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…
“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.…
FORT LAUDERDALE, FL. December 18, 2015 – The Florida Association of Insurance Reform joins the Florida Justice Association, a lobbying arm for trial lawyers, and the Florida Association of Public Insurance Adjusters in opposing Citizens’ changes. Policy changes approved by state-run Citizens Property Insurance Corp. last week would unfairly reduce coverage to repair homes damaged…
FORT LAUDERDALE, FL – There is a dangerous trend in the property insurance market affecting commercial residential condos. Condo associations are increasingly becoming insured by unregulated or “surplus lines” companies. By doing so, they risk forfeiting a host of consumer protections against excessive rate hikes, reduced coverage levels, and good faith claims handling. They are…