Florida AG targets insurance policy rules banning public adjusters

Florida Attorney General James Uthmeier has opened an investigation into Velocity Risk Underwriters, LLC, over alleged policy rules that prevent homeowners from hiring public adjusters.Florida insurance policy probeState officials issued a subpoena to Velocity Risk Underwriters, LLC, seeking documents related to potential illegal agreements that stop homeowners from using licensed public adjusters. Homeowners who hire a public adjuster can receive up to 30 percent more money on their insurance claims. The inquiry focuses on "anti-public adjuster" clauses that allow insurance companies to reject entire claims if an adjuster is hired.Velocity insurance records demandedOfficials have not yet confirmed whether additional insurance companies are facing formal subpoenas. State investigators have not revealed the total amount of money homeowners may have lost under these specific policy clauses.Policy rules restrict claimsCertain properties, such as beachfront homes or houses with older roofs