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Category Archives: Florida Legislation

As hurricane season approaches, three insurers are canceling thousands of Florida customers

FAIR News, Florida LegislationBy FAIRMay 18, 2021

  News Source: South Florida Sun Sentinel Author: Ron Hurtibise Date: May 17, 2021 As insurers continue to bemoan heavy claims losses and litigation costs in South and Central Florida, state…

Insurance Reform Proposals Could Hurt Consumers, Critics Say

FAIR News, Florida LegislationBy FAIRApril 19, 2021

  News Source: South Florida Sun Sentinel Author: Ron Hurtibise Date: April 16, 2021 The next few days will determine whether Florida consumers will lose valuable property insurance coverage to…

Legislation to Fight Sea Level Rise Goes to Florida Governor

Florida LegislationBy FAIRApril 9, 2021

  News Provided By: The Washington Post Author: Bobby Caina Calvan Date: April 8, 2021 TALLAHASSEE, Fla. — Legislation hailed as some of the most robust yet to defend U.S.…

You Might Not Lose your Full Roof Replacement Insurance After All

FAIR News, Florida LegislationBy FAIRMarch 24, 2021

News Provided By: South Florida Sun Sentinel Article By: Ron Hurtibise Date: March 22, 2021 Homeowners worried they’ll have to foot most of the cost to replace their roofs if…

Florida Property Insurance Industry in Tenuous Financial State, Despite AOB Reform

FAIR News, Florida LegislationBy FAIRMarch 3, 2021

News Provided by: Florida Record Article by: Michael Carroll February 26, 2021 Restrictions on assignment-of-benefits (AOB) property insurance claims signed into law in 2019 have failed to control lawsuits blamed…

Improving the Transparency of Florida Hurricane Catastrophe Fund’s (FHCF) Ratemaking

Florida LegislationBy FAIRJanuary 10, 2020

The Florida Hurricane Catastrophe Fund’s Ratemaking Formula Report is an “Actuarial Communication” as governed by actuary profession’s U.S. Standards of Practice, specifically #41.  Therefore, it must adhere to the following…

Florida Homeowners Insurance Market Update

Florida LegislationBy FAIRJanuary 6, 2020

FAIR is deeply concerned about the recently reported operating results of Florida-based insurance companies. We have also heard from a number of affected policyholders of insurance companies that have failed,…

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