This is nothing more than an effort to allow insurers to deny claims. It will never pass. Capping legal fees gives insurers a pass for wrongly denying claims and gives an unfair competitive advantage to insurers to that deny claims as a business practice. How can a good insurer, like Ocean Harbor, compete with insurers that deny everything. Those companies can sell policies for less. How can we justify making doctors go to EUOs? Arbitration has already been deemed unconstitutional. Multipliers are very rare. There needs to be stiff penalties for insurers that wrongly deny claims. That would stop the lawsuits. The public knows crying fraud, which is 1/3 of 1% of all accidents is a pretext. Why are there no organizations shinning a light on this scam by the insurance industry????
Richard, are you for real or are you just a law industry publicist trying to put a good spin on this story?
Unsrcupulous lawyers and chiropractors are driving up the costs of insurance for all Floridians. The legislature knows something needs to be done about it, and they finally have the balls to do it.
You are correct Richard, if insurers paid out every claim there would be no lawsuits. Have an accident? Grab your neck. Policy limits baby!! It would also help us as agents because all insureds would carry $250k/$500k coverage. Hell, even folks with no assets would be buying umbrella policies. This could be a gold mine for insurance agents and we those scumbag lawyers would be out of work!
Yeah, if you want your claim handled by a lizard 500 miles away on a 1-800-EAT-SH*T phone number who does not have an agents license, Go ahead. I will stick with my local “Professional Insurance Agent”.
This is nothing more than an effort to allow insurers to deny claims. It will never pass. Capping legal fees gives insurers a pass for wrongly denying claims and gives an unfair competitive advantage to insurers to that deny claims as a business practice. How can a good insurer, like Ocean Harbor, compete with insurers that deny everything. Those companies can sell policies for less. How can we justify making doctors go to EUOs? Arbitration has already been deemed unconstitutional. Multipliers are very rare. There needs to be stiff penalties for insurers that wrongly deny claims. That would stop the lawsuits. The public knows crying fraud, which is 1/3 of 1% of all accidents is a pretext. Why are there no organizations shinning a light on this scam by the insurance industry????
Richard, are you for real or are you just a law industry publicist trying to put a good spin on this story?
Unsrcupulous lawyers and chiropractors are driving up the costs of insurance for all Floridians. The legislature knows something needs to be done about it, and they finally have the balls to do it.
Ocean Harbor – is that your condo or something?
You are correct Richard, if insurers paid out every claim there would be no lawsuits. Have an accident? Grab your neck. Policy limits baby!! It would also help us as agents because all insureds would carry $250k/$500k coverage. Hell, even folks with no assets would be buying umbrella policies. This could be a gold mine for insurance agents and we those scumbag lawyers would be out of work!
Switch to Geico, they are giving away their rates in South Florida. They must also own the clinics and drive the other companies out.
Yeah, if you want your claim handled by a lizard 500 miles away on a 1-800-EAT-SH*T phone number who does not have an agents license, Go ahead. I will stick with my local “Professional Insurance Agent”.