Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
Citizens Property Insurance Corporation is delaying action on a proposed 2019 rate filing while it continues to look for ways to address concerns with assignments of benefits. Citizens’ board recently decided to defer a proposed 7.9% statewide average increase for its personal residential programs. The indicated rate need is much higher in some areas, but […]
Florida’s Second District Court of Appeal has upheld the ability of a policyholder to make multiple assignments under a homeowners insurance policy. Nicon Construction v. Homeowners Choice Property and Casualty Insurance Company involved a policyholder’s issuing assignments of benefits to two separate vendors. The insurer argued that upon the policyholder’s assigning the policy rights to […]
The 2018 Florida legislative session is drawing to a close, barring any extensions or subsequent special sessions. This year’s session has been unusual for issues outside of the typical annual cycles of budgets and other expected business. The 2018 session began with a lot of attention directed to the range of relationships between legislators, staff […]
Florida Legislature, Insurance Regulation News, property insurance, assignment of benefits, AOB
The 5th District Court of Appeal dealt another setback to insurers dealing with the “assignment of benefits” issue that continues to lead to rising insurance rates and restricted capacity in some areas of the state. The latest in a string of adverse judicial decisions came last week in Restoration 1 CFL, LLC v. ASI Preferred […]
Citizens Property Insurance Corporation, Office of Insurance Regulation, Travis Miller, Radey, Florida Senate, attorneys fees, Florida House of Representatives, radeylaw, water damage, assignment of benefits, AOB, water damage claims
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, AOB, FAIA
Florida Legislature, Insurance Regulation News, Florida Office of Insurance Regulation, assignment of benefits, AOB
Just two weeks into the 2018 legislative session, the Florida House of Representatives and Senate continue to take distinct approaches to the “assignment of benefits” concerns affecting Floridians through increased insurance premiums. The House passed a bill containing reforms directed at the root of the problem– the one-way attorneys’ fee statute against insurers, which has […]
Florida Legislature, Insurance Regulation News, assignment of benefits, David Altmaier, AOB, Florida OIR
