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…
FORT LAUDERDALE, FL – Commissioner Kevin McCarty was honored with standing ovations from more than 170 corporate executives representing diverse industry sectors, as he received a Lifetime Achievement Award from FAIR, Florida Association for Insurance Reform. The presentation took place at FAIR’s third annual Awards Dinner and Gala on Thursday September 17 at the Kovens…
FORT LAUDERDALE, FL – Commissioner Kevin McCarty is being recognized with a Lifetime Achievement Award for his 27 years of public service, by FAIR, the Florida Association for Insurance Reform. Also being honored at the organization’s third annual awards dinner and gala are Joseph Petrelli and Sharon Romano Petrelli, founder and co-founder of the one…
PENSACOLA, FL – September is National Preparedness Month and State Senator Greg Evers invites you to take action and make a plan. Residents and business owners are invited to the join a panel of experts on Tuesday, August 25th at the Jean and Paul Amos Performance Studio Building in the WSRE Studio for this one…
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 casualty insurance industry, an AOB provision typically was utilized by policyholders when they suffered a loss and subsequently wanted to sell their property before a…
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 the Florida Senate Andy Gardiner; to express the organization’s disapproval of Governor Scott’s veto of HB 1087: Operations of the Citizens Property Insurance Corporation. This…
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 repair. Such was the case of Marie Roseme. “A terrible storm went through the City and I came home to find water all over my…
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 Bill 7067, a major economic development bill, was amended in recent weeks to give FDFC the ability to issue bonds statewide without local government approval.…