Page 71 - Mark Friedlander News Today

Florida may have one of the most generous attorney-fee mechanisms in the country, sometimes resulting in plaintiff's fees that are several times greater

“Every single property owner in the state is going to pay for failed insurers with a special assessment that will be tacked on to their next home insurance renewal bill."

Some insurers are dropping clients, others are no longer writing policies in. the state, while those keeping customers may in some cases double policy renewal rates. An air of uncertainty is brought onto Florida residents every year between the months of June and November.

In 2022 three property insurance companies serving Florida homeowners have gone into receivership and, FedNat Insurance is facing problems.

FedNat is the latest insurance group to cancel more than 68,000 residential home insurance policies in Florida.

St. JOHNS, Fla., May 17, 2022 /PRNewswire/ -- The Insurance Information Institutes (Triple-I) Mark Friedlander will join two other industry exper...

As if inflation-hit consumers don’t enough to worry about with rising food and gas prices | Univision News Money | Univision

You should also investigate whether insurance claims have been filed by the home’ s previous owners, said Mark Friedlander, director of corporate communications for the industry-funded Insurance Information Institute. Buyers looking for homes in today’ s hot South Florida real estate market face challenges securing coverage in Florida’ s troubled...

Homebuyers can be blindsided when past insurance claims are discovered against houses they have contracted to buy, insurance experts say. Old claims can cause higher rates for a home's new owner. And a Coral Springs man said an old claim prevented him from securing insurance from a regulated firm in Florida. Instead, he was forced to pay thousands of dollars more for a surplus lines policy.

Regardless of where you live, it’s important to know which types of weather-related damage your homeowners insurance covers.