FORT LAUDERDALE, FL – Commissioner Kevin McCarty is being recognized with a Lifetime Achievement Award for his 27 years of public service, by FAIR, the Florida Association for Insurance Reform. Also being honored at the organization’s third annual awards dinner and gala are Joseph Petrelli and Sharon Romano Petrelli, founder and co-founder of the one…
PENSACOLA, FL – September is National Preparedness Month and State Senator Greg Evers invites you to take action and make a plan. Residents and business owners are invited to the join a panel of experts on Tuesday, August 25th at the Jean and Paul Amos Performance Studio Building in the WSRE Studio for this one…
Executive Summary An assignment of benefits (AOB) is a legal instrument, whereby a policyholder can assign their post-claim rights and benefits to a third party. Historically, in the property and casualty insurance industry, an AOB provision typically was utilized by policyholders when they suffered a loss and subsequently wanted to sell their property before a…
FORT LAUDERDALE, FL – Today the Florida Association for Insurance Reform (FAIR) issued a letter to the Speaker of the Florida House of Representatives Steve Crisafulli and the President of the Florida Senate Andy Gardiner; to express the organization’s disapproval of Governor Scott’s veto of HB 1087: Operations of the Citizens Property Insurance Corporation. This…
FORT LAUDERDALE, FL – Older homes with aging roofs or inadequate coverage leave many Florida homeowners exposed. When these events happen, people become trapped without affordable options for replacement or repair. Such was the case of Marie Roseme. “A terrible storm went through the City and I came home to find water all over my…
BRADENTON, Fla. – A bill making its way through the final days of the Florida legislative session would vastly expand the financing power of the Florida Development Finance Corp. House Bill 7067, a major economic development bill, was amended in recent weeks to give FDFC the ability to issue bonds statewide without local government approval.…
TALLAHASSEE — Gov. Rick Scott and Cabinet members voted Tuesday to bolster the state’s catastrophic insurance fund with $2.2 billion of added coverage in advance of what forecasters predict will be another quiet hurricane season in Florida. State financial experts say the cost to a typical policyholder will be “minimal,” or a premium increase of…
On Tuesday, executives from the Florida Hurricane Catastrophe Fund recommended to the state Board of Administration, consisting of Gov. Rick Scott, Chief Financial Officer Jeff Atwater and Attorney General Pam Bondi, that they approve the purchase of billions of dollars of reinsurance from the private market. I believe the proposed risk transfer is a violation…
FORT LAUDERDALE, FL – Frances, Jeanne and Wilma; sounds like it could be a gathering of gal pals for a fun night out on the town. However, these are not your run of the mill ladies; they are the names of destructive back to back hurricanes that hit Florida just over a decade ago. Frances…
FORT LAUDERDALE, FL – Since Kevin McCarty’s appointment as the first non-elected insurance commissioner for the state of Florida, he has been a champion for consumers. Today the Florida Association for Insurance Reform (FAIR) has announced that they will award Commissioner McCarty with a Lifetime Achievement Award for his 27 years of public service. “Kevin…