Public adjusters, licensed professionals subject to stringent regulation, stand as one resource for the commercial or personal insured to assure that a carrier pays full indemnity after a loss. That’s why insureds pay premiums. To blame public adjusters for the perceived crisis in property insurance in Florida is completely erroneous.
Independent licensed field adjusters are providing evidence to state regulators of alleged fraud, affecting thousands of homeowners in south and central Florida.
There’s lots of speculation about the future for Fla.’s property insurance market. Six insurers became insolvent this year before Hurricane Ian hit. Florida’s insurance market was in meltdown mode for two years before Hurricane Ian swamped Southwest Florida as a catastrophic Category 4 storm with 155-mph winds and record storm surge. Six insurers have been…