Florida’s home insurance crisis is now at the center of a state investigation. Some home insurance companies are under investigation for allegedly slashing payouts by half or more and leaving homeowners paying the bulk of their repairs.
Insurance industry watchdog American Policyholder Association reports it has seen evidence that insurance adjusters’ claims were altered.
Some companies cut repair estimates by as much as 50% to even 97%.
That means homeowners are stuck paying for the majority of their repairs.
The state Chief Financial Officer Jimmy Patronis and even the governor confirmed criminal investigations are now underway.
Southwest Florida homeowners have been sounding the alarm for months now that their companies were not paying up.
PREVIOUS COVERAGE: UPC Insurance cancels thousands of homeowner’s policies in Lee County
Their rates have skyrocketed and even lawmakers saw their policies dropped.
Doug Quinn with American Policyholder Association said the evidence was so damning that people need to be handcuffed and face criminal charges.
“We have evidence from at least several companies and several other companies that the patterns appear to be similar,” Quinn said.
Governor Ron DeSantis confirmed Friday in Fort Myers that the insurance regulation office was investigating the numerous claims filed.
PREVIOUS STORY: Gov. DeSantis visits Fort Myers as insurance crisis worsens
However, Patronis could not say how many complaints had been received.
“It’s an ongoing investigation…we really don’t have a lot to share immediately of where the number we’ve got. But look, people are frustrated,” Patronis stated.
Anyone who believes they were unfairly paid for claims after Hurricane Ian can report it to the State Attorney General, CFO or the Office of Insurance Regulation here.
The idea that polluters should pay reparations for climate change is gaining steam among advocates. Some environmentalists and academics argue the com
The environment watchdog prosecuted just four water companies for breaching an overflow permit between 2018 and 2022 despite hundreds of thousands of sew
As technology evolves, data security becomes more complex and challenging for companies. SOC 2 compliance is important to demonstrate that your company has the
Artificial intelligence companies are riding a hyper-accelerated growth curv