Well, the insurance companies did not get everything they wanted out of the new law and Bill 408 so they are working new angles. Citizens unanimously received approval to raise sinkhole coverage rates by as much as 2,000% in certain parts of Florida. Reports indicate that rates will increase by an average of 430% across [...]
Jul
29
2011
29
2011
Jul
24
2011
24
2011
There’s a sinkhole under my bed?
Kind of hard to laugh at these stories but this one is almost too much to believe. Inocenta Hernandez in Guatemala City was in her home when a sudden loud noise caused her to flee the home in a panic. She thought the explosion was outside but soon realized that it came from inside her [...]
Jun
30
2011
30
2011
Tarpon Springs sinkhole continues to cause problems
A large sinkhole opened up in Tarpon Springs off Disston Avenue on June 16th and seems to keep causing problems. The sinkhole first appeared at the residence of Nathaniel and Virginia Crawford. The Crawfords had lived in their home for over 50 years when they noticed cracks in the walls. The cracks were being investigated [...]
Jun
27
2011
27
2011
Sinkhole swallows beauty supply shop in Leesburg
A sinkhole developed overnight on June 27th and ended up swallowing part of a building that houses a convenience store and beauty supply business. The sinkhole is near Crosby Street and East Street in Leesburg. A public outreach coordinator stated that “It looks like a big dog came and bit off the southwest corner of [...]
Jun
10
2011
10
2011
Argus Fire and Casualty ordered to cease operations
Argus Fire and Casualty which is based out of Miami was ordered to cease operations by the State this week. The 9,000 Argus insureds will have 45 days to find new insurance. The Florida Office of Insurance Regulation placed Argus on administrative supervision and shut it down as the company only had a surplus on [...]
May
16
2011
16
2011
The war over Bill 408 nears the final battle
House Bill 408 is still sitting somewhere on a corner of Rick Scott’s desk waiting to be approved or vetoed. The heated debate between Senator Richter and Senator Fasano still seems to be raging on even though the arguments in the house and senate have gone quiet. Senator Fasano has sent a message out to [...]
May
10
2011
10
2011
Bill 408 is riddled with deadlines that can be deadly to unknowing homeowners
Bill 408 has added a ton of deadlines that Florida homeowners need to be aware of. Keep in mind that the deadlines are meant to do two things 1) scare homeowners out of filing claims and 2) scare homeowners away from challenging claims. The first deadline homeowners need to be aware of is found in [...]
May
8
2011
8
2011
Bill 408 narrowly passes and moves on to Rick Scott
Well, Senator Fasano was nearly a champion for Florida homeowners but at the last minute and literally by just one vote, Bill 408 has passed through the legislature and will now head to Rick Scott who will either veto or place the new law into effect. We have no reason to believe that Rick Scott [...]
Apr
13
2011
13
2011
Sinkhole swallows worker killing him
Rarely do we see such dramatic stories relating to sinkholes but we have to report that a Florida man was killed on April 11th when a sinkhole opened up beneath him while he was working laying pipe. John Smith, age 52, was digging a well when the sinkhole reported to be 35 feet deep opened [...]
Mar
21
2011
21
2011
Sinkholes, sinkholes everywhere
We have stressed on several occasions that Floridians shouldn’t feel sorry for themselves because they have sinkhole issues. There are so many other states with similar issues and less help, experience and education to support them. Granted Florida does probably have the greatest potential for sinkhole activity due to our geology but other areas of [...]
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