Fort Lauderdale, FL – As an organization that advocates strongly for mitigation and energy savings programs, the Florida Association for Insurance Reform (FAIR) welcomes the Federal Housing Administration’s (FHA) announcement of guidance for Property Assessed Clean Energy (PACE) programs. The broad-reaching initiative opens the door for millions of homeowners in Florida and countrywide to finance…
FAIR believes that it’s critically important for communities to recover quickly after disasters and catastrophic events. People need to be able to go about their day-to-day lives and live safely and comfortably in their homes; businesses need to open their doors to customers and quickly become operational again to service their communities. Solar provides a…
Monday, July 11, in Clearwater and Tuesday, July 12, in Tarpon Springs and Wednesday, July 13, in Treasure Island, 6:00 – 9:00pm: Tampa Area property-owners learned about flood mitigation and had their flood insurance policies reviewed by Flood Risk Evaluator, potentially saving hundreds of dollars in premiums. Supported by the City of Tarpon Springs and…
As South Florida property insurance rates climb this year, homeowners are paying more attention to everything that can affect their premiums. More and more, that includes credit scores. A good score can lead to discounts. Customers with poor scores get no discount, and if they have poor scores and a history of filing claims, they’ll…
Fort Lauderdale, FL – The Florida Association for Insurance Reform (FAIR) joins seven organizations in supporting the Ross Murphy Flood bill pending in Congress. “The Ross Murphy legislation is a critical step for insurance consumers who need private market alternatives to the National Flood Insurance Program,” said Jay Neal, President and CEO. Today, FAIR, the…
State-run Citizens Property Insurance Corp. is seeking rate increases for South Florida homeowners that fall just short of the 10 percent maximum allowed under state law. And as President and CEO Barry Gilway has been warning for months, the company is blaming the requested hikes on increased claims and lawsuits stemming from non-weather-related water losses.…
Fort Lauderdale, FL. January 20, 2016: Florida Insurance Commissioner Kevin M. McCarty’s resignation presents an opportunity for Floridians to weigh in on the replacement process for this critical position. Since the Florida Office of Insurance Regulation (FLOIR) was created in 2003, McCarty has served as its only appointed Insurance Commissioner. Commissioner McCarty was honored last…
State-backed Citizens Property Insurance is looking to boost premiums an average of 6.8 percent statewide as water-damage claims, particularly in South Florida, continue to surge. The recommendation will go before Citizens’ Actuarial and Underwriting Committee on Tuesday and is scheduled to go before the insurer’s Board of Governors on Wednesday. It follows a more-modest 1.8…
Fort Lauderdale, FL – The Florida Association for Insurance Reform (FAIR) recommends several potential solutions to mitigate recent rate hikes that have stemmed from increases in the severity and frequency of water claims. Paul Handerhan, FAIR’s Senior Vice President of Public Policy, was speaking at the “Troubled Waters” forum in Boca Raton, organized by Sha’Ron…
One of South Florida’s largest property insurance companies has been rebuffed by state insurance regulators for seeking Assignment of Benefits restrictions that were disapproved two years ago. Clearwater-based Heritage Property & Casualty, which is seeking a 14.9 percent rate increase this year, in April sought to require a mortgage lender’s approval before a policyholder can…