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Category Archives: FAIR News

Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance

FAIR News, Florida LegislationBy FAIRJanuary 28, 2022

Source: Insurance Journal Author: William Rabb Date: January 28, 2022 Seeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different…

World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It

FAIR News, Florida LegislationBy FAIRJanuary 27, 2022

Source: Insurance Journal Author: William Rabb Date: January 26, 2022 If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now…

Thousands of Citizens Insurance Customers to Get Takeout Offer from Newly Created Home Insurer

FAIR News, Florida LegislationBy FAIRDecember 9, 2021

News Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: December 9, 2021  

flooding

Opinion: Private Flood Insurance: An Opportunity for Congress and Consumers

FAIR News, US LegislationBy FAIRNovember 24, 2021

Flooding is the most common and costly natural disaster in the United States. According to the Pew Charitable Trusts, flood-related disasters have cost more than $850 billion in damages and…

Get ready to dig deeper: Despite reforms, insurers warn consumers that more rate hikes are coming

FAIR News, Florida LegislationBy FAIROctober 25, 2021

News Source: South Florida Sun Sentinel Author: Ron Hurtibise Date: October 24, 2021 Homeowners hoping for an end to steep property insurance rate increases next year might as well start looking for other…

25% of Infrastructure Under Flood Risk in 30 years; FEMA Wants Input on Standards

FAIR News, US LegislationBy FAIROctober 14, 2021

News Source: Insurance Journal Author: William Rabb Date: October 13, 2021 Just as new research shows that a fourth of the critical infrastructure in the U.S. – along with an increasing…

Ida is already one of history’s most expensive storms. Here’s how it will affect your insurance rates

FAIR NewsBy FAIRSeptember 13, 2021

News Source: South Florida Sun Sentinel Author: Ron Hurtibise Date: September 13, 2021 Florida might have dodged a bullet from Hurricane Ida, but consumers in the Sunshine State ultimately won’t be able to…

flooding

Press Release: FAIR Calls on Congress to Enact NFIP Reforms

FAIR News, US LegislationBy FAIRSeptember 9, 2021

FOR IMMEDIATE RELEASE Federal Association for Insurance Reform (FAIR) sends Letter to Congress: NFIP Reauthorization, Risk Rating 2.0, & Affordability This morning, FAIR sent a letter to the House Committee…

Florida Homeowners Face Spike in Insurance Renewals

FAIR NewsBy FAIRAugust 10, 2021

Source: Insurance Business Magazine Author: Lyle Adriano Date: August 9, 2021 Those looking to renew their homeowners’ insurance in Florida are being blindsided by significant premium increases, as the insurance situation in the…

The Surfside condo that collapsed was vulnerable to sinking earth, engineers say. Your house might be too.

FAIR NewsBy FAIRAugust 10, 2021

Source: South Florida Sun Sentinel Authors: Mario Ariza and David Fleshler Date: August 7, 2021 Just days after the collapse of the condo tower in Surfside, an obscure study emerged that the building…

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