Business Interruption Insurance Owning a business has many perks but can also be very unpredictable. A common trait many successful business owners share is the ability to plan for the future. Business interruption insurance is one tool in the tool chest that can help business owners protect themselves from unforeseen […]
In Florida, significant changes to insurance regulations have taken effect as of December 2022, with the implementation of Senate Bill 2A. This comprehensive bill addresses several critical areas, including flood coverage disclosure, assignment of benefits, prompt pay laws, and, notably, mandatory binding arbitration limitations for insurance claims. This blog focuses […]
Florida’s Senate Bill 2-A, which went into effect on December 16, 2022, has brought significant changes to Florida’s property insurance landscape, particularly in the realm of Assignment of Benefits (AOB).
Florida’s tort reform, through HB 837 and Senate Bill 2A, is set to streamline attorneys’ fee recovery in property insurance cases, reducing litigation abuse and requiring quick adaptation from legal and insurance sectors.
In December 2022, Florida enacted Senate Bill 2A, abolishing one-way attorneys’ fees for property insurance disputes. This change impacts homeowners by heightening financial risks, raising access to justice concerns, and addressing the state’s insurance crisis.
Florida Senate Bill 2A introduces amendments to enhance prompt pay laws for property insurance claims, emphasizing timely communication, transparency, expedited investigations, and electronic methods. These changes aim to protect homeowners, streamline the claims process, and ensure fair resolutions, ultimately providing greater peace of mind during challenging times.
Learn about the major changes made to Florida tort law with the passing of HB 837, including the shift from pure to modified comparative negligence. This change will have significant implications for damages allocation in all negligence claims.
HB 837, signed into law in March 2023, brings significant changes to Florida’s bad faith insurance framework. Learn about the new safe harbor provisions and duties for insureds and claimants.
Learn how Florida’s tort reform, HB 837, signed into law by Governor DeSantis, has cut the statute of limitations for negligence claims in half. Discover what this means for plaintiffs and defendants in this blog.
If you make an insurance claim for damage to your property, you may be surprised to find both your name and your mortgage company on the insurance check. This is common because the mortgage company has a financial interest in your property—just like you. If you are wondering why your […]