The 2024 Presidential Race Thread

newolddude

Well-Known Member
Hurricanes, dumbbell

So you didn't read anything?

Last year was a bad year. Hurricane Ian last fall caused $114 billion in inflation adjusted damage, according to NOAA, making it the most expensive storm to ever hit the state, and the third most expensive in US history after 2005’s Katrina and 2017’s Harvey.

But for the most part Florida has gotten off fairly easy in recent years, with no hurricanes making landfall in the state from 2019 through 2021.

Much of the damage caused by hurricanes comes in the form of flood damage, which is covered not by private insurers but by the National Flood Insurance Program, a federal agency.

Florida accounts for only 9 percent of the country’s home insurance claims but 79 percent of its home insurance lawsuits, many of them fraudulent.

  1. First, roofers canvas neighborhoods and offer inspections to unsuspecting homeowners. These contractors inevitably “find damage” on the roof and often promise a “free roof” to the homeowner, claiming they can have the home insurance deductible waived.
  2. Homeowners are pressured to sign an assignment of benefits form, giving contractors the right to file an insurance claim on their behalf.
  3. A claims adjuster from the insurance company inspects the alleged damage. The adjuster either finds no damage or far more minimal damage than the contractor found, and the claim payout is less than what the contractor demanded.
  4. The contractor brings legal action against the insurance company, demanding a claim payout for the contractor’s original quote. Remember, the homeowner signed the benefits of the policy to the contractor, so the contractor doesn’t need the homeowner’s permission to do this.
  5. The insurance company now has a choice: it can pay the legal costs to fight the lawsuit or pay the costs to settle out of court. Either way, the insurance company loses money due to the legal action.
 

vantexan

Well-Known Member
Multiple bills to try and fix the lawsuits and other legal issues costing insurance companies and customers so much all pretty much died in committee while a few "sit on table" and will be rolled over to the next session.

Well my goodness man, if you cut out the fraudulent lawsuits then Dem lawyers, a major contributing constituency, will have to go into politics to get their cut.
 

DriveInDriveOut

Inordinately Right
And trial lawyers are always such liberals.



 
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