Archive by Month: October 2022 - Page 2

Contractor Fraud and Abuse Negatively Impacting the Florida Insurance Industry

Posted in Legal Alerts on October 10, 2022

The Florida property insurance market is in dire financial straits, and the situation is getting worse. Insurance companies are struggling to do business in the state, leaving homeowners to pay the price through reduced coverage and higher premiums. Many of the problems the insurance industry faces are the result of unscrupulous contractors who raise the cost of doing business for insurance companies. Many insurers have left the state in the face of insurmountable challenges. While the state has responded by attempting to reform the industry, many of the root causes of the insurance crisis remain unaddressed.

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