Articles

Study: Repeat Offenders: How the Insurance Industry Manufactures Crises and Harms America

The first definitive expose of 35 years of manufactured insurance crises.  So far there have been three.  We document how this industry is now creating a fourth. Imagine an industry that sold a product which every person and business in America needed.  This product was so important that the industry could literally threaten the economy […]

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Preparing for the Deluge: Why Everyone Needs Flood Insurance

In the wake of Hurricane Katrina, no one could ignore the shocking media coverage documenting the devastating destruction. When the levees broke and storm waters surged, homes were swept away, families were left stranded on rooftops and many lost their lives. Suddenly, families throughout the nation were forced to ask themselves a frightening question: “What […]

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Do you need your own claims adjuster?

Angry that your insurance company isn’t moving as fast with that claim check as you’d like? Or maybe the adjuster’s offer is less than you need to cover your losses? Perhaps you need your own adjuster. Public adjusters assume all of the duties necessary to get your claim processed, including making an inventory of the […]

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Beware of Contractors Offering Homeowners A “Free Roof”

Palm Beach County Roofing and Sheet Metal Contractors Association CONSUMER ADVISORY BULLETIN For the past few years, South Florida homeowners have been solicited by an increasing number of scam operators, offering to install a new roof on their house for the settlement amount they obtain from the insurance company. As the October 24, 2010 deadline […]

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After-Storm Advice for Roof Repair

By Jennifer Reich, Elk Marketing Specialist Dallas — During the worst storms you can board up windows and doors around the exterior of your home, but you can’t board up your roof. Mother Nature can wreak havoc on your roof, one of the most exposed parts of your home. But, how do you know if […]

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Under Alex Sink’s Department of Financial Services Florida Insurance Companies only get a slap on the hand when they break the law.

A Florida online insurance agency found to have sold homeowners policies using unlicensed personnel will pay a $100,000 fine. The agency will also contact every customer affected and offer to rewrite their policies, under terms of a settlement reached with state officials. In March, Chief Financial Officer Alex Sink’s Department of Financial Services took legal […]

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Let’s all congratulate Kevin M. McCarty the Florida Consumer Advocate for allowing Magnolia Insurance Company to take over 100,000 Citizens policies.

One of Florida’s young property insurance companies, Magnolia Insurance Co., has been stripped of its financial rating by rating firm Demotech, Inc. Demotech assigned its Financial Stability Rating of A, Exceptional to Magnolia in October, based on what it said was extended discussion with the insurer’s management and the promise that a business plan with […]

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Lenny Bauman: Be wary of “unlicensed” advice | Gainesville.com | The Gainesville Sun | Gainesville, FL

Dealing with flood, fire or other serious damage to a home can be an extremely stressful experience, as owners attempt to secure precious belongings, protect their home against further damage and document their loss for insurance purposes. Words of advice come from nearly every angle, as everyone from friends, family and neighbors to insurance company […]

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Miami Condo Association Sues QBE Insurance Over Hurricane Claims

A Miami condominium association is suing its insurer, QBE Insurance Corp., and its Florida general managing agent, for more than $500 million in damages, claiming bad faith and deception in handling hurricane claims. Daniel S. Rosenbaum, the managing partner of Katzman Garfinkel Rosenbaum, LLP, in West Palm Beach, said his firm obtained a judgment against […]

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A bad deal from Citizens – St. Petersburg Times

Florida’s state-run insurer absolutely should be rooting out fraud and incompetence that is inflating hurricane-mitigation discounts for homeowners. But Citizens Property Insurance Corp.’s board of directors should not award a no-bid $60 million contract to a private vendor who has not tackled a project of this size. The board should reconsider and seek competitive bids. […]

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