FEMA Unveils New Flood Insurance Calculation

News Provided By: The Hill Article Author: Rachel Frazin Date: April 1, 2021 The Federal Emergency Management Agency (FEMA) on Thursday unveiled changes to the National Flood Insurance Program that it says will be aimed at being more equitable. A fact sheet from the agency said that it will be able to do this by…

Florida Property Insurance Industry in Tenuous Financial State, Despite AOB Reform

News Provided by: Florida Record Article by: Michael Carroll February 26, 2021 Restrictions on assignment-of-benefits (AOB) property insurance claims signed into law in 2019 have failed to control lawsuits blamed for pushing up insurance premium costs in Florida, according to a nonprofit insurance consumers group. The AOB reforms contained in House Bill 7065 attempted to…

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…