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An experienced insurance claims lawyer serving the Tampa Bay area and across Florida

May 2016 Archives

Rate Increases Loom Large for South Florida Homeowners

How will rate increases affect water damage claims in the tri-county area?

In response to the rising costs of water damage claims to insurers, state regulators approved rate increases on homeowners insurance. According to state records, one leading insurer, Federated National Insurance, was granted a statewide increase of 5.5 percent which affected over 54,000 policies. In addition, Tower Hill was granted a 13.1 percent and an 8.2 percent rate hike for their Select and Preferred lines, respectively.

Rate Increases Loom Large for South Florida Homeowners

How will rate increases affect water damage claims in the tri-county area?

In response to the rising costs of water damage claims to insurers, state regulators approved rate increases on homeowners insurance. According to state records, one leading insurer, Federated National Insurance, was granted a statewide increase of 5.5 percent which affected over 54,000 policies. In addition, Tower Hill was granted a 13.1 percent and an 8.2 percent rate hike for their Select and Preferred lines, respectively.

Hurricane Wreaks Havoc on Cape Coral, Florida Causing Long Wait Times for Property Insurance Payouts and Repairs

How does a natural disaster affect property insurance wait times?

Florida is known for its extreme weather. It usually comes in the form of hurricanes with heavy rain and high winds that devastate properties throughout the state. Early this year, however, one area of Florida was hit with another type of extreme weather, a , and it did just as much damage as a hurricane.

Homeowner's Insurance Soon to be Available Online in Florida

Is buying insurance online good for the insured?

We have all seen and heard the commercials -- get a quote online! Sign up online! Save time and money by getting insurance online! It is no longer a necessity to meet with or even call an agent in order to get insurance in many situations. Some say this has increased efficiency. Others in the industry are not so sure.

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