themselves in an unlikely and possibly unprecedented position — they’re being sued by their insurer.

Since July 1, People’s Trust has filed at least 242 lawsuits against its policyholders in Miami-Dade, Broward and Palm Beach counties, according to court records. Of those, 161 have been filed since Nov. 17, a day after the Sun Sentinel first reported the strategy.

The new suits include 113 against the company’s customers in Miami-Dade, 38 in Broward and 10 in Palm Beach County.

Attorneys for some of the defendants accuse the company of using the suits to bully their clients into accepting subpar repairs — and punish them for securing help from lawyers and independent public adjusters.

When People’s Trust decides to sue a customer, it’s intimidating, especially for people who have never been involved in a suit, said Anthony Lopez, a Coconut Grove-based attorney who specializes in insurance litigation.

Anthony Tinelli, a Miami attorney who formerly worked as a defense attorney for People’s Trust, said he’s representing seven Hurricane Irma victims who were recently sued by the company. “For one insurance company to sue its homeowners to that extent is unprecedented,” he said.

Another Miami-based attorney, Rafael Alonso, attributed the recent surge in lawsuits by the company to disputes over Hurricane Irma claims. “I’ve never seen an insurance company, especially after a natural disaster, suing its insureds,” he said.

People’s Trust says the attorneys and public adjusters generate disputes by preventing the company from sending its affiliated repair contractor — Rapid Response Team — to fix customers’ homes, as the customers agreed to allow when they signed up with the insurer. In exchange, policyholders were given a discount off their premiums, usually totaling $200 or less, the suits state.

People’s Trust and Rapid Response Team are both among a suite of related companies owned by entrepreneur George W. Schaeffer.

Please read the full article below

http://www.sun-sentinel.com/business/fl-bz-peoples-trust-insurance-sues-100-more-customers-20180419-story.html

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A Florida man has been sentenced to more than a year in prison for his role in a $23 million auto insurance fraud involving chiropractors’ clinics.

The SunSentinel reports 55-year-old Jason Dalley wept in court April 16 as a judge sentenced him to spend a year and nine months in prison and pay more than $1.8 million in restitution

Dalley admitted he was part of a group of clinic owners, chiropractors and attorneys involved in the scheme. Court records show the fraud involving clinics in Broward, Palm Beach and Miami-Dade counties brought in at least $23 million from 10 insurance companies between 2010 and 2017.

Dalley ran a personal injury and criminal defense law firm in Boca Raton. He pleaded guilty to conspiring to commit health care, mail and wire fraud.

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https://www.insurancejournal.com/news/southeast/2018/04/20/486981.htm

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