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When Can Insurance Companies Require Participation in Mandatory Binding Arbitration?

November 2, 2023 Insurance Industry Legal Blog

In Florida, significant changes to insurance regulations have taken effect as of December 2022, with the implementation of Senate Bill 2A. This comprehensive bill addresses several critical areas, including flood coverage disclosure, assignment of benefits, prompt pay laws, and, notably, mandatory binding arbitration limitations for insurance claims. This blog focuses […]

Understanding Florida’s Prompt Pay Laws For Property Insurance Claims

June 27, 2023 Insurance Industry Legal Blog

Florida Senate Bill 2A introduces amendments to enhance prompt pay laws for property insurance claims, emphasizing timely communication, transparency, expedited investigations, and electronic methods. These changes aim to protect homeowners, streamline the claims process, and ensure fair resolutions, ultimately providing greater peace of mind during challenging times.

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