Our Hurricane Blog | Colling Gilbert Wright & Carter

Hurricane damage and insurance laws are constantly being amended and revised. We stay current on these changes - it is our job, after all. Our blog page allows us to keep you updated on these changes, focusing on how these changes affect you, the insured.

Friday, May 22, 2009

New Florida Law Abrogates Florida Policyholders Rights Against Surplus Lines Insurers

Many Floridians do not realize that there are two classes of insurance companies, admitted insurers, which are licensed and strictly regulated, and surplus lines insurers, which are not as tightly regulated, but are major providers of insurance to Floridians.

Florida House Bill 853 was passed earlier this month in the 2009 Legislative Session and will likely be signed into law very soon by Governor Crist.  The law exempts surplus lines insurers from all of the consumer and policyholder protections afforded to Floridians under Florida Statutes Chapter 627.

This bill eliminates protections against surplus lines insurers granted under the law that Floridians currently have against admitted, or licensed, insurers.  Not only does this dangerous law eliminate these protections for claims not in litigation against the insurer by May 15, 2009, the law retroactively applies to all claims brought since 1988.

If you currently have a claim dispute against a surplus lines insurer, contact an experienced property damage attorney today to learn your rights and get an explanation as to how this new law affects your claim.

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posted by Michael Cerasa at 2:02 PM

If you have further questions about hurricane damage law, please contact attorney Michael D. Cerasa today to arrange a consultation. Se habla español.

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