Category Archives: FAIR News

Fears mount that many insurers might not be financially prepared for hurricane season, despite reforms

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…

Florida Insurance Groups Divided on Proposed Special Session Bill

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…

Consumer advocates push accountability for bad actors, assistance for homeowners ahead of Special Session

  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,…

FL lawmakers unveil property-insurance fixes but market has ‘further devolved’

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…

As climate in FL sets ‘new normal,’ cost of property insurance will separate haves and have-nots

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…

Policy changes approved by state insurance commissioner violate policyholders’ rights, lawsuit says

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…

FL CFO Press Release: WHAT THEY ARE SAYING – Florida Leaders Applaud CFO Patronis’ Anti-Fraud Initiatives Ahead of Special Session

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…

State lawmakers hold second special session to work on Florida’s property insurance troubles

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.…

When Florida’s Property Insurers Fail, Few Ask Why

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…

68,200 Home Insurance Policies to be Canceled as Hurricane Season Begins

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…