FAIR-Upcoming Events

FAIR 10th Anniversary Virtual Awards Gala

The Federal Association for Insurance Reform (FAIR) invites you to join us at the FAIR Tenth Anniversary Virtual Awards Gala. The event will take place on Thursday, February 25, 2020 at 6:00 PM and will be hosted on Zoom.  Join us as we celebrate the 10th anniversary of the Federal Association for Insurance Reform! FAIR…

Hope Zelinger of Bressler Amery & Ross to Serve as Chair of Property Committee for the FAIR Board of Directors

The Federal Association for Insurance Reform (FAIR), is pleased to announce the appointment of Hope Zelinger, Managing Principal of Bressler, Amery, & Ross- Miami (Bressler), as the new Chair of the Property Committee for the FAIR Board of Directors.  “I am thrilled about the opportunity to dive into the issues currently plaguing the insurance industry. We are in…

More Than a Dozen Florida Insurers Facing Ratings Downgrades

News provided by: Insurance Journal The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that several carriers will receive downgrades due to deteriorating conditions in the state’s property insurance market, and more than a dozen more could be downgraded in the next few months. In…

Improving the Transparency of Florida Hurricane Catastrophe Fund’s (FHCF) Ratemaking

The Florida Hurricane Catastrophe Fund’s Ratemaking Formula Report is an “Actuarial Communication” as governed by actuary profession’s U.S. Standards of Practice, specifically #41.  Therefore, it must adhere to the following standard (from section 3.2 of #41) unless the actuary discloses a deviation from standards and explains why: “In the actuarial report, the actuary should state the actuarial…

Florida Homeowners Insurance Market Update

FAIR is deeply concerned about the recently reported operating results of Florida-based insurance companies. We have also heard from a number of affected policyholders of insurance companies that have failed, i.e., Florida Specialty, Windhaven. Fourth quarter 2019 financial data will result in additional operating losses beyond the dollar amounts already reported. Moreover, Floridians will face…

Congress Extends NFIP through September 2020

On Friday, December 20th, President Donald Trump signed a bill extending the National Flood Insurance Program (NFIP) through September 30th, 2020. The NFIP authorization was set to expire at midnight on Friday. While FAIR applauds the one year extension, we will continue to advocate for a longer-term extension that includes needed structural reforms to the…

FAIR Announces Election of Jay Neal to Executive Chairman of the Board and Former Administrator of the NFIP, Jeffrey Bragg, as Vice-Chairman ~ Paul Handerhan Appointed as President

FORT LAUDERDALE, FLORIDA, November 4, 2019 –  The Federal Association for Insurance Reform, a non-partisan insurance consumer advocacy group, today announced the election of Jay Neal as the Executive Chairman of the Board of Directors and Jeffrey Bragg, former Executive Director of the Terrorism Risk Insurance Program and NFIP Administrator, as the Board’s Vice-Chairman. The…