Ensure Recruitment’s Post

Here is a direct result of the impacts of ever increasing intensity and frequency of Wildfires!! The unintended and intended consequences and the cumulative effects from 10+ years of perhaps unprecedented Wildfires that have switched from Mega Fires to Giga Fires!! This is just the tip of the Fireberg!!!!!!

#floridainsurance #insurancerates #2024Floridalegislativesession All of the things that were introduced to help consumers, did not pass and yet the insurance industry scored as now surplus lines carriers can take Citizens policies The insurance industry continues to be in the drivers seat.

Companies and individuals often depend upon insurance to help them prepare for emergencies and contingencies. Unfortunately insurance rates, premiums, deduductibles, and coverage can sometimes be inhibitive. Should government regulations be altered in your area to be more supportive of consumers? Insurance companies also must weigh in on decisions of whether to insure certain factors. They may influence behaviors which are more likely to create insurance problems such as driving under the influence, buying properties in locations prone to disasters, and storing unsafe materials near flammable items. #insurance #insurability #regulation #emergencies #governance https://lnkd.in/eHNe_Pwc

Are some places going to be uninsurable soon? What are the 5 most common insurance mistakes? Do you need #cyberinsurance? We tackle these questions and more in Issue #84 of #TheBackbone 👇 https://bit.ly/4dLmSx8

See this Total Landlord Insurance guide to smoke and carbon monoxide rules for #rentalproperties. #landlords #lettingagents #propertymanagers #propertymanagement https://lnkd.in/e8dF7SbK

Government Cracks Down on Motor Insurance Following Election Pledge The UK government is intensifying efforts to regulate motor insurance in response to promises made during the recent election. With a focus on reducing costs and tackling fraud, the government aims to address rising premiums and enhance consumer protections. This move signals a stronger regulatory approach to ensure fairness and transparency in the motor insurance industry. #MotorInsurance #InsuranceRegulation #GovernmentPolicy #InsuranceFraud #ElectionPledge https://lnkd.in/e4c4AYwY

My gut tells me that, down the road, insurance companies will be allowed to cherry pick properties in non-wildfire areas and that you and I, collectively known as the taxpayer, will underwrite the risks on all the other homes. #homeinsurance #propertyinsurance

Under the legislation, only second homes would be eligible to go to unregulated insurers. There were about 77,000 such policies on second homes with Citizens as of last month, according to the corporation: #insurance #homeownership

A potential downside for Citizens customers, however, is that they can see rate increases if their policies are assumed by private insurers. Trying to spur depopulation, lawmakers in 2022 approved a change that required Citizens customers to accept offers of coverage from private insurers if the offers are within 20% of the cost of Citizens premiums. Count me among the customers that were depopulated from Citizens and my new premium in now 20% higher. #citizens #propertyinsurance #insurance #florida #keyes #williamhoptonrealtor

South Florida certainly isn’t the only market to experience sharp rises in insurance rates for HOA‘s. Don’t be caught unprepared… Here are some tips to make sure your Community is ready: https://lnkd.in/dav5it8R #HOAinsurance #MiamiHOA #BrowardHOA #PalmBeachHOA