RANKING MEMBER FROST INVESTIGATES GOV. DESANTIS AND FL STATE LEGISLATURE'S FAILURE TO PROTECT FLORIDA HOMEOWNERS AND ADDRESS THE PROPERTY INSURANCE CRISIS
The following information was released by the
This week, Rep.
"Although it is important that Citizens' solvency be maintained, it is also important that Citizens policyholders are able to dispute incorrect or unfair claims decisions,"wrote Ranking Member Frost. "Yet, unlike holders of private insurance policies who can seek to redress such disputes in court in front of juries of their peers, policyholders appealing Citizens' denial of claims are forced to resolve their dispute using arbitration. This is due in part to House Bill 799 that the
Many of these cases that constitute the nearly 100% loss rate for Citizens policyholders are Floridians who have suffered severe storm damage to their homes. To make matters worse, Citizens is allowed to collect attorney fees when they win in arbitration, forcing distressed homeowners to pay Citizens' lawyers thousands of dollars out of pocket in addition to repairing the damage to their homes.
"The 2023 requirement that Citizens policyholders resolve all claims disputes through arbitration harms Citizens policyholders by depriving them of the opportunities that private policyholders have to litigate their claims and appeal if they lose. Such a disparity could have been prevented and should have been discussed in the legislative process,"concluded Ranking Member Frost.
In order to better understand why the
Clickhere to read the letter to Governor


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