Letter to the Editor
March 20, 2016
The Florida legislature has failed to pass a meaningful solution to the assignment of benefits crisis that is now spinning out of control. Organized and carried out by a handful of vendors and lawyers, this kickback-driven lawsuit-for-profit scheme is already punishing homeowners with higher rates.
Legislation originally filed by state Sen. Dorothy Hukill and Rep. Matt Caldwell died when Senate Judiciary Committee Chairman Sen. Miguel Diaz de la Portilla would not allow the bill to be heard.
A news release by state-sponsored home insurer Citizens Insurance stated that water losses in South Florida will drive up rates in the region by (the maximum) 10 percent annually for many years to come.
It is important to note, of the more than 85,000 lawyers admitted to The Florida Bar, and the nearly 6,000 trial lawyers, 40 percentof all AOB lawsuits involving restoration vendors in 2015 were filed by just five law firms.
Even without a hurricane making landfall, property insurance rates are set to skyrocket for all Floridians, while a small group of greedy vendors and their lawyers get rich.
William Stander, Florida Property & Casualty Association, email@example.com