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Category Archives: FAIR News

Experts say Florida insurance market can handle another hurricane this year — and stay healthy

FAIR NewsBy FAIROctober 14, 2024

Despite warnings from two leading insurance rating agencies that Hurricane Milton weakened or threatened Florida’s troubled home insurance market, local experts say the market can manage losses from Milton and…

The future of flood insurance in Florida after Hurricane Helene

FAIR NewsBy FAIROctober 3, 2024

BRADENTON, Fla. — After living in his Bradenton home for 20 years, Bryan Zoller is about to do a first. “I’ve never made a claim before, so I’m really not…

Revolutionizing Flood Insurance with CoreLogic® Flood Risk Score

FAIR NewsBy FAIRAugust 29, 2024

Rising floodwaters pose a significant threat to communities and economies worldwide, making flood insurance a vital component of risk management. However, accurately assessing flood risk for properties has been a…

Despite discount dispute, FEMA says ‘get flood insurance, Southwest Florida’

FAIR News, Florida LegislationBy FAIRAugust 1, 2024

SOUTHWEST FLORIDA — As peak hurricane season quickly approaches, and with many experts calling for an above-normal season, FEMA is sharing, what it feels, is an urgent message with southwest…

6 things to know about insurance after Hurricane Beryl kicked storm season into high gear

FAIR NewsBy FAIRJuly 11, 2024

Hurricane Beryl’s record-smashing appearance as the earliest ever Category 5 Atlantic hurricane — and one of the fastest to transform into a monster storm — portends the obliteration of much…

Your insurance costs won’t climb so high this year. All bets are off if we get a lot of hurricanes.

FAIR NewsBy FAIRJune 3, 2024

It’s so Florida. A yearslong effort to stabilize the home insurance industry is finally paying dividends, according to state officials and insurance insiders, just as forecasters are predicting a super-charged,…

CFO Jimmy Patronis answers viewer questions on My Safe Florida Home Program

FAIR NewsBy FAIRMay 15, 2024

TAMPA, Fla — ABC Action News Anchor Nadeen Yanes continues her conversation with Florida’s Chief Financial Officer, Jimmy Patronis. His office oversees the Florida property insurance market, and recently, for…

Senator Rick Scott: Floridians Deserve Flood Insurance Tax Relief

FAIR NewsBy FAIRMay 4, 2024

As flood insurance premiums continue to rise in Florida and around the country, Senator Rick Scott introduced legislation to provide tax relief for Americans who purchase flood insurance either through…

Heritage Insurance ‘striving to improve’ after failures to policyholders

FAIR NewsBy FAIRApril 10, 2024

The Florida Office of Insurance Regulation has leveled a $1 million fine on Heritage Insurance, citing several failures to policyholders in the aftermath of Hurricane Ian. In a consent order,…

Reduce insurance costs by 25%? South Florida backers push bill they say would do it

FAIR NewsBy FAIRMarch 14, 2024

Two longtime South Florida political leaders are pushing a congressional bill they say would immediately lower the cost of homeowner property insurance by about 25% in Florida and across the…

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