Florida's insurance marketplace has been plagued by unscrupulous cottage industries whose business model is capitalizing on insurance policies.
Despite legislative reforms passed during the 2021 Legislative Session, Florida’s homeowners have continued to see dramatic property insurance rate increases. At the same time, the insurance industry is losing billions to unnecessary lawsuits from third-party contractors. In the first three quarters of 2021, financial results show that property insurance had $1.22 billion in underwriting losses.1
Florida’s insurance marketplace has been plagued by unscrupulous cottage industries whose business model is capitalizing on consumers’ insurance policies. Bad actors in the construction, roofing, public adjusting, and legal industries have used abusive solicitation and marking tactics to manipulate the claims process for their benefit.
Filed Under: Home Insurance, Newsletter articles Tagged With: bad actor, claim inflation, claims, cost of insurance, false insurance claim, Florida, home insurance, homeowners insurance, Insurance expense, Insurance Rate, Property Insurance, Public adjuster, public adjusting, Rate increase
I am the eldest of 3 sons. As a native South Floridian, having grown up in North Miami Beach and attended Chaminade high school in Hollywood, I am a product of the community as a whole. Being a licensed insurance agent for more than 25 years has allowed me to participate and be a part of our region’s growth and development. Rolfs Insurance Services began functioning as a standalone independent insurance agency In January 2014. Since then, we have grown not only in client base but also in markets and staff. Twenty five years of experience has formed an ideology where a client’s best interest is at the heart. Nurtured with a culture of caring, we believe that our service helps people to be successful in day to day life, as well as in achieving bigger long term goals by providing the strength of knowledge with integrity for protection to provide peace of mind. By giving back in this way, our mission is to help others at their time of need.
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GST taxpayers can't claim any pending input tax credit if this return is not filed by November 30, 2024 for FY 2023-24
