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Category Archives: FAIR News

The Policyholder and Assignment of Benefits: Navigating today’s Claims Environment

FAIR NewsBy FAIRJuly 31, 201512 Comments

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…

FAIR Calls for an Override to Governor Scott’s Veto of HB 1087 (Press Release)

FAIR NewsBy FAIRJune 15, 201518 Comments

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…

From Blue Tarp to New Roof; FAIR Working with Florida PACE Funding Agency (Press Release)

FAIR NewsBy FAIRMay 18, 2015152 Comments

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…

Florida Locals Alarmed at Bill to Give State Conduit Assessment Power

FAIR NewsBy FAIRApril 23, 201520 Comments

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…

Florida Cabinet approves buying $2.2 billion more in catastrophe insurance

FAIR NewsBy FAIRApril 16, 201518 Comments

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…

Reinsurance bad deal for Florida homeowners

FAIR NewsBy FAIRApril 16, 2015138 Comments

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…

FAIR Promotes Condo Parity Initiative for FIGA Coverage (Press Release)

FAIR NewsBy FAIRMarch 20, 2015170 Comments

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…

Kevin McCarty, Florida Consumers’ Insurance Commissioner to Receive FAIR Award (Press Release)

FAIR NewsBy FAIRFebruary 16, 20158 Comments

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…

FAIR Honors Locke Burt’s Leadership in Developing Solutions that Improve Florida’s Home Insurance Market

FAIR NewsBy FAIRSeptember 23, 2014170 Comments

Consumer Advocacy Group Presents Security First Insurance Chairman and President with Lifetime Achievement Award Tampa, Fla. (September 17, 2014) – The looming and ever-present potential for catastrophic weather. A challenging…

Weiss Ratings Critical of Florida Property Insurance Market Discredited

FAIR NewsBy FAIRSeptember 23, 20141 Comment

A recent article from Reuters reported that Florida’s property insurance market may be an “accident waiting to happen.” An unbiased and balanced assessment of the market proves that this is…

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