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IN CASE YOU MISSED IT….Palm Beach Post: “Insurance controversy targeted in Palm Beach Co. forum Tuesday”

6/14/2016

“Insurance controversy targeted in Palm Beach Co. forum Tuesday”
Palm Beach Post | Story by Charles Elmore
June 13, 2016
To Read the Full Article Click HERE
 
It’s the topic of the season in the insurance world. It pits insurance companies against contractors, attorneys and other third parties they blame for inflating non-storm claims such as plumbing leaks. Caught in the middle, consumers often find themselves ankle deep in water and up to their necks in unexpected strife.


The Troubled Waters forum is coming to Palm Beach County on Tuesday.

State insurance consumer advocate Sha’Ron James aims to call together the various parties to find answers on an issue that insurers blame for driving up rates in South Florida — even without a hurricane for more than a decade.

 …

It’s a tricky situation for consumers. When a pipe bursts and floods a home, the frazzled homeowner may scramble to find a contractor to clean it up. That contractor may require the homeowner to sign over control of insurance benefits.


But insurers say that’s when a lot of the trouble starts, because contractors can submit what insurance companies consider to be unjustified and abusive bills for clean-up, repair and restoration work that can run into the tens of thousands of dollars. Depending on the contract language, contractors can even threaten to charge the consumer for the balance if the insurer balks, insurers say.

 …

The forum is open to the public from 9 a.m. to 4 p.m. Tuesday at Florida Atlantic University’s Stadium Recruiting Room in Boca Raton.  Or watch it live on your computer at The Florida Channel.

Confirmed presenters are said to include: The Florida Office of Insurance Regulation, the National Insurance Crime Bureau, the American Insurance Association, the Florida Justice Association, the Florida Association of Insurance Reform, as well as the Florida Association of Insurance Agents, Florida Association of Restoration Specialists, and more.

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