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Louisiana losing Insurance Carrier vs Florida
Posted on 12/9/22 at 4:20 pm
Posted on 12/9/22 at 4:20 pm
UPC officially announced not renewing in policies in 2023 and leaving the state.
Meanwhile in Florida special session announced to improve insurance environment in Florida: https://www.mynews13.com/fl/orlando/news/2022/12/06/florida-legislators-to-hold-special-session-on-property-insurance-next-week
Our Insurance Commissioner fiddles while insurance burns to the ground in La.
Meanwhile in Florida special session announced to improve insurance environment in Florida: https://www.mynews13.com/fl/orlando/news/2022/12/06/florida-legislators-to-hold-special-session-on-property-insurance-next-week
quote:
the goals, among others, are to produce legislation that would:
“
-Reduce the cost of litigation regarding property insurance claims.
-Foster the availability of reinsurance for property insurance.
-Improve claims handling practices in property insurance.
-Modify deadlines for notices of property insurance losses and limit the assignment of benefits under property insurance policies.
-Prescribe property insurance requirements regarding alternate dispute processes, coverage options and agent practices.”
Our Insurance Commissioner fiddles while insurance burns to the ground in La.
11
Posted on 12/9/22 at 4:22 pm to Zephyrius
florida already had a special session this year to address insane homeowner's insurance rates, and the legislature accomplished next to nothing. so be patient before turning this into a god-emperor desantis circle jerk.
eta: "reduce cost of litigation" = we're going to make it harder to sue your insurer when they frick you in the mouth.
eta: "reduce cost of litigation" = we're going to make it harder to sue your insurer when they frick you in the mouth.
This post was edited on 12/9/22 at 4:24 pm
Posted on 12/9/22 at 4:24 pm to Zephyrius
quote:
-Reduce the cost of litigation regarding property insurance claims.
That's pretty vague.
Posted on 12/9/22 at 4:27 pm to Zephyrius
quote:
UPC officially announced not renewing in policies in 2023 and leaving the state.
They're not renewing policies in Germany either
LINK
ETA: they're non-renewing all their policies in LA, TX and FL. Its not just an LA thing. Half the companies in LA that ended up insolvent after Ida also wrote in Florida and/or were HQ'd there
This post was edited on 12/9/22 at 4:35 pm
Posted on 12/9/22 at 4:27 pm to Zephyrius
quote:
Reduce the cost of litigation regarding property insurance claims.
i.e. reduce the amount insurers will have to pay and limit rights of insureds.
Posted on 12/9/22 at 5:00 pm to Zephyrius
I just won a case against State Farm on a roof storm damage claim. It took me 18 months to get my claim paid. It sucked. I hate SF with a burning passion.
In Florida, the insurance company denies everything and forces the customer to lawyer up. It sucks.
In Florida, the insurance company denies everything and forces the customer to lawyer up. It sucks.
Posted on 12/9/22 at 5:05 pm to Zephyrius
I have UPC so I’ll have to shop around now.
Posted on 12/9/22 at 5:42 pm to Zephyrius
Just because the Florida Legislature says it has the goals, it doesn’t mean they will pass. So should Donelon somehow call a special session(can’t happen) while Bell fiddles? I figured since you are running for Commissioner, you would understand how government works, Tim
Posted on 12/9/22 at 6:06 pm to Zephyrius
Juts dint see any way to ease the rates without opening up the federal checkbook as insurance for the insurance companies. using fema..
Posted on 12/9/22 at 6:46 pm to Zephyrius
quote:
Meanwhile in Florida special session announced to improve insurance environment in Florida:
Oh wow so jealous
ETA: UPC has been dead in the water for a year now. This ain’t anything new
This post was edited on 12/9/22 at 6:48 pm
Posted on 12/9/22 at 8:52 pm to Zephyrius
La deserve everything it gets by fostering such a terrible bad faith venue for insurers. All of your horrendous verdicts will cost you in the end. Remember this when youre on a jury.
Posted on 12/9/22 at 9:05 pm to Zephyrius
We currently have UPC and our policy expires in February. Any suggestions on a replacement company? Located outside of Baton Rouge.
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