March 11, 2024
AgencyFAQs: Why Is My Insurance Getting More Expensive? I Haven’t Made a Claim!
We get this question every week from clients who are surprised and frustrated when they receive their renewal offer from their home or auto insurance company. We’ve previously discussed why Florida home and auto insurance rates are so high (see here and here), but let’s review the situation again. The short answer to the […]
March 13, 2023
AgencyWhat Is Social Inflation, and How Does It Affect You?
As if the Florida insurance markets don’t have enough challenges, there’s a relatively new concept causing concern here as well in the rest of the country: social inflation. In fact, some insurance industry experts list it as one of their main concerns in 2023. What is social inflation? Social inflation describes the impact on the […]
May 9, 2022
AgencyAOB Abuse and Fraud Help to Drive the High Cost of Insurance
If you’ve purchased or renewed homeowners insurance lately, you know that premiums are skyrocketing. While there are several factors driving Florida’s insurance crisis, our high insurance prices are, in part, due to fraud and assignment of benefits abuse. Let’s take a closer look at what’s happening. What is Assignment of Benefits (AOB)? Assignment of benefits […]