Tag: insurance accountability

Ben Albritton’s Bold Stand Against Hurricane Claim Denials

G. Turner
Hurricane Claim Denials

Can Albritton’s Reforms Save Florida’s Homeowners? In a pivotal moment marked by his first address as president of the Florida Senate, Ben Albritton made it clear that the state’s property insurance companies were under scrutiny. His speech came at a crucial time, following the devastating impacts of Hurricanes Helene and Milton, which left many Floridians reliant on their insurance providers for recovery and rebuilding. Albritton, representing the Republican stronghold in Bartow, emphasized the need for insurance companies to honor their commitments to policyholders who have consistently paid premiums over the…

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Florida lawmakers look to insurer accountability to overcome state crisis

H. Cutner
Insurer accountability - Florida Law

New legislation is intended to acknowledge that insurance companies have not yet faced heavy regulation. As the homeowners’ insurance industry in Florida continues to scramble in crisis mode, lawmakers have introduced a new insurer accountability strategy as a part of a broader effort to control skyrocketing premiums and company insolvencies. The bill would raise fines for insurance companies that have been using bad practices. The insurer accountability bill would put higher fines in place for insurance companies with bad behaviors. The companies will also be required to do more information…

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