A Perfect Storm
A dramatic rise in housing costs caused by mass relocation during the Covid-19 pandemic coupled with a seemingly endless precession of major hurricanes over the last decade have created a perfect storm for Florida’s property insurance market.
Raised Premiums
Faced with increasing property values, inflation, and a series of hurricanes, Florida carriers started raising premiums. Bad actors on both sides of the market added further pressure on an already struggling system.
Insurance Companies Fleeing the State
Since 2017, at least 10 property and casualty insurance companies have left Florida – either going out of business not renewing policies in high-risk areas.
New Florida Legislation
In response to consumer backlash against the higher rates, the Florida Legislature enacted Senate Bill 2D in 2022.
Reduced Policy
Holders' Rights
Unfortunately, the Legislatures actions came at the expense of consumer rights. Most notably, SB 2D eliminated a policy holder’s right to attorney’s fees in a successful lawsuit against an insurance carrier.
Denied, Delayed, and Underpaid Claims
The result has been disastrous for homeowners. Without the threat of prevailing party attorney’s fees, insurance carriers are now incentivized to deny, delay and underpay claims.
Forced Contingency
Fee Based Cases
Plaintiff’s attorneys, no longer entitled to statutory fees, have been forced to take cases on a contingency fee basis meaning that the homeowner must pay a portion of their damages to their attorney.
Skilled Attorneys leaving the Industry
Many of the most skilled first-party property attorneys have left the industry in search of greener pastures. Large property law firms are on the rise.
Settling Cases for Less Than Full Value
These firms stockpile cases, which sit around for years, only to be farmed out to overworked and unskilled attorneys who are incentivized to settle cases for less than their full value.
How we work
We are passionate about innovation and state of the art technologies and methodologies.
Requirements
Organically grow the holistic world view of disruptive innovation frameworks empowerment.
Investment
Leverage agile frameworks to provide a robust going forward synopsis innovation for high level overviews.
Sustainability
At the end of the day, going forward, a new normal evolution digital that has evolved from generation.
Requirements
• A dramatic rise in housing costs caused by mass relocation during the Covid-19 pandemic coupled with a seemingly endless precession of major hurricanes over the last decade have created a perfect storm for Florida’s property insurance market.
Investment
Leverage agile frameworks to provide a robust going forward synopsis innovation for high level overviews.
Sustainability
At the end of the day, going forward, a new normal evolution digital that has evolved from generation.
14M
Maximum gain profit under controlled management
Bring to the table win-win survival strategies to ensure generated content proactive domination.
120%
Increase in turnover every six months organically
At the end of the day, going forward, a new normal that has evolved from generation.
1150K
Our valuable rate for your financial conversion
User generated content in real-time will have multiple touch points for offshoring next years.