Florida Limits Public Adjusters’ Fees

The Florida Senate passed a bill to limit the contingency fees charged by public adjusters and prohibit intrusive solicitation practices.

The law also requires a person to work as an apprentice under the supervision of a licensed public adjuster for one year before being licensed as a public adjuster.

The bill was originally sponsored by State Sen. Mike Fasano, R-New Port Richey, and State Rep. Julio Robaina, R-Miami.

The reforms arose out of a task force on Citizens Property Insurance claims handling, managed by the state insurance advocate and chaired by Fasano.

Florida Chief Financial Officer Alex Sink, whose office regulates adjusters, and interim Insurance Consumer Advocate Terry Butler applauded the measure. “These reforms will better protect Floridians who have suffered losses after a hurricane and are trying to rebuild and restore their lives and homes,” said Sink.

Topics Florida