Category Archives: FAIR News

News Source: South Florida Sun-Sentinel Author: Ron Hurtibse Date Published: January 28. 2023   State Farm Florida is the third-largest property insurance company in Florida, by policy count. It’s a fact that the…

What if everyone had Citizens Insurance for their home

News Source: South Florida Sun-Sentinel Author: Roy Hurtibise Date Published: January 15th, 2023 Why not just expand state-run Citizens Property Insurance Corp. to cover all homeowners in Florida? It’s a timely question for the…

News Source: E&E News Date Published: December 15th Author: Thomas Frank Hundreds of thousands of Florida property owners face requirements to buy flood insurance under a precedent-setting bill approved Wednesday by…

Florida Senate Committee Passes Reform Bill; Would Make Citizens ‘Noncompetitive’

News Source: Insurance Journal Author: William Rabb Date Published: December 13th   A Florida Senate Committee spent about two hours Monday reviewing a sweeping property insurance reform bill before approving it along…

FEMA reports NFIP has paid $793m in claims so far following Hurricane Ian

News Source: Reinsurance News Date Published: November 29th Author: Kane Wells The U.S. Federal Emergency Management Agency (FEMA) has reported that the National Flood Insurance Program (NFIP) has paid $793 million in claims…

News Source: Tampa Bay Times Author: Jim Saunders Date Published: November 15th TALLAHASSEE — Despite pounding parts of the East Coast, Hurricane Nicole will not hit Florida’s insurance market as hard as Hurricane…

News Source: Insurance Journal Author: William Rabb Date Published: November 8, 2022 One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that…

News Source: Claims Journal Author: WIlliam Rabb Date Published: October 11 While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion…

Fla. mulls home insurer rating options

  News Source: Insurance NewsNet Date Published: October 7th Responding to public officials who have lashed out at the state’s largest homeowners insurance ratings agency over its threats to downgrade more than…