Page 80 - Mark Friedlander News Today

You wouldn’t want to head into Hurricane Season without this necessity. Some homeowners insurance carriers are canceling thousands of policies with little notice to their customers. When Becky Ghrist’s homeowner’s insurance dropped her just weeks before hurricane season was set to begin, she was floored. “This isn’t just. I thought it was just happening to […]

By Mitch Perry Florida SHARE A measure that aims to reform Florida’s property insurance industry was scheduled to get its last committee stop in the Florida House on Monday, but that vote in the Commerce Committee will now take place on Friday. What You Need To Know Bills in Tallahassee would prevent insurance companies from having to pay full amount to replace roofs They would make it harder for ...

But you could be forced to buy another piece of coverage. Lawmakers in favor say the goal is to lower car insurance rates by making the person responsible for a crash pay. But the state senate passed its bill without any independent analysis showing premiums would actually go down. In fact, chances are they could go up. A change in auto insurance would drive premium increases for just about every driver in the state. But for Floridians who already carry bodily injury coverage rates could go dow...

To revist this article, visit My Profile, then View saved stories. In the Before Times, Jerry McNee wasn’t always a fan of appraisers. McNee is the president of Ultimate Collision Repair, an auto repair shop in Edison, New Jersey. From his perspective, appraisers and claims adjusters, paid by insurance companies, generally want to pay less for repairs than he thinks his shop deserves. Since Covid-19 swept the globe last year, McNee sees far fewer appraisers. Instead, insurers are deployin...

Florida’s Property Insurance Market Is Ailing. There Is No Quick Fix. Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. “Florida is clearly a deteriorating market,” said Mark Friedlander, the state’ s representative for the Insurance Information Institute,… This article is available to INNsider Pro subscribers only...

Updated 2 hours ago Florida’s property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price. Experts say there is no quick fix to the challenges buffeting the industry. Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they ...

Piney Point evacuation: Does your insurance cover that? Hundreds had to evacuate as officials worked to contain a wastewater leak in Manatee County.     For residents and business owners evacuated because of the Piney Point leak, insurance may help pay some of the displacement costs. Pictured is effluent flowing from a pipe into a drainage ditch at Port Manatee South Gate on Tuesday. | [Douglas R. Clifford | Times] [ DOUGLAS R. CLIFFORD | Times ] Updated Apr. 7 PALMETTO — Hundreds...

"As we just saw in Nashville, flooding can occur just about any place, any time," Friedlander said. NFIP limits coverage for residential properties to $250,000 for damage to the structure and $100,000 for contents of the home. Landlords are responsible for damage to the physical structure of rental units, but any flood insurance held by a landlord doesnt protect renters belongings. Standard renters insurance policies do not cover flood damage to personal possessions, though separate flood cover...

Nearly 39,000 vehicles were stolen in Florida in 2019, according to the Florida Department of Law Enforcement. New numbers show thefts went way up in 2020.

Ratings agencies say St. Petersburg insurer isn’t financially healthy American Capital Assurance Corp. was downgraded by both AM Best and Demotech Inc. this month.     American Capital Assurance Corp. is a St. Petersburg-based insurer. Its financial health ratings were downgraded recently. Pictured is its website Thursday. | [Courtesy of American Capital Assurance Corp.] [ American Capital Assurance Corp ] Updated Mar. 12 ST. PETERSBURG — Insurance ratings agencies lowered their...