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Hurricane Preparedness

Hurricane Preparedness

There are many resources and places to find tips for keeping you, your family and your belongings safe during this Hurricane Season. The Sun-Sentinel newspaper had a good basic list of items to have on hand to be ready for a pending storm. Find the list here- In my research and personal experience I have found a few other items that can make your preparations even easier. For keeping fresh water on hand, it is hard to beat the Water B.O.B....

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State Farm Rate Increase Approved for Florida

State Farm Rate Increase Approved for Florida

Share The largest homeowners property insurance company in Florida, State Farm, was just granted a large increase in premium rates for Homeowners. The 18.8 percent AVERAGE increase looms larger for most of the policyholders, as the HO-3 (Homeowners policy) was actually granted a 27.9 rate increase that will effect over 550,000 policyholders. YIKES!! These rates are effective June 1 for new business and July 15 for any renewals. If...

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Ethics and Insurance

Ethics and Insurance

This past week Tom Hanks and his wife filed suit against their former Insurance agent as reported here on TMZ http://www.tmz.com/2011/03/22/tom-hanks-lawsuit-business-insurance-brokers-homeowners-embezzled-rita-wilson/ Apparently, their long time agent has been accused of over charging them and insuring for the same things multiple times. I suppose this is why the State of Florida requires all Property & Casualty licensed agents to...

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New CFO is getting tough on PIP Fraud

New CFO is getting tough on PIP Fraud

Share This recent press release from Jeff Atwater, the new CFO for the state of Florida, indicates that he is serious about taking action towards curbing Florida’s rising problem of Insurance Fraud. I applaud his efforts and hope that the new legislature can pass into law some of his proposals. Read below for more details. – Putting the brakes on auto insurance fraud By: Jeff Atwater 3/15/2011 Tampa...

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PIP Fraud

PIP Fraud

According to this report from the Sun Sentinel, Florida now leads the nation in fake or staged accidents. Being the best at something is usually something to brag about, but in this case these fraudulent actions are driving up the cost of Automotive insurance for each and every policyholder in this state. I read in another write up that the cost of such claims is adding over $80 to each and every policy sold. State lawmakers are currently...

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Sinkhole Insurance Issues

Sinkhole Insurance Issues

I myself have witnessed my customers have Sinkhole related issues. One such case was in Broward county, an area Not prone to sinkholes. When the Insurance carrier did a basic inspection on the newly insured home, they notice one series of small cracks, following the line of the CBS blocks under a window. Because of their fear of a potential Sinkhole Claim, they would not insure this dwelling until the policy holder signed a waiver....

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