Check out some of our posts below to see what is changing in Florida! Your local source for Florida insurance news in Fort Myers, Cape Coral, & Naples.
FORT MYERS, FLA. – There has been a continuous increase in litigation cases against insurance companies and in Assignment of Benefits scams across the Sunshine state. For some, this means unaffordable premiums or removing important coverages. For others, it means attaining coverage from Citizens, the state-run insurance company. In 2020 alone, Citizens, the state’s insurer of last resort, added more than 100,000 policies to its book, resulting in one of the first double digits increases in 10 years for the company.
On April 7, the Florida Senate passed a bill (SB 76) that will remediate some of the problems in the Florida Homeowners market. We at KIG are aware that no piece of legislation is perfect, but we acknowledge the efforts of the Florida Senate for passing a bill that boldly addresses all of the underlying causes of Florida’s insurance crisis. This is a step towards reform. We can not stop here, and the next step is stopping lawyers from profiting off Florida homeowners through frivolous lawsuits and fees.
As of right now, the Homeowners insurance market will continue to decimate, premium costs will continue to rise and insurers will be pushed into insolvency, leaving us back to the horrors of the mid-2000s Florida property market. No one wants this! Limited litigation in our state can help stop these bad actors from costing all of us, and getting involved only takes a few minutes of your time. Click the link to sign up for Floridians for Lawsuit Reform.
We ask you to out to your state legislators today and share your frustration with the challenges in the insurance market this year. Insurance should not be the reason you can not longer afford your home.
You can use this link to find the sign-up link or visit the Florida Take Action website to learn more.
The more we make our voices heard, the more likely we are to get the industry reform that Floridians deserve. We deserve cheap car insurance to combat rising premiums in the florida insurance marketplace, and by combating home insurance fraud, we can start to make a difference.
Tell your family and friends about the cause--if they live in Naples , Cape Coral, Fort myers or anywhere in Florida, this affects their coverages and premiums, too.
Floridians for Lawsuit Reform is taking action to keep our great state free from frivolous lawsuits. We aim to keep Floridians informed regarding the current issues we are facing.