The Florida Office of Insurance Regulation has scheduled a hearing to question insurance companies on their usage of credit scores when setting insurance premiums.

Allstate, Geico, Nationwide, Progressive and State Farm Florida have all received subpoenas requesting that a representative attend the hearing.  The representative should be prepared to discuss how their company uses the credit scores, explain their rate setting models, and discuss what measures have been taken to ensure that a certain class of citizen is not being discriminated against (based on either race or income).

It is a public hearing set for Wednesday, February 18th at 9:00 am in the Cabinet Meeting Room in the Capital in Tallahassee.

Tropical Storm Fay is bearing down on the State of Florida.  We can only hope that the insurance companies resolve property damage claims from Hurricane Fay much quicker this time than they did when Hurricane Charley came along the same path 2 years ago.

Once  Fay passes, we certainly anticipate that there will be significantly less damage than after Hurricane Charley came through.  But if the insurance companies remain true to form, regardless of the amount of property damage, they will refuse to pay claims, undervalue the damaged property or deny that the damage was related to the storm.  If they do, you have every right to contact an attorney to get help in having your claim resolved quickly and fairly.  Our attorneys have experience in handling all types of insurance claim disputes, including property damage, and can assist you in getting your claim resolved fairly.