Business Interruption Insurance
Owning a business has many perks but can also be very unpredictable. A common trait many successful business owners share is the ability to plan for the future. Business interruption insurance is one tool in the tool chest that can help business owners protect themselves from unforeseen circumstances that they could not
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When Can Insurance Companies Require Participation in Mandatory Binding Arbitration?
In Florida, significant changes to insurance regulations have taken effect as of December 2022, with the implementation of Senate Bill 2A. This comprehensive bill addresses several critical areas, including flood coverage disclosure, assignment of benefits, prompt pay laws, and, notably, mandatory binding arbitration limitations for insurance claims. This blog focuses on the provisions related to…
How Mandatory Binding Arbitration Affects Policyholders
In Florida, significant changes to insurance regulations have taken effect as of December 2022, with the implementation of Senate Bill 2A. This comprehensive bill addresses several critical areas, including flood coverage disclosure, assignment of benefits, prompt pay laws, and, notably, mandatory binding arbitration limitations for insurance claims. This blog focuses on the provisions related to…
Policyholders Are No Longer Permitted To Assign Their Insurance Benefits in Florida
Florida’s Senate Bill 2-A, which went into effect on December 16, 2022, has brought significant changes to Florida’s property insurance landscape, particularly in the realm of Assignment of Benefits (AOB). This blog post aims to shed light on the implications of these changes for homeowners in Florida.
What is an Assignment of Benefits?
An “Assignment…
Part II: The Shift in Florida Insurance Litigation with the End of One-Way Attorneys’ Fees
On March 24, 2023, Florida Governor Ron DeSantis signed HB 837 into law. HB 837 is one of the most significant tort reform bills to make its way through the Florida Legislature to date, which caused significant changes to Florida’s bad faith insurance framework and made additional changes to Florida’s one-way attorney fee provisions for…
Part I: The Shift in Florida Insurance Litigation with the End of One-Way Attorneys’ Fees
In December 2022, the Florida Legislature held a crucial special session to stabilize the state’s struggling insurance market. The outcome was Senate Bill 2A, a comprehensive piece of legislation that significantly impacted property insurance lawsuits. Notably, the bill repealed the long-standing one-way attorneys’ fee provision, which had favored policyholders in legal disputes against insurers. Although…
Understanding Florida’s Prompt Pay Laws For Property Insurance Claims
In an effort to protect homeowners and ensure a fair and efficient claims process for property insurance claims, Florida Senate Bill 2A introduced significant amendments to Section 627.70131 of the Florida Statutes. These changes aim to enhance the prompt pay laws for property insurance claims, providing homeowners with greater peace of mind during challenging…
Florida Makes Major Changes to Comparative Negligence Law
On March 24, 2023, Florida Governor Ron DeSantis signed into law one of the most significant tort reform bills in Florida history, HB 837. This new law makes sweeping changes to long-standing Florida civil tort law in numerous areas related to negligence, insurance bad faith and related rules of evidence, among others. This blog…
Florida’s HB 837 brings significant changes to bad faith insurance framework
On March 24, 2023, Florida Governor Ron DeSantis signed HB 837 into law. HB 837 has been a hot topic in the news and legal community because it is one of the most significant tort reform bills to make its way through the Florida legislature to date. Notably, HB 837 modifies the bad faith insurance…
Florida Substantially Shortens the Statute of Limitations for Negligence Claims
On March 24, 2023, Florida Governor Ron DeSantis signed into law one of the most significant tort reform bills in Florida history, HB 837. This new law makes sweeping changes to long-standing Florida civil tort law in numerous areas related to negligence, insurance bad faith and related rules of evidence, among others. This blog…