Archive for 'Hurricane Insurance' Category
Jan 6, 2021

Homeowners and commercial property owners in Florida know what it’s like to suffer from hurricane damage, tropical storms, and other acts of Mother Nature. Many of them also know that getting compensated for the damages through their hurricane insurance is a tedious process. Unfortunately, Floridians are no strangers to dealing with uncooperative insurance adjusters or […]

May 16, 2019

Proposed changes to the law in Florida could ultimately affect the ability for policyholders to hold their insurance companies accountable in terms of delaying or failing to settle claims, including those related to hurricane relief. A bill recently submitted to the legislature would make a number of changes that would cripple the ability for the consumer to […]

Feb 6, 2019

On December 5, Florida-based Citizens Property Insurance Corporation announced that it would be paying a number of appraisers to review various hurricane insurance lawsuits and disputes related to Hurricane Irma and expediting settlement and resolutions of these disputes. Reportedly, if the appraisers cannot come to an agreement, Citizens will resort to paying “umpires” to make binding decisions. […]

Dec 27, 2018

The estimated damage – just to agricultural resources – from Hurricane Michael across Florida and several other states is forecast to go over $1.3 billion, and includes cotton farms, pecan farms, and poultry operations as some of the hardest hit. Hurricanes are especially damaging to cotton crops, leading to an increase in the price of […]

Sep 3, 2018

Hurricane Irma cost the state of Florida approximately 2 million visitors and a loss of $1.5 billion in visitor spending. According to analyses, most waterfront tourism destinations also saw dramatic declines in the days immediately before the hurricane hit, which must also be taken into account in determining total lost income due to the storm […]

Jul 25, 2018

In late May, Coastal Breeze News featured an important article discussing when homeowners have tried for long enough to settle their Hurricane Irma claims with their insurance carriers, and whether there has been insurance bad faith. Below, we discuss this issue in greater detail. Florida Homeowner Claims Bill of Rights Florida has what’s known as the Homeowner Claims Bill of Rights, […]

Jun 21, 2018

According to recent reports, the top 20 property insurers in Florida were served with more than 10,000 lawsuits over hurricane Irma claim denials just between January and March, reflecting a more than 61 percent increase from last year. Universal Property & Casualty Co.—Florida’s largest insurer—noted that the company has received close to 80,000 Hurricane Irma-related claims, including […]

Nov 20, 0013

Florida is no stranger to hurricanes and storms, especially during the months of September and October. Unsurprisingly, Florida is also the third most expensive state for homeowners’ insurance coverage. According to Insurance.com, Florida’s average home insurance rate is nearly $1,338 higher than the national average. Just because your homeowners’ insurance policy covers damages caused by a […]