Please call  Lee from  USAsurance  & Calle Financial. 954-270-7966, 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 the employer.

Within the past few months, experts in all industries have analyzed the ways the coronavirus pandemic will affect their business environments. Insurance is no different.

As the pandemic’s impact on the insurance market gradually unravels, experts can turn to various indicators to determine how much the industry has been affected thus far.

Consider USI Insurance Services’ recently released “Q2-2020 Commercial Property & Casualty Insurance Market Outlook Report,” which highlights key industry trends amidst ongoing COVID-19 challenges.

“While it is too soon to determine the full impact of COVID-19 on the property & casualty insurance industry, markets are facing unique and interrelated challenges that industry insiders feel will continue through 2020 and well into 2021,” Robert Meyers, senior vice president, property & casualty leader at USI, said in the report. ”In fact, as rate increases, capacity reductions, and other negative trends continue to harden the market, the industry faces a number of challenges and uncertainties resulting from the ongoing COVID-19 pandemic. The property, umbrella/excess liability, casualty, and directors & officers (D&O) liability markets are currently dealing with the most significant issues.”

Among USI’s findings is the reveal that all segments of the property sector are experiencing higher rates, capacity restrictions/limitations, and other challenges resulting from excessive underwriting submissions, virus claims and lawsuits, and more.

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Please call  Lee from  USAsurance  & Calle Financial. 954-270-7966, 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 the employer.

After witnessing several years of decreases, commercial insurance buyers are facing rate increases not seen in almost two decades, adding to the hardships many are already experiencing amid the COVID-19 pandemic.

Industry experts expect price hikes to double for some premiums as insurers try to mitigate the impact the coronavirus on their revenue.

The outbreak has created a double whammy for insurers, with combined customer claims predicted to exceed US$100 billion and the volatile financial markets hitting reserves hard.

The industry had already seen a marked rise in insurance and reinsurance prices even before the pandemic struck, partly as a result of years of relatively expensive natural catastrophes and compensation payments.

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Please call Lee from Acentria Insurance at 954-270-7966 for free quotes on Home Insurance, Auto, Flood, Private Flood, Car, Business & Commercial & life & Financial products as well.

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.

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A two-year PIP fraud (personal injury protection) investigation involving Integrated Healing Clinic in Tampa, Fla., has concluded with the arrests of 7 residents, according to a statement by the Florida Department of Financial Services’ Division of Insurance Fraud. The Division’s investigation discovered that clinic staff had filed several patient claims with multiple insurance carriers for prices that far exceeded actual treatment costs and, in some cases, for treatments that never took place.

“These individuals orchestrated a complex operation to defraud insurance companies and, ultimately, all Floridians,” said Deputy CFO Jay Etheridge. “I’m proud of the results of this collaborative investigation and hope this serves as a deterrent for anyone considering or currently engaged in similar criminal acts in our state.”


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.

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



A jury has found Cantonment, Fla., insurance agent Randall Petersen guilty of racketeering and money laundering. An investigation by the Department of Financial Services’ Division of Insurance Fraud revealed that Petersen conspired with others during 2010 and 2011 using the business name College Consultants of the Gulf Coast to defraud insurance companies out of more than $891,000, according to a statement from the Chief Financial Officer Jeff Atwater. Sentencing is scheduled for May 22nd.

Petersen’s scheme enticed victims to attend employment seminars in Florida, Georgia and Mississippi using fraudulent job listings placed on Craigslist. When enough potential applicants were identified, the applicants were invited to the seminars where Petersen took their personal information and life insurance applications, which were presented as employee life insurance policies funded by payroll deductions.

I have talked about this for quite some time and now a  lawsuit is looking to become a class action suit. I think this is just for the Lawyers because any Insurance company can inspect a home any time they want as long as they call in advance and set it up. I know the Inspection companies work for  Citizens Insurance and they are on the lazy side when it comes to doing the corrct job, but the real issue is with the departmant that  keeps changing the Mitigation Inspection forms we all use. These forms are always said to be good for 5 years, but they are changed every 2 years and most recently again  on 2/1/2012.The forms are drafted at the Office of Insurance Regulation(OIR) or w/ the Insurance commissioner’s office and the Insurance companies simply start to require the new form that was created. They are within their rights to do so and anyone would do it if they could make more money in business. Citizens cannot become the Insurer of last resort again as Governor Rick Scott wants, if the rates are the lowest in the Industry. Every carrier is now doing their own inspections of one type or another and they are following the laws for our State. The lawsuit should be against the State for totally screwing up the entire Insurance industry because they do not know how to fix it.Oh I forgot, you cannot sue them as they are above the Law, why is that. Please read the full article by Paul Owers & Julie Patel of the Fort lauderdale Sun Sentinal.Please call L & S Insurance(888-244-7400) for all of your Home, Auto, Business & Commercial, Flood, and even Life Insurance.