Matt Reed: Lies about Citizens justify policyholder abuse Insurance lobbyists working hard to discourage public’s use of company You’ve probably heard that Citizens Property Insurance Co., with 32,000 policyholders in …
Category: Florida Law Changes
The unintended consequences of Dodd-Frank
This article was published by Gulf Coast Business Review – Friday, May 31, 2013The Author is Kevin F. Jursinski, a Florida Bar board-certified real estate and business litigation attorney in Fort Myers. …
Buyer Beware – Or Why Condominium Insurance Purchase Is Not The Same Any Longer
The recent decision in the 4th District Court of Appeals case “Citizens Property Insurance Corporation vs. River Manor Condominium Association Inc.” sheds new light on F.S. 718.111(11)(f). Condominium association from …
Citizens Property Insurance of Florida Changes for 2013
Commercial property owners will want to make note of many rule, form and lastly rate changes coming in 2013 from Citizens Property Insurance of Florida. This post is from their …
Citizens’ Depopulation Strategy
Under Governor Scott’s tutelage Citizens Insurance starts an aggressive depopulation strategy. The new limitations, rate increases, exclusions and rules, which were issued by Citizens since January 2012 were just the …
2010 Florida Building Code Changes
The Florida Building Commission (FBC) reviewed a total of 827 proposed changes for the development of the 2010 Florida Building Code and approved approximately 55% of the changes submitted for …
Here We Go Again – Citizens Insurance Increases Premiums for A-Rated Risks
Citizens just released their latest insurance increases, which will apply to Condominiums, Homeowner’s associations and apartment buildings. Therefore it becomes more and more important to have accurate insurance appraisals and …
Does your Building comply with the Aldridge-Benge Firefighters Safety Act?
When conducting real estate inspections at condominium associations, homeowner’s associations and commercial buildings for an insurance appraisal, I realize that a lot of these buildings do not comply with the …
Citizens to Increase Commercial and Residential Policies in 2012
After the recent discussions to increase premiums for Florida condominium buildings, which are valued above the dreaded 10-million dollar threshold, and after general premium increases for all insurance carriers, Citizens …
Florida Condo Law Changes 2011
Welcome back Condo and HOA boards! The season starts with some wonderful autumn weather after a very hot summer. To get you prepared for the upcoming season and your board …
Two Florida Journalists reveal the Truth about Citizens and Gov. Scott’s Plans
Matt Reed: Lies about Citizens justify policyholder abuse Insurance lobbyists working hard to discourage public’s use of company You’ve probably heard that Citizens Property Insurance Co., with 32,000 policyholders in …
After having $718 million approved in rate increases Florida insurers found an additional way to squeeze money from policyholders
The recent rate increases approved by the Florida Legislator is not enough for the ever-hungry insurance industry. The latest twist is a reevaluation of the hurricane risk zones in the …
My property loses value, but my insurance rates go up – WHY?
A common mistake among real estate owners is mistaking market value for insurable value. The following definitions should help to clarify the difference between these two values: Market Value: To …
Changes to Florida Statute 718.111 (11) and Addition of FL Statute 627.714
For the convenience of my clients the entire chapter of Florida Statute 718.111(11) is shown here, the most significant changes are in bold: (a) Adequate property insurance, regardless of any …