Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

Two bills seeking to change the way Florida surplus lines business is handled are currently working their way through the Florida State Legislature and advocates say the potential laws could bring much needed efficiency to the state’s surplus lines market.

The bills – Senate 538 and House Bill 387 – propose small changes with potentially large effects on Florida surplus lines agents. The bills were introduced by Senator Jeff Brandes, R- St. Petersburg, and Representative Colleen Burton, R-Florida, respectively.

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/04/09/523091.htm

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Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

The “Underwater Homeowners Association” sounds like a sad joke about the future of real estate in flood-prone Miami.

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Starting in his affluent suburb of Pinecrest, artist Xavier Cortada hopes his concept will spread, helping people nationwide understand that melting polar ice is no abstract threat.

Cortada repurposes “for sale” signs, painting partially-submerged numbers that announce exactly how many feet above sea level each property is, for people to plant in their front yards. A growing number of members have signed on at underwaterhoa.org since Cortada launched the idea in December.

Cortada’s signs show his home is on relatively high ground: 6 feet (2 meters) above sea level. His studio is at 8 feet (2.5 meters).

Rising seas will spare no one concerned about quality of life in Pinecrest, a village of 19,000 not far from Biscayne Bay. Like the rest of South Florida, it’s trapped between the ocean and the swampy Everglades, which act as a western coastline. Water also rises through Florida’s porous bedrock, making seawalls and levees less effective.

t’s actually an earnest effort to turn neighbors into climate-change advocates, block-by-block.

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/04/05/522959.htm

Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

A former licensed insurance agency owner was arrested in Florida after allegedly stealing more than $620,000 in insurance premiums, according to a statement from Florida Chief Financial Officer (CFO) Jimmy Patronis.

Orestes Valentin Rodriguez, owner of Blue Guard Insurance Group Inc., is accused of pocketing insurance premiums from a property management company representing a Miami homeowner’s association and never paying the association’s insurance.

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/03/29/522022.htm

Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

Citizens Property Insurance Corp. plans to purchase approximately $200 million in traditional reinsurance coverage for the 2019 hurricane season to protect its Personal Lines Account (PLA) surplus it says is exposed to storm risk in areas located away from the coast.

The company said for the first time since 2005, Citizens will purchase traditional reinsurance for its PLA, which is comprised of 301,000 residential policies, most of which are not located along the coast. The reinsurance coverage will reduce Citizens’ PLA surplus exposure from 62 percent to 52 percent in the event of a 1-100 year storm.

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/03/28/521996.htm

 

Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

More than $40.5 million was recovered for Florida insurance consumers in 2018, including $17.4 million recovered for Hurricane Michael victims, by the state’s Insurance Consumer Helpline, according to a statement from Florida CFO Jimmy Patronis.

Patronis said the Florida Department of Financial Services Insurance Consumer Helpline (1-877-MY-FL-CFO) received more than 297,500 calls for assistance and opened more than 22,500 complaints on behalf of consumers last year.

 

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/03/22/521395.htm

Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

A licensed insurance agent out of Orlando, Fla., was arrested this month for allegedly submitting fraudulent insurance applications to multiple carriers, according to a statement from Florida CFO Jimmy Patronis.

Sheila De Lima Torres Tecchio with Enterprise Insurance Agency, Inc. is accused of preparing and submitting fraudulent insurance applications to multiple insurance carriers in an effort to defraud her customers out of insurance coverage and steal $16,763 in commissions

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/03/20/521114.htm

Please call  Lee from L & S Insurance, Inc. Your Insurance Consultant  about Home Insurance, Auto, Flood, Private Flood, Car, Life Insurance & Financial Products, Business  & Commercial Policies, and Group Products for business owners to give Employees benefits at no cost to them.

As lawmakers convene for the Florida Legislature for the 2019 Legislative Session, Sen. Doug Broxson (R-Gulf Breeze), an independent agent and member of the Florida Association of Insurance Agents (FAIA), has introduced a bill supported by the industry to reform a law that is being abused by attorneys and unscrupulous contractors

The current law provides that a policyholder who sues an insurance company for underpaying or denying a claim will not have to pay the insurance company’s attorney fees should the company win.

In theory, it levels the playing field for consumers who don’t have the financial resources to compete with a large insurance company.

In practice, it creates an environment ripe for abuse.

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/03/19/520981.htm