Florida home insurance companies are getting beat up.
From June 19
The scam works like this: Contractors knock on doors offering to inspect homeowners’ roofs for storm damage. They say they can help get a roof replacement covered by insurance, and they persuade the homeowners to sign away their rights to file the claims themselves. The contractors then file fraudulent damage claims, and when the insurance companies balk, the contractors sue. The insurance companies usually settle the disputed claims for many times more than the original claim. Most of that money goes to the contractors’ lawyers in the form of a “contingency fee multiplier.” Some lawyers file hundreds of such lawsuits a year.
Yesterday
https://archive.ph/0usjk | https://www.miamiherald.com/news/business/real-estate-news/article266366506.html
I have a friend on the Panhandle that is still waiting on a $60K from Hurricane Sally in 2020. Seems like his issue may be partially on the lawyer, but you’d think they would be incentivized to settle quick.