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 Florida woman has been arrested for alleged unlicensed practice of public adjusting and grand theft related to Hurricane Irma, according to a statement from the Florida Department of Financial Services.

Mary Bruce is accused of attempting to steal more than $68,000 in fraudulent insurance claims. This is Bruce’s second arrest for insurance fraud this year. Officials said she bonded out of jail in January and was arrested again on separate charges.

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https://www.insurancejournal.com/news/southeast/2019/02/21/518398.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,

For the seventh year in a row, the Florida insurance industry, regulators, and consumer advocates will push for reforms to the state’s assignment of benefits issue that has now become an insurance crisis, according to a report from the Insurance Information Institute (I.I.I.)

“[Florida’s] legal environment has encouraged vendors and their attorneys to solicit unwarranted AOBs from tens of thousands of Floridians, conduct unnecessary or unnecessarily expensive work, then file tens of thousands of lawsuits against insurance companies that deny or dispute the claims,” the report says of the misuse of the policyholder protection known as AOB.

Michael Carlson, president of the Personal Insurance Federation of Florida, said the I.I.I. study underscores the global problem with AOBs in Florida, and highlights the “pernicious effects of our one-way fee law on our justice and insurance systems.”

“It is well past time for the [Florida] Legislature to fix this problem,” he said, noting a bill addressing attorney fees – Senate Bill 122 – has already been filed for 2019 Florida Legislative Session, which begins in March.

With rates rising and insurers pulling back in parts of the state where the abuse is most rampant, such as in South Florida, insurance leaders say the crisis must be addressed.

“The key issue at OIR [Office of Insurance Regulation] is the issue of AOB,” Florida Insurance Commissioner David Altmaier told attendees at the Florida Chamber of Commerce’s annual Insurance Summit in November. “It is an excessive litigation issue driven primarily by a loophole in the attorney fee statute … [it] is being used to the detriment of consumers.”

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2019/01/29/515957.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,

The U.S. Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act that allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 percent of their qualified business income on their taxes.

Today’s final rules cleared up lingering doubts about whether insurance agents qualify for the full 20 percent deduction for their 2018 taxes and for years going forward until 2025 under President Donald Trump’s tax law. They do qualify.

Please enjoy the full article below;

https://www.insurancejournal.com/news/national/2019/01/18/515313.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,

An unlicensed insurance adjuster has been arrested over unlicensed public adjusting activities and the filing of false and fraudulent liens on individuals’ homes following Hurricane Irma, according to a statement from the Florida Department of Financial Services.

Chief Financial Officer (CFO) Jimmy Patronis reported Mary Bruce is accused of stealing $14,000 in total from homeowners.

Following Hurricane Irma in September 2017, DFS investigators discovered that Bruce approached roofing companies and homeowners in Central Florida and falsely identified herself as a “claims manager.”

Bruce is alleged to have told homeowners she could increase prior hurricane insurance claim settlements up to $30,000, but would require homeowners to sign a Power of Attorney document in order to do so.

Once signed, Bruce submitted an adjusted claim to the insurance company, doubling the original cost estimates submitted previously. If the insurance company refused to pay the increased adjusted amount, Bruce would then place a lien on the homeowner’s property.

Bruce was arrested and booked into the Volusia County Jail on charges of unlicensed public adjuster and filing of false and fraudulent lien. If convicted, Bruce faces up to 10 years in prison

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https://www.insurancejournal.com/news/southeast/2019/01/18/515155.htm

Please call Lee Gorodetsky from Your Insurance Consultant   L & S Insurance at 954-270-7966 for free quotes on Home Insurance, Auto, Flood, Car, Business & Commercial, Life Health and group benefit products from Colonial Life, referrals to many who can help as well as my consulting business. I want to be sure you have the best coverage available when you have a claim. During a claim is the worst time to find out your policy will not cover you well. Please contact me for consulting help and my classes for Realtors and the consumers.

A Florida man has been sentenced to eight years in prison for taking advantage of people who suffered property damage last year during Hurricane Irma.

Collier County prosecutors says 44-year-old Daniel Lawrence Ohleyer was sentenced Monday. He had been convicted of two counts of contracting without a license during a state of emergency, one count of grand theft and two counts of violation of probation.

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2018/12/21/512749.htm

Please call Lee Gorodetsky at 954-270-7966 for free quotes on Home Insurance, Auto, Flood, Private Flood, Car, Business & Commercial, Life, Health, and all types of group and benefit programs.

An unlicensed contractor operating in the Florida Panhandle has been arrested by the Florida Disaster Fraud Action Strike Force (DFAST) for allegedly conducting roofing repairs following Hurricane Michael, according to a statement from Chief Financial Officer (CFO) Jimmy Patronis.

Ashley Porterfield, owner of Porterfield Building, was arrested Nov. 20 on charges of unlicensed contracting, a third-degree felony during a state of emergency. DFAST reportedly observed employees of Porterfield Building repairing a damaged roof while deployed to the Panhandle following Hurricane Michael.

Investigators made contact to verify the company had the proper licensure and workers’ compensation insurance coverage required by Florida law. It was discovered that Porterfield was not licensed to conduct business in the state.

“The Panhandle is recovering after Hurricane Michael, but unlicensed contractors could deal another blow to Florida families,” Patronis said. “Unlicensed activity puts Floridians in danger and takes business away from reputable contractors that follow the law. Before allowing anyone to make repairs, verify they have the required licenses and insurance. While hurricane season ends tomorrow, we will keep working to protect residents and business owners as they rebuild.”

Porterfield was and booked into the Bay County Jail and if convicted, could face up to 5 years in prison

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2018/12/06/511147.htm

Please call Lee Gorodetsky at 954-270-7966  for free quotes on Home Insurance, Auto, Flood , Private Flood, Car,  Business & Commercial, Life, Health & Group enrollment business of all types.

A new study released by the Insurance Information Institute (I.I.I.) finds that Florida’s assignment of benefits (AOB) crisis has cost consumers billions of dollars in unnecessary litigation and inflated claim costs as the abuse continues to spread statewide.

“In Florida, abuse of AOBs has fueled an insurance crisis,” the report says of the misuse of the policyholder protection known as AOB. “The state’s legal environment has encouraged vendors and their attorneys to solicit unwarranted AOBs from tens of thousands of Floridians, conduct unnecessary or unnecessarily expensive work, then file tens of thousands of lawsuits against insurance companies that deny or dispute the claims.”

The I.I.I. report says the AOB “mini-industry has cost consumers billions of dollars as they are forced to pay higher premiums to cover needless repairs and excessive legal fees.”

An AOB is a document signed by either an auto or homeowners policyholder which allows a third party, such as an auto repair shop or a roofer, to seek direct payment from an insurer on a policyholder’s behalf. In Florida, a policyholder is permitted to sign an AOB document without notifying their insurer or seeking the insurer’s consent. The abuse has stemmed from the third parties with a signed AOB working with plaintiff’s attorney to sue an insurer when the insurer disputes an inflated bill from the third party.

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https://www.insurancejournal.com/news/southeast/2018/12/12/511654.htm