The title of this blog answers the question in a news article, Who protects the proposed property insurance bill? Insurance companies can not vote, but it would be difficult to decide on the basis of this latest policyholder filed in the Florida Senate. Policyholders are voters and they should be made aware that their elected officials are selling them out to the insurance industry lobby. Florida Senate Bill 76 may have been submitted by an elected official, but the official had written it by lobbyists for the insurance industry. model for the insurance industry. That is the effect of this bill. The bill does not state that lawyers cannot charge fees. However, it has a strong assumption that a lodestar multiplier is not necessary. In addition, it has a scale such that law firms are based on the percentage of judgments that are collected in relation to demand. It also changes how roofs are taken out on a compensation cost basis so that most people do not get paid for a full compensation if a disaster occurs that requires a roof replacement.
One of the basic guidelines that we can all agree on is people and companies. should follow and follow rules. If you break a rule, you should be held responsible for it. While the rest of the contract world can be expected to follow these basic requirements and be sued for breach of promise, the insurance industry wants approval. This is unfair and poor public order.
Last year, the insurance industry's propaganda machine began publishing the need to change laws as many insurance companies in Florida broke up. A few years before it was the insurance crisis AOB and the claim that if the AOB reform were to go through, interest rates would go down. The reform bills went through and interest rates did not fall. The insurance industry's propaganda machine creates insurance crisis after insurance crisis to compensate for the anti-policyholder legislation. Consumer Federation of America, the entity that publishes Consumer Reports published a white paper on this tactics of the insurance industry, which I noted last year in ]. Readers of this blog should take a few minutes to read the study that shows the scams from the insurance lobby.
Even the most bulldog-like insurance lobbyists have their own stories of insurance company misconduct, as described by Florida insurance lobbyist Scott Johnson in, The insurance lobbyist describes his personal history of the insurance company bad faith . I commented on why these impartial and true stories about insurance companies' underpayments and delays are important:
Scott Johnson receives the same treatment that many policyholders receive every day from certain insurance companies. Trained adjusters know they have to pay for cosmetic damage and they know the insurance laws for matching. Johnson only revealed the deliberate frauds that many policyholders face every day from the same insurance industry that he gets paid to represent. He was a potential victim who tried to be fooled by an insurance adjuster who knew better. Fortunately, Scott Johnson's perseverance, self-education, and experience helped him overcome this erroneous statement practice that my clients and attorneys from Merlin Law Group face every day.
Johnson should be congratulated for revealing another example of the insurance company's inaccuracies that may appear to legislators. and insurance commissioners.
It will act as usual for the insurance lobby. First create a crisis. Second, blame lawyers or anyone other than insurance companies for slow and underpaid claims problems. Then apply for legislation to get a business model where no one can afford to question the insurance industry's dirty and harmful tactics.
Thought for the day
Fake is as old as the Eden tree.