Changing The Face Of Florida Insurance Law

Residential and commercial policyholders who have been victimized by their insurers’ bad faith know they have a friend and advocate in Mintz Truppman, P.A.

For decades, our experienced attorneys have obtained settlements and won claims against unscrupulous insurance companies and insurance company contractors who have delayed and denied their customers’ pleas for help. Our consistently successful performance in these cases has led to meaningful state legislation and has made us the firm that changed the face of Florida insurance law.

Our Miami lawyers place special focus on claims in these primary practice areas:

• Bad faith insurance
• Business and business interruption
• Fire damage
• Homeowners and condominium claims
• Personal property and personal injury/wrongful death
• Plumbing and pipe breaks
• Water damage and mold
• Windstorm and hurricane damage to homes and businesses
• Theft and vandalism
• Construction defects
• Delays and denials

Regardless of your insurance issue, our team is more than equipped to handle it for you.

Understanding Insurer Accountability – CS/SB 7052 In Florida

At Mintz Truppman, P.A., we are committed to ensuring that insurance companies are held accountable for their actions. The recently enacted CS/SB 7052, also known as the Insurer Accountability Act, represents a significant step forward in protecting policyholders in Florida. This new law introduces a range of measures designed to prevent unfair practices and ensure that insurers fulfill their obligations to policyholders. Key provisions of the Insurer Accountability Act include:

• Preventing unfair cancellations: Insurers cannot cancel property insurance policies during pending claims until the property is repaired or one year after the final claim payment.
• Coverage for insolvent insurers: Citizens Property Insurance Corporation will cover properties with open claims from insolvent insurers.
• Deductible guidelines: If a roof deductible is applied, no other deductible can be imposed for losses caused by the same peril.
• Extended filing periods: The filing period for property insurance claims is extended for deployed servicemembers.
• Improved claims handling: Insurers must follow proper claims handling practices with enhanced penalties for noncompliance.
• Regulatory oversight: The Office of Insurance Regulation (OIR) will prioritize risk-based examinations and post-hurricane market conduct examinations.
• Increased fines: The law significantly increases fines for insurers violating regulations, especially during states of emergency.

These provisions ensure that policyholders receive fair treatment and that insurers are held to the highest standards of accountability. At Mintz Truppman, P.A., we are here to help you navigate these changes and ensure you receive the coverage you deserve.

What Does The Insurer Accountability Act Mean For Me?

For policyholders in Florida, the Insurer Accountability Act brings a new level of protection and peace of mind. At Mintz Truppman, P.A., we believe that you deserve to get what you pay for, and this new law helps ensure that insurance companies are held to their promises. Here’s what it means for you:

• Fair treatment: Stricter regulations and penalties make it less likely for insurers to engage in bad faith practices.
• Stability during claims: Prohibition on policy cancellations during pending claims ensures continuous coverage.
• Financial relief: Clear guidelines prevent multiple deductibles for the same peril, reducing out-of-pocket expenses.
• Support for servicemembers: Extended claim filing periods for deployed policyholders ensure fair treatment.
• Improved claims handling: Enhanced practices and oversight mean more efficient and fair claim processing.
• Accountability: Increased fines and scrutiny ensure insurers adhere to high standards, protecting your rights.

At Mintz Truppman, P.A., we are here to help you navigate these changes and ensure that you receive the coverage and compensation you deserve. Our team is dedicated to standing by your side, fighting for your rights and holding insurance companies accountable.

Mintz Truppman, P.A. – Successfully Representing Florida’s Insureds For 50 Years

If you are an individual, family, business owner or member of a homeowners or condominium association who has sustained substantial damage in an accident or from an “act of God” and you have not been dealt with fairly by an insurance company, we want to hear from you. Even if your claim may be difficult to prove, we can discuss your specific situation in an informative, confidential initial consultation.

We urge you to reach out for a free consultation at 305-893-5506, or send an email message. We promise to respond promptly.