Radey is an AV-rated firm consisting of lawyers who practice before state agencies and in all state and federal courts.
As required by a law passed in 2013, the maximum Coverage A amounts for Citizens Property Insurance Corporation’s personal residential coverage have been reduced again effective January 1, 2017. The following new business and renewals for personal residential risks are no longer are eligible for coverage in Citizens: A structure that has a dwelling replacement […]
As required by a law passed in 2013, the maximum Coverage A amounts for Citizens Property Insurance Corporation’s personal residential coverage will be reduced again effective January 1, 2017. Effective at the beginning of net year, the following new business and renewals for personal residential risks are no longer are eligible for coverage in Citizens: A structure […]
Today marks the first meeting of the Homeowners Policy & Claims Bill of Rights Working Group. The group, convened by the Insurance Consumer Advocate, consists of regulators, consumer groups, representatives of trial lawyers and public adjusters, and the insurance industry. The formation of the group follows feedback received by the consumer advocate and the Department […]
In Trinidad v. Florida Peninsula Insurance Company issued July 3, 2013, the Florida Supreme Court considered the scope of replacement cost coverage under the 2008 version of Section 627.7011, Florida Statutes. The statute provided that the insurer would pay the insured the replacement cost of his damaged property without regard to whether the insured repaired […]
Major property insurance bills are scheduled to be heard today in both the Senate and the House of Representatives. Both chambers are considering substantial property insurance reforms aimed at curing some of the so-called “cost drivers” of insurance rates in the Florida property market. The term cost-drivers has been used to generically refer to several […]
Florida Insurance Commissioner Kevin McCarty has been discussing the “cost drivers” affecting Florida’s property insurance market since last year’s legislative session. As the 2011 session draws near, Commissioner McCarty continues to identify the key factors affecting property and casualty insurers in Florida. McCarty top five issues include the following: 1. Attracting Capital– Commissioner McCarty points […]
Each year at the outset of the legislative session, there is considerable speculation as to proposals that might pass and those that will fall by the wayside. Some proposals evoke strong feelings from opposing sides of the debate, as is likely to be the case in 2010 with proposals like the “consumer choice” bill that […]
