With hurricane season on the way, exactly when the end is coming for Florida’s current insurance commissioner has become a storm of its own. Amid a tense feud over naming his successor, Florida insurance commissioner Kevin McCarty said Thursday he intends to show up for work May 3, though Gov. Rick Scott’s office has taken…
Although the role of catastrophe reinsurance in a wind exposed region is intuitively obvious to an insurance professional and most insurer rating agencies, the need for transparency, education and open dialogue on this important topic is necessary. Consumers, members of the media, policy makers and other interested parties need to be reminded that the dollar…
FAIR’s inaugural industry conference discussed the role that catastrophe reinsurance plays in markets heavily exposed to hurricane risk. A series of interactive discussion panels debated public policy options to create additional market stability and mitigate against future rate increases. Reinsurance companies, rating agencies, property and casualty insurance groups, legislators, regulators, market analysts and other…
“The Role of Catastrophe Reinsurance in a Wind Exposed Region” to be held April 28 in Tampa Fort Lauderdale, FL – Top executives from Florida’ insurance industry will share their insights with leaders from reinsurance and ratings agencies, market and financial analysts, and other industry experts at the Florida Association for Insurance Reform’s (FAIR) inaugural…
FORT LAUDERDALE, FL. March 30, 2016. An insurance reform group is asking the Securities and Exchange Commission to investigate a hedge fund manager’s November “short pitch,” which immediately preceded a 31 percent decline in the stock price of a Fort Lauderdale-based insurance company. Anthony Bozza, founder of Lakewood Capital, made false, incomplete or misleading statements…
FORT LAUDERDALE, FL. March 29, 2016. Florida Gov. Rick Scott made it known Tuesday that his choice for the next Florida insurance commissioner would not be State Representative Bill Hager. “I won’t second it,” was Scott’s quick response to Chief Financial Officer Jeff Atwater’s motion to appoint Hager to the soon to be open post…
FORT LAUDERDALE, FL. March 29, 2016: A year after Gov. Rick Scott tried to force an insurance regulator on the public, he and the Florida Cabinet will conduct interviews today for the state’s most powerful unelected position. They should choose the person who will make consumers, not industry, the priority. In early 2015, aides to…
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.…