Roof ESX


Florida Focus---Big "AA" meeting scheduled forTallahassee

/ Categories: CADO Blog
Well, "AA"  can stand for different things or for the lack of different things..  Florida's insurance crisis revolves around the lack of Availability and Affordability in the insurance market.  Availability and Affordability---that's also "AA".
On January 16th, lawmakers, lobbyists, lawyers, agents, consumers and media will inundate Tallahassee, presenting and studying proposals and concepts to rectify the situation.  As for now, the situation seems to be worsening.  For instance, in the last month Citizens has announced their plans to jack up premiums 25% on vacation homes, second homes or otherwise non-homesteaded properties.  In Florida with its 1,300-plus miles of built up coastline, that's a bunch of policies and premiums.
Its not just policyholders searching for "AA".  Insurance carriers, too, can't find affordable reinsurance and are demanding rate increases in order to purchase what is available. 
What does all this mean for claims people?  Will carriers tend to go with more "in house" adjustments?  Will fee schedules be squeezed?
What do you think?
We will keep our ears open.


Horace · 1/23/2007 10:56:19 AM

January 23rd: Well, both the Legislature and the Gov were all smiles yesterday when the insurance session was disbanded. For policyholders, there is promised rate relief. The amount of reduction is 5% to 40% depending on who you talk to and the location of your property. This reduction is being accomplished primarily by the State providing more and cheaper reinsurance.

Citizens, the state operated insurer, will now be allowed to compete with private carriers relative to price, and also Citizens will be able to convert their, windstorm only, policies into multi-peril policies. Citizens, it appears, will be getting much bigger before it ever shrinks.

What about CLAIMS? I have not yet seen the actual 167 page bill. However, there is a provision requirng that insurance companies will have only 90 days to either pay or deny claims. Hmmmm! How is that going to be enforced? In an Andrew, four in '04, or a surprise storm like Wilma, many losses are not even inspected within 90 days. And what does "paid" mean? There are many partial payments.

Carefully checking the coverage will be vital. Hurricane deductibles will be allowed to go up to 10% (such as $20.000 on a $200,000 dwelling). Policyholders, if they have no mortgage, can delete and avoid windstorm coverage altogether. Insureds can also opt to delete and avoid unscheduled personal property.

More soon.


You don't have permission to post comments.

Past Articles

Note: Since CADO first went online in 1995 we have had many members contribute to the site with their articles and forum posts.  But over the years many of these post were lost however, we have recently been able to recover some of the articles and forum post and will be re-posting them as time allows.   They will be posted on this page (Commuunity Blog) with a note indicating that it was a prior post. RC

Forum Topics

What to do when the insured is deceased or divorced

I think death and divorce are common issues that rarely get covered in training. Adjusters learn what to do by trial and error, or if they are lucky, a knowledgeable supervisor tells them what to do.  Scenario #1.: The adjuster is handling a claim for Mr. John Smith and speaking with  a

Posted By: Leland
Posted In: General
Replies: 8

Claim Scenario for Discussion

  Forum Transfer; First posted by Janice Toll The following scenario is presented for discussion: Ms. Insured notices that the shingles on her roof are in pretty bad condition, and being one who likes to keep her home in top notch condition, asks some friends to assist her in replacing the sh

Posted By: Janice_Toll
Posted In: General
Replies: 17

2007 Version of Know before you Go.

My opine is not as good as the experts; but I think a monster hurricane will hit Texas or Florida with in the next 50 days. All new and old adjusters try not to be cheated by the known and not surfaced vendors and subs of venders and the subs of the subs. Ask more questions. Keep a copy of ever fil

Posted By: Ray Hall
Posted In: General
Replies: 32

Poor quality report writing

I just wanted to put in my two cents on how to write better reports. Please check these two examples:   Example #1 (poor quality) When I decided to go in the back door the homeowner said we should look in the room on the left and we went in there. The homeowner calls that office and th

Posted By: Leland
Posted In: The Claim File
Replies: 25

Hurricane Sandy

At this time a rapidly strengthening hurricane is going to cross Jamaica, Cuba and the Bahamas. But what then. Some modleing is suggesting a sub tropical blow to the NE with widespread 60 to 70 mph winds heavy rain and or snow. If this developes could see a billion dollar storm (ref: Dr. Jeff Master

Posted By: stormcrow
Posted In: Hail, Flood, Hurricanes and Weather Events
Replies: 24

How many Independent Adjusters out of work Today

Just curious, How many IA's are there out of work today who don't have other income to survive .  How many total adjusters are there in the USA . Including Staff adjusters.?    How many newbies still want to get into this stagnant business.

Posted By: Goldust
Posted In: General
Replies: 35


Much has been stated about the trials and tribulations of life on the road while working a storm. We all know about the non- stop 18 hour days and the pressure with performing and delivering to maintain a significant income. While I do not know personally what my physical appearance is when I a

Posted By: margar1
Posted In: Community Chat
Replies: 16

"Muffled Cries" story of adjuster killed in Tampa in Nov 04 reruns 9/22/07 at 6:30pm ET

Florida Farm Bureau adjuster, Katie Froeschle, age 25 ,was murdered in Tampa,FL on November 12, 2004 while inspecting a loss by the tenant who is now serving life in prison. Forensic Files investigated this and is re running the story "Muffled Cries" on 9/22/07 at 6:30pm ET. She was beaten

Posted By: Dimechimes
Posted In: General
Replies: 31


Does it appear to be a lot of work from this storm? Before the storm my email and phone were busy. It seems to have gotten pretty quiet.

Posted By: LucyZ
Posted In: General
Replies: 13



Posted By: Catmannn
Posted In: General
Replies: 26

Sandy Discussion

So, here we are Sandy is here.  It is really funny how changing jobs from commission to salary changes the perception. When I was a salaried road warrior, I used to beam with joy while seeing those clowns on Weather Channel acting like it's the end of the world. Now, I am a salaried guy working

Posted By: Alex_Chernov
Posted In: General
Replies: 84

Did I mess up?

 I just got hired by Pilot, I guess. They called and said get your paperwork in and get ready for a drug test. The lady told me that she knew they would call me so pack my bags. I have all paperwork in, but they haven’t called me for a drug test yet. I e-mailed and they said if I was called to

Posted By: newguy3
Posted In: General
Replies: 50

Business Casual

Report of duty or a class- Dress code- Business Casual I have been watching the gathering of adjusters for several years. Seems about 25% know the definition, 20% try hard , 20% make some attempt.and 35%  did not read the instructions or have defiant leanings.

Posted By: Ray Hall
Posted In: General
Replies: 23

Fee Schedules

I think someone should have done this a long time ago.  Let's start a list of fee schedules from different carriers and their preferred IA firms.  Everyone should know what companies pay IA's instead of having to learn the hard way.  Anyone have several 2010 fee schedules to start?&nb

Posted By: descher
Posted In: Community Chat
Replies: 15

I Thought I Had Heard It All

Greetings to everyone from Oaxaca, Mexico, where Jennifer and I are taking a break from our last assignment and staying far away from the demonstrations taking place across town. I guess I'm reviving this thread from a similar thread now located in the archives.  For those of you old enough to

Posted By: Medulus
Posted In: General
Replies: 43