Florida Senate Bill 76 - Property Insurance

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GENERAL BILL by Rules ; Judiciary ; Banking and Insurance ; Boyd ; (CO-INTRODUCERS) Brandes Insurance; Prohibiting certain practices by contractors; prohibiting a contractor from executing a contract with a residential property owner for a roofing repair or replacement unless certain notice is included; requiring property insurers, effective a certain date, to include certain data regarding closed claims in their annual reports to the Office of Insurance Regulation; requiring the Property Insurance Corporation to include the costs of catastrophe reinsurance to its projected 100-year probable maximum loss in its rate calculations even if the corporation does not purchase such reinsurance,...

Citizens: We weren't ready for major impact from Hurricane Matthew

Source: sun-sentinel.com

CADO Admin
An Oct. 5 news release declared: “Citizens is ready for Hurricane Matthew, Are You?”

Months later, Citizens — with 225,000 policyholders in Broward, Palm Beach and Miami-Dade counties — revealed it was not ready to respond to a major storm in South Florida. Companies Citizens had hired to provide independent claims adjusters for post-storm damage assessments supplied far fewer adjusters than Citizens requested.

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Citizens hires company to review water damage repair estimates, negotiate lower invoices

Source: Sun Sentinel

Roy

State-run Citizens Property Insurance Corp. is hiring an outside vendor to scrutinize water-damage repair estimates from contractors, and to directly negotiate lower invoices with those contractors in exchange for a cut of the savings.


The company's board of governors on Tuesday agreed to a five-year, $1.8 million contract with Fort Myers-based Lynx Services LLC, a third-party claims management firm.

The goal, according to a Citizens document, "is to identify inflated or excessive charges on invoices from contractors that have performed water damage restorations for Citizens' policyholders and to contest or adjust invoices so it comports with industry standards."

Citizens Property Insurance

CADO Admin
"Citizens Property Insurance Corporation was created by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt, government entity. Its mission is to provide insurance protection to Florida policyholders who are entitled to but are unable to find property insurance coverage in the private market. Independent Adjusters The Independent adjusting firms listed below supply individual adjusters to Citizens when they are needed. If you are interested in working with Citizens as an independent adjuster, contact any of these firms to see whether they currently are hiring new adjusters." The above is from their site, the  Read More link will take you to the page listing the adjusting firms as stated...

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