Please call Lee from Acentria Insurance at 954-270-7966 for free quotes on Home Insurance, Auto, Flood, Private Flood, Car, Business & Commercial, Life Group Health plans, Business & Commercial policies as well.

A restoration contractor company owner has been arrested over an alleged assignment of benefits (AOB) fraud scheme that impacted 19 homeowners in eight Florida counties and one Texas county, according to a statement from Florida Chief Financial Officer (CFO) Jimmy Patronis.

Timothy Matthew Cox, owner of Nationwide Catastrophe Services, Inc. and Restoration Response Services, Inc., is alleged to have stolen nearly $140,000 for home repairs related to damages from tropical weather events that he never provided. As a result of Cox’s alleged activity, the victims’ homes sustained additional damage from significant weather events, including Hurricane Irma, the statement said.

The Florida Bureau of Insurance Fraud, a division of the Florida Department of Financial Services, found that Cox and his team targeted Brevard, Clay, Escambia, Flagler, Orange, Osceola, Seminole and Volusia Counties and Tarrant County, Texas.

These areas were impacted by tropical storms and hurricanes, and according to DFS, Cox is alleged to have pressured homeowners to sign an AOB contract to have damages repaired. Cox received $139,444.97 from the 19 victims and their insurance carriers.

After receiving the insurance payments, Cox’s team never started any of the work they were contracted to perform on the 19 homes, according to the statement. The payments made to Nationwide Catastrophe Services, Inc. and Restoration Response Services, Inc. were deposited into bank accounts controlled by Cox, who used the money for personal use, DFS said

Please enjoy the full article below;

https://www.insurancejournal.com/news/southeast/2018/06/13/491931.htm

Please call Lee at 954-351-1960 for free quotes on Home Insurance, Auto, Flood, Private Flood, Car, Business & Commercial & Life & Health Insurance and Group financial products as well.

 

Nearly 17,000 flood insurance claims connected with Hurricane Irma have been filed, and more are expected in the coming weeks.

The Sun-Sentinel reports that of 16,786 flood claims filed through Thursday, 3,969 were filed in Monroe County.

FEMA data shows that Miami-Dade residents have filed 1,870 claims, 829 have been filed in Broward County and 199 have come from Palm Beach County.

Other counties with large numbers of flood insurance claims are Duval, with 1,514, Lee, with1,426 and Collier with 1,364.

Fewer than 200 claims have been filed in Hillsborough, Pinellas and Charlotte counties – an example of how the Tampa Bay region was spared the severe impact feared by forecasters.

http://www.insurancejournal.com/news/southeast/2017/09/27/465727.htm

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

 

A massive sinkhole at a fertilizer plant should be plugged by spring, months after contaminated water and waste began flowing into Florida’s main drinking water aquifer, the company said Friday.

“Based on the survey results, the company now has a better understanding of the sinkhole dimensions – which is a critical step in remediating the sinkhole,” she wrote.

Neslund said the upper cavity is between 140 feet and 150 feet in diameter at its widest point, and about 220 feet deep.

Mosaic _ one of the world’s largest producers of phosphate and potash for fertilizer _ previously acknowledged that the contamination had spread to groundwater around the sinkhole.

 

Please enjoy the full article below!

http://www.insurancejournal.com/news/southeast/2016/11/01/431063.htm

The House and Senate in Washington D.C. are ready to put this old bill(Biggert – Waters) behind us. This was a bill that was hard fought and passed in 2012, when almost no bills were passed so this was purely political in nature for sure. In the meantime, the President will sign it and make Flood Insurance easier for a while, but in 3-4  years the problem will resurface for sure. In Tallahassee, our Legislators will also pass the Private Flood bill so Flood Insurance should not be as much of an issue like it would have been for many in Fort Lauderdale, Tarpon Springs and all over Florida. Please read the full article below and please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, and Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/03/16/323451.htm

 

Now the House and Senate have approved and President Obama will soon sign it into Law. This will basically put everything back the way it was before October 1st 2013. Fort Lauderdale, South Florida, Tarpon Springs Tampa, and all of Florida will be in a better situation for at least 3-4 more years until the 5 years is up from the Original Biggert-Waters bill. The following changes will occur;

Anyone who was charged more will be getting refunds.

Subsidized rates will again be allowed we hope.

The 25 Billion dollar deficit will remain unchecked till another solution is found.

Rate Hikes will be capped off at 15-18% per year.

And Grandfather clauses will be maintained till July of 2017 when a new bill must be reached and agreed upon.

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

http://www.insurancejournal.com/news/national/2014/03/13/323273.htm

This bill will now be called the Grimm-Waters bill and takes back the Biggert-Waters bill and stops it in the path it was on. This is a huge win for Homeowner’s and the Real estate industry. The homes that were always, Location, Location, Location, also were huge targets for Biggert-Waters. Older homes that are Pre- Firm or on the water were most likely to be hit hard. Grimm-Water’s will allow the Subsidies to come back and cap Price increases. The rule will be 10-18% or a max of 1% of coverage A which will be $250 at most per year. Obviously Flood Insurance rates still have to increase for FEMA to pay back the Fed on it’s bail out since they are still in debt about 25Billion. FEMA seems to be taking the blame for all of this, but I do not see it this way. FEMA simply rolled out the bill passed in July 2012 and now they will roil out this bill. This is an election year so Politics won this fight for now, but a win is a win for a short While Florida Politicians in Tall. will still be forging on with a Private Flood bill because this bill will still have to be changed after FEMA completes a Feasibility study for 3 years or so and then decide what else they can do. Lot’s of Information to Inhale, but residents of Fort Lauderdale, Tarpon Springs and all along the coastline of Florida will now rest easier for a few years. Please read 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.

http://www.insurancejournal.com/news/national/2014/03/04/322194.htm

Biggert waters Flood Bill with FEMA, may finally be repealed with HR 3370. With 230 in favor in a test run and even Democrat Maxine Waters, the sponsor of the original bill, the vote should pass. Money could be refunded to those who overpaid and limits on increases will also be in place. Private Flood is still ongoing in the Florida House and Senate as well. We will see how this affects all of us in Fort Lauderdale, Tarpon Springs in Tampa and the rest of Florida as well. Please enjoy the full article below and be looking for the passing of this bill by Friday this week. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial and Life & Financial products as well.

http://www.insurancejournal.com/news/national/2014/03/04/322127.htm

Please read the full article below to see how this affects us here in Fort Lauderdale, Tarpon Springs and all over Florida. This could be a temporary fix for primary homeowners, but not investors. We also do have a Private flood market now and a bill going through Tallahassee as well to make Private flood the best place to look for the High Risk people for now and many years to come. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Flood, Auto, Business & Commercial, and Life & financial products as well. Please enjoy the full article below;

http://www.insurancejournal.com/news/national/2014/02/24/321318.htm

Great news and more reasons to call L & S Insurance for any home you need quotes for. Not only can we write your Home Insurance in the older home and east Florida(Fort Lauderdale) markets here in S. Florida and Tampa(Pinellas County),now we can write the Flood policy as well saving you Thousands of dollars and making the home more affordable. Please call us at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial, and Life & Financial products as well. Please enjoy the full article below before you call us.

http://www.insurancejournal.com/news/southeast/2014/01/24/318340.htm

Private flood is working and Lloyds is the backer. This is considered Surplus lines so it is not guaranteed by our government, but it is by Lloyds of London and they have plenty of money. For all of those getting these high rates, please call us and we will shop out your Flood policy and other policies as well. The rates in Fort Lauderdale, Miami Tampa, Tarpon Springs and other Key areas here in Florida. There is still a bill passing through the Legislators in Florida which should allow the program to expand as well. Please call L & S 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.insurancejournal.com/news/national/2014/02/10/320017.htm