The Weekly: Property insurance attorney offers perspective on Florida’s insurance crisis

[@hawkeye5829]

I am an agent. 33 years now. I have never seen the HO market in its current state. I blame A-holes like this. What he is not telling you is that Florida had more property insurance lawsuits than all other states combined. Just wait until you get your HO renewal bill. The numbers tell the tale. I have clients whose rates have doubled, some tripled this year. All due to attorneys like this who facilitate insurance fraud. Never ever sign an AOB (assignment of benefits contract). If you do you are turning over control of your claim to contractors and attorneys. What could possibly go wrong with that?

[@jmilesfox]

Exactly, they abuse the system then everyone gets upset when everything implodes. I do not feel sorry for what has happened. It takes situations like this for people to fix the system. As a carrier, I would avoid Florida until they get their crap together.

[@ShardsOfNarsil]

I am an agent as well. Licensed in every state except FL, HI and AK. You are correct the lawsuits are a major factor. The point he makes about shrinking profits is true as well however. The companies set these year over year extremely optimistic goals and when they don't meet those, it's freak out time. Texas is going through this same situation.

[@rodneyparker5313]

I knew something was missing just couldn't figure it out. Lawyers, politicians, contractors and insurance companies. What a soup.

[@mr.commonense8177]

Bank robber was asked, "Why do you rob banks?" He replied, "That's where the money is". A lawyer was asked, "why do you sue insurance companies?" He replied, "That's where the money is." Hope this helps.

[@theclaimsquadpublicadjusters]

I bet you didn't know that Defense Attorneys & Insurance Companies control the lawsuit process right? Did you know Defense Attorneys making money DRAGGING cases along? They DO NOT make money by quickly settling the claim...Think about it!!!

[@jmilesfox]

That is a vast over simplification of the process.

[@Djeezey]

@@theclaimsquadpublicadjusters you're making zero sense. The issue is how much money the companies are paying out for litigation comparable to the other 49 states. This would mean they would be busting out the seams with money. I feel bad for whoever hires you as an adjuster. Most of you public adjusters don't know a damn thing about the industry.

[@theclaimsquadpublicadjusters]

@@Djeezey says the guy posting Call of Duty videos lol Stick to video games there buddy.

[@deek64dk]

@@theclaimsquadpublicadjusters 😳 the comment section is sometimes better than the actual video😜

[@christinem258]

I am seeing insurance companies write roof coverage based on actual cash value due to these age issues.

[@BigDaveMeetup]

Blah blah blah. This attorney is part of the problem.

[@mikescalisi7522]

There's right and wrong on both sides but insurance should not be a foolproof business sometimes they have a bad season and have to pee and other times they have a good season and don't have to pay 20 years ago we had for storms major in one season we paid for that in our premiums for the next decade insurance companies have also gotten bailouts so that's right and wrong on both sides

[@janedoe1176]

something should change about the roofing companies connections to the lawyers, because that is most definitely a thing.

[@janedoe1176]

wow that lawyer rambles on and on without saying anything- especially when questioned about the absurd fees the lawyers charge. Everywhere...

[@mikec886]

Florida is the swamp

[@mcdadecasey]

Does Citizens Insurance pay to replace damaged high impact glass windows with impact glass or non impact glass

[@coolguy1952]

That news guy needs some real life experience, because he's coming across as a 🤡

[@zingman71]

is there a website I can go to that shows what law firms make?

[@jameskehn8609]

Ya insurance is gambling. Sometimes you are up sometimes you are down. Unfortunately Insurance companies think they should always make money. That’s not how gambling works. 🤬

[@irwinlitvak4568]

It seems this lawyer knows what he's talking about. John Tolley, keep up the good work man, happy to see a young lawyer on the news!

[@fjdillo545]

Finally, a report from a homeowner's perspective seen thru the perspective of an attorney who fights insurance companies bad faith. Having had a legutimate insurance claim (it was not for a roof) that the insurance company immediately denied I know how insurance companies motto has turned into: homeowners pay more, we pay less!! Attorneys do not take frivilous homeowner claims, they simply can't afford to fight for a claim if it can't be proven as legitimate. For those who slam attorneys that protect homeowners, I hope one day you experience for yourself what it is to have a legitimate claim for damages you suffered, you paid high premium for your home insurance and then your insurance company quickly denies your claim and refuses to pay you anything. You will be singing a totally different tune. The insurance companies invest lots of money to convince people like you that they are the nice guys. Doesn't the fact that one of our top FL senators has an interest in an insurance company tell you the cards are stacked in favor of insurance companies!!??!!

[@neilkurzman4907]

And what happens after the last insurance company in Florida closes? The issue does not exist in the other 49 states.

[@NM-js8ky]

Come on, we have more attorneys than is reasonable, some of just cons (as well as their clients). They are making a living off these lawsuits. Pathetic

[@calvinhenshaw2147]

BS from a lawyer.

[@Djeezey]

crazy thing is, this Attorney (who everyone seems to trust) is factually incorrect. When the CFO of the state is saying that is the issue, that is probably the issue. This is nothing new in Florida, it finally caught up to the consumer. Attorneys need to be held even more accountable. I find allot of what they do, Insurance and roof related is really a breach of public trust. Half the time, the consumer doesn't even know that the "roofer" is really backed by an attorney. It's a sad environment when you have convinced people to call an attorney before you even call your insurance carrier to file a claim. Ignorance runs rampant in this state and the attorneys are taking advantage of it.

[@rrosen7370]

Surly we see that the Florida Governor could care less about this serious issue for residence.

[@bonnyedaise9465]

This has been going on for years before DeSantis

[@williamslade3417]

@@bonnyedaise9465 Dosnt matter He is here now.

[@bonnyedaise9465]

@@williamslade3417 looks like we are stuck.

[@deek64dk]

r rosen 👍🏻💯%!

[@mikescalisi7522]

He's too busy but he has a job he's getting paid for and not doing LOL on the taxpayer's dollar😂 only in De FloriDa😂

[@d.p.9567]

A shingle roof should be made to last one persons lifetime. Roofs that last 3-10yrs is the extreme the planned obsolescence engineering team has bitten too much of spiraling all stakeholders into a war of tit vs tat. If THEY(govt/corp) really wanted to be green then make roofs last a lifetime at a cheap cost. But govt/corp needs the war to hide the stories of the dead bodies.

[@neilkurzman4907]

A shingle roof last 30 years. There is no which thing as a 3 year roof.

[@lesterlammers9463]

Lla yers like this 🤡🌆

[@rrosen7370]

Miami resident here. Great segment.

[@rrosen7370]

Yes! Help!!!

[@williamslade3417]

These insurers should be kicked out of Florida.

[@Djeezey]

They are leaving Florida and now look at where we are. You suggest they all be kicked out? Please try not to be so dense.

[@williamslade3417]

@@Djeezey Please dont comment to me.I dislike you and would never hang out with you.

[@neilkurzman4907]

All the big companies already left. The smaller companies are all going insolvent. Mission Achieved.

[@mikescalisi7522]

They should have to write equal amount of policies car RV boat life renters commercial and homeowners you can't cherry pick

[@mikescalisi7522]

First we need our governor Out because he's in their pocket or vice versa