FORT LAUDERDALE, FL. March 29, 2016. Gov. Rick Scott’s nominee for Florida insurance commissioner faced multiple questions Tuesday about a Palm Beach Post story on a lawsuit claiming he misled investors in a flood insurance venture, and Cabinet officials put off a decision until April. Asked if he wished to respond to “media reports,” Jeffrey…
Fort Lauderdale, FL. March 24th, 2016: Increasingly more homeowners and business owners throughout Florida are finding new ways to mitigate risks from severe storms and flooding. Others are considering energy improvements with efficiency projects and clean energy through creative financing options that this PACE (Property Assessed Clean Energy) program offers. Property owners interested in making…
Fort Lauderdale, FL – On behalf of property insurance consumers in Florida, the Florida Association for Insurance Reform (FAIR) has written to the US Securities and Exchange Commission regarding an incident that threatens the market and needs to be addressed. FAIR is demanding an investigation into Anthony Bozza’s “short pitch” on Universal Insurance Holdings, Inc.…
FORT LAUDERDALE, FL. December 18, 2015 – The Florida Association of Insurance Reform joins the Florida Justice Association, a lobbying arm for trial lawyers, and the Florida Association of Public Insurance Adjusters in opposing Citizens’ changes. Policy changes approved by state-run Citizens Property Insurance Corp. last week would unfairly reduce coverage to repair homes damaged…
FORT LAUDERDALE, FL – There is a dangerous trend in the property insurance market affecting commercial residential condos. Condo associations are increasingly becoming insured by unregulated or “surplus lines” companies. By doing so, they risk forfeiting a host of consumer protections against excessive rate hikes, reduced coverage levels, and good faith claims handling. They are…
FORT LAUDERDALE, FL – Commissioner Kevin McCarty was honored with standing ovations from more than 170 corporate executives representing diverse industry sectors, as he received a Lifetime Achievement Award from FAIR, Florida Association for Insurance Reform. The presentation took place at FAIR’s third annual Awards Dinner and Gala on Thursday September 17 at the Kovens…
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…