In the current legal climate, Florida courts have been reluctant to address the deficiencies of this statute or to comply with common law notice requirements. (Credit: Bits and Splits/AdobeStock)
The Florida insurance market is facing a growing crisis, driven by a combination of judicial reluctance and insurance companies’ tactics that undermine the intent of consumer protection laws. While the state’s regulations allegedly aim to protect policyholders, insurance companies are finding ways to technically comply with the laws, while still navigating around these protections, leaving the insured at a disadvantage.
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