FAIR supports balanced policy reforms to ensure all consumers have access to affordable insurance with quality coverage. The property insurance market in Florida is in a dire state, with several years of losses. This has made it increasingly difficult for consumers in the state to find affordable and quality insurance. To combat this crisis, FAIR and its members advocate for a variety of public policy initiatives that promote a robust, competitive, and stable market.
If you are an individual policyholder in Florida, join our campaign to contact your representatives and urge reform.
SOUTHWEST FLORIDA — As peak hurricane season quickly approaches, and with many experts calling for an above-normal season, FEMA is sharing, what it feels, is an urgent message with southwest…
WASHINGTON, D.C.—Today, Senator Rick Scott introduced the Flood Insurance Affordability Act, which would require the Federal Emergency Management Agency (FEMA) to offer Floridians an option to pay their flood insurance…
News Source: South Florida Sun-Sentinel Author: Ron Hurtibse Date Published: January 28. 2023 State Farm Florida is the third-largest property insurance company in Florida, by policy count. It’s a fact that the…
News Source: South Florida Sun-Sentinel Author: Roy Hurtibise Date Published: January 15th, 2023 Why not just expand state-run Citizens Property Insurance Corp. to cover all homeowners in Florida? It’s a timely question for the…
News Source: E&E News Date Published: December 15th Author: Thomas Frank Hundreds of thousands of Florida property owners face requirements to buy flood insurance under a precedent-setting bill approved Wednesday by…
News Source: Insurance Journal Author: William Rabb Date Published: December 13th A Florida Senate Committee spent about two hours Monday reviewing a sweeping property insurance reform bill before approving it along…
News Source: Reinsurance News Date Published: November 29th Author: Kane Wells The U.S. Federal Emergency Management Agency (FEMA) has reported that the National Flood Insurance Program (NFIP) has paid $793 million in claims…
News Source: Tampa Bay Times Author: Jim Saunders Date Published: November 15th TALLAHASSEE — Despite pounding parts of the East Coast, Hurricane Nicole will not hit Florida’s insurance market as hard as Hurricane…
News Source: Insurance Journal Author: William Rabb Date Published: November 8, 2022 One of the largest providers of reinsurance for Florida carriers is predicting major increases in rates next year, a move that…
News Source: Claims Journal Author: WIlliam Rabb Date Published: October 11 While some analysts are predicting that the property insurance industry will be able to manage Hurricane Ian and its estimated $50 billion…
News Source: Insurance NewsNet Date Published: October 7th Responding to public officials who have lashed out at the state’s largest homeowners insurance ratings agency over its threats to downgrade more than…
News Source: CBS News Author: Irina Ivanova Date Published: October 4th Many Florida homeowners starting the arduous recovery from Hurricane Ian will do so without the benefit of flood insurance, forcing them to either rebuild…
News Source: Insurance Newsnet Date published: August 31st Without a hit from a major hurricane, annual underwriting losses from property insurers in Florida eclipsed $1 billion in 2020 and in 2021. Five companies have…
News Source: Florida Politics Author: Gray Rohrer Date Published: August 29 A 0.7% assessment on all non-auto insurance policies will begin Jan. 1, 2023 and last throughout the year. All insurance policies in…
News Source: South Florida Sun Sentinel Author: Ron Hurtibise Date Published: August 15th So here we go, Florida. Peak hurricane season is bearing down on us like that flying saucer in the…
News Source: Tampa Bay Times Authors: Lawrence Mower, Alex Harris Date Published: August 12 TALLAHASSEE — Florida’s crumbling homeowners insurance market is exposing one of the state’s long-running flaws: its reliance on…
News Source: S&P Global Date Published: August 9th Florida property and casualty insurers will continue to face a myriad of challenges despite the sudden creation of a temporary reinsurance program to aid a host…
Date Published: August 2nd The Pew Charitable Trusts and the U.S. Chamber of Commerce—together with planners, engineers, developers, and leaders from business associations, local government institutions, the insurance industry, fiscal…
News Source: Insurance News Net [South Florida Sun-Sentinel] Author: Ron Hurtibise Date Published: July 27th Florida homeowners won’t lose their insurance coverage or face force-placed policies if their insurers lose their financial stability…
News Source: Insurance News Net (Florida Sun-Sentinel) Author: Ron Hurtibise Date Published: July 25th A slew of ratings downgrades for Florida-based insurers won’t be happening Tuesday after all. The CEO of Ohio-based Demotech,…
News Source: NBC South Florida Author: Associated Press Date Published: July 23rd A ratings agency has plans to downgrade more than two dozen Florida-based property insurance companies in a move that could cost…
News Source: Reinsurance News Author: Kassandra Kimenez-Sanchez Date Published: July 20th, 2022 AI-driven flood insurtech Neptune Flood has announced a new partnership with SIAA (Strategic Insurance Agency Alliance), an US alliance…
News Source: News 6 WKMG Author: Louis Bolden Date: July 7th A state program created after a special legislative session on property insurance is supposed to pass on savings to consumers. A state…
News Source: Insurance Journal Date Published: July 1st Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase. The…
News Source: Florida Phoenix Author: Laura Cassels Date Published: June 27th, 2022 More increases in property-insurance premiums are in the pipeline for Florida homeowners, whose property-insurance costs already are far above the…
News Source: Climate Wire Author: Thomas Frank Date Published: June 22, 2022 Three years ago, FedNat Insurance Co. decided it was smart business strategy to expand deeper into the South to diversify…
Has your house or apartment flooded before? In Florida, good luck finding outAs an unnamed storm drenched Miami-Dade earlier this month, some people were shocked to find themselves suddenly sloshing…
News Source: Miami Herald Author: Alex Harris & Anacaona Rodriguez Martinez Date Published: June 20 Nora Trujillo ticked off the losses from the flood on her fingers: a computer, a…
News Source: Insurance Journal Author: William Rabb Date Published: June 14th, 2022 When the Florida Legislature approved Senate Bill 76 last year, with its restrictions on homeowner solicitation by roofing…
News Source: Florida Phoenix Author: Laura Cassels Date Published: June 14th, 2022 Like some private insurers, Florida’s state-run property insurance corporation has been unable to acquire all the reinsurance coverage it needs to…
News Source: WKMG News 6 Author: Louis Bolden Date Published: June 13th, 2022 ORLANDO, Fla. – It’s been just over two weeks since the governor signed an insurance bill into law, but consumers tell…
News Source: WBTV Author: Matt Sczesny Date Published: June 9th, 2022 WEST PALM BEACH, Fla. — Homeowners in Florida are signing up for Citizens Property Insurance Corporation at a…
News Source: 10 Tampa Bay Author: Libby Hendren Date Published: June 8th, 2022 ST. PETERSBURG, Fla. — If you’ve been shopping for a place to live, odds are you’re finding fewer…
News Source: Florida Phoenix Author: Laura Cassels Date Published: June 7, 2022 With the first named storm of the 2022 hurricane season — Alex — already leaving its mark on South Florida, the…
Source: WUSF Public Media Author: Sarah Mueller Date Published: May 29, 2022 Some lawmakers and industry analysts worry the new laws don’t deliver relief fast enough and don’t go far enough for property…
Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date Published: May 28, 2022 While most Floridians kick off summer by enjoying a long Memorial Day weekend, executives of financially shaky insurance companies will be…
Source: Insurance Journal Author: William Rabb Date: May 22, 2022 Florida’s insurance community appears to be split, at least to some degree, on the impact that two draft bills will have on the…
Source: Florida Politics Author: Jacob Ogles Date Published: May 23, 2022 Advocates say lawmakers need to look beyond Summer and storm season. As lawmakers return to Tallahassee for a Special Session,…
Source: Florida Phoenix Author: Laura Cassels Date Published: May 22, 2022 Creating a $2 billion reinsurance fund to help insurance companies pay catastrophic claims is a good idea but it is unclear…
News Source: Florida Pheonix Author: Laura Cassels Date Published: May 19, 2022 Florida lawmakers poised to act against soaring property-insurance rates may address allegations of insurance fraud and may manage to lure jittery…
Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date Published: May 18, 2022 Changes to terms of home insurance policies approved by Florida Insurance Commissioner David Altmaier violate policyholders’ rights by depriving them…
Source: Office of Florida’s Chief Financial Officer Jimmy Patronis Date Published: May 17, 2022 Today, leaders from throughout Florida applauded Chief Financial Officer (CFO) Jimmy Patronis on his recently announced anti-fraud legislative…
News Source: WUSF Public Media Author: Mattew Peddie, Dinorah Prevost Date Published: May 17, 2022 Homeowners are paying more for less coverage as insurance companies ditch customers. Others have gone out of business.…
News Source: Tampa Bay Times Author: Lawrence Mower Date Published: May 17, 2022 TALLAHASSEE — As state lawmakers meet next week to try to fix the spiraling property insurance market, they could draw…
New Source: South Florida Sun-Sentinel Date Published: May 14, 2022 Author: Ron Hurtibise Florida’s property insurance crisis is about to hit home for tens of thousands of policyholders. More than 68,000 policies…
News Source: News 6 – WKMG / Click Orlando Date Published: May 12, 2022 Author: Louis Bolden News 6 broke the news several weeks ago that some insurers are dropping customers if their…
Publisher: South Florida Sun-Sentinel Author: Ron Hurtibise Date Published: May 4, 2022 A national insurance industry research analysis firm is calling for the global reinsurance industry to shock Florida lawmakers into enacting meaningful…
Source: Insurance Journal Author: William Rabb Date Published: April 26, 2022 Premiums paid to the Florida Hurricane Catastrophe Fund are expected to increase by more than 12% later this year, giving new urgency…
Author: Tasha Carter, Florida’s Insurance Consumer Advocate Date: April 11, 2022 Insurance rates are skyrocketing and majority of homeowners are feeling the impact. Higher insurance rates can be life…
Source: CBS 4 Miami Author: Joan Murray Date Published: April 5, 2022 FORT LAUDERDALE (CBSMiami) – George Colbert has lived 16 years in his Wilton Manors home. As flooding has increased, he’s seen…
Source: Insurance News Net Date Published: April 2, 2022 Citizens Property Insurance Corp., the state-run “insurer of last resort,” is proposing an across-the-board rate hike of nearly 11%, the highest increase…
Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: March 29, 2022 Florida’s home insurance availability crisis continues to claim new victims, and worries are mounting that more companies could be…
Source: South Florida Sun Sentinel Author: Ron Hurtibise Date Published: March 6, 2022 For home insurance customers, the hits just keep coming. On top of a series of steep rate increases over the…
Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: Monday February 7, 2022 Will your home insurance policy pay to fully replace your roof if it’s damaged in a hailstorm, a…
Source: Sun-Sentinel Author: Ron Hurtibise Date: January 29, 2022 Florida home insurance customers could get a substantial break from rising rates — saving about $150 a year — if they…
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…
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…
News Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: December 9, 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…
Legislative AnalysisClick here to read FAIR’s analysis of the most relevant bills that passed during the 2021 Florida legislative session, including SB 76, SB 1598, and HB 1209.
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…
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…
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.…
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…
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…
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…
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,…