Archive for January, 2013|Monthly archive page

Jason Wolf: My Article for The Miami Herald

In Firm News, Florida Property Insurance, News Article, The Miami Herald on January 25, 2013 at 1:32


The concerns of policy owners, public adjusters and insurance companies can create a perfect storm, with significant rise in first party law-suits and public adjusters looking for trouble – and big payouts – where none exists.  I wrote about this in the Miami Herald to bring awareness to the rise in frivolous lawsuits, how this phenomenon began – and who foots the bill.

Click here to read all about it.


A Few Bad Apples Spoil the Bunch for Everyone Else

In Florida Property Insurance, Hurricane season, Sarasota on January 11, 2013 at 1:32

Many lawmakers do want to help property owners when it comes to property insurance.  It isn’t always easy.  In Sarasota some rates have skyrocketed, particularly for condo owners.  The Sararota Herald Tribune reports on one condo where rates have tripled.

In 2012 alone, more than 70 applications were filed by insurers for rate hikes.

There’s plenty of blame to share.  Some say it’s another manifestation of the troubled economy.  Some talk about the weather disasters –although it has been years since Florida was hit by a major hurricane.  Others will say it’s the rise in merit less claims, frivolous lawsuits that these claims spurn, and outright fraud that costs insurers so much – and leaves them no choice but to raise rates.  It’s sometimes not an oversimplification to say that a few bad apples spoil the bunch for everyone else.

Homeowners can’t control the economy, or the weather.  But reducing fraud is in our hands.  Fighting frivolous lawsuits brought as a result of dubious claims is what Koch Parafinczuk & Wolf does best.

Building Codes- Not Just an Element of Paperwork

In Florida Property Insurance, Hurricanes, South Florida on January 4, 2013 at 1:32

Building codes are not just an element of paperwork.  They make a difference in the safety of property – and ultimately in the cost of property insurance.  Floridians have long been aware of maintaining building codes – developers and builders have it as part of their mantra. The wide scale devastation wrought by Hurricane Andrew more than two decades ago yielded improved building codes in South Florida.

After Hurricane Sandy, the northeast is getting more familiar with the concept – and understanding its impact on insurance. Coverage can be strictly flood, or strictly wind, and of course, most wisely both.  And buildings that are kept up to code will be less likely to suffer traumatic damage – and easier to insure.

Older homes and buildings may be a concern, but they can still meet standards.  Insurers are willing to take some risks with coastal property – with the right policy and premium.  Insurance is there for those who need it.