Month: March 2011

More Evidence that Insurance Lobbyists are Writing Florida’s Insurance Laws | Property Insurance Coverage Law Blog

Last week, in “Insurers Helped Write Bill Intended to Shrink Citizens,” Paige St. John reported that the insurance industry is writing the pro-insurance legislation that some of our elected Legislators are currently advocating.   A controversial bill that would eliminate a state tool designed to keep property insurance rates in check was written for lawmakers …

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Citizens Property Insurance Bill Advances in the Senate | Property Insurance Coverage Law Blog

As you may have heard, Senate Bill 1714 (the CPIC rate increase bill) passed through the Senate Banking and Insurance committee yesterday following the passage of a strike-all amendment filed by the bill’s author, Senator Alan Hays. The newly amended bill forces Citizens to cover sinkholes, but mandates that “the payment must be dedicated entirely …

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Celebrities Have Insurance Problems Too | Property Insurance Coverage Law Blog

Last week, Tom Hanks and his wife, Rita Wilson, filed suit against their long time insurance broker. The complaint, filed in the Superior Court for the County of Los Angeles, contains ten claims, including professional negligence, breach of fiduciary duty, fraud, conversion, and unjust enrichment. Hanks and Wilson recently switched brokers, and the new broker …

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Choose Your Hurricane Protection and Installers Wisely | Property Insurance Coverage Law Blog

The Atlantic hurricane season is fast approaching, and now is a great time to start preparing. One great way to protect your property is with hurricane shutters. Shutters go over windows and other openings in a building to keep out flying debris, protect windows from breaking, and help keep building air pressure stable during a …

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Court Rules in Favor of Policyholders for Suit Brought for Damages Caused by Chinese Drywall | Property Insurance Coverage Law Blog

This is part-one of a two-part series that will discuss the recent ruling in the case of Walker v. Teachers Insurance Company. HarrisMartin is reporting that the first ruling on Chinese Drywall insurance coverage has been made in Florida and the decision is favorable to the insureds. Tampa, Florida, residents, Melissa and William Walker filed …

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Does an Insurance Company Owe Its Own Insured a Lesser Duty of Good Faith in a UIM Claim? | Property Insurance Coverage Law Blog

Bad faith litigation is premised on an insurance company’s obligations to its insureds and/or third party to claimants. The duties that an insurance company has to insureds and claimants can arise from the common law duty of good faith and fair dealing, statutes, administrative policies or regulations and legal precedent. The nature of the relationship …

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