Florida Association of Insurance Agents (FAIA) News

How Florida’s Strained Insurance Market is Facing COVID-19, Hurricane Season

From the threat of insurer ratings downgrades to mounting carrier losses because of excessive litigation to increasing insurance rates, Florida’s insurance market got off to a rocky start in 2020. Then came the COVID-19 global pandemic, causing further stress to …

What Florida Agents Need to Know During Coronavirus Crisis

Watch the Full Interview Florida is a catastrophe-prone state when it comes to weather, but the challenges that come from a non weather-catastrophe like the current COVID-19 pandemic bring about a host of new issues that Florida insurance agents are …

Florida Clears Insurance Agency Reps to Work Remotely Amid Coronavirus

Florida’s state of emergency due to the rapid spread of coronavirus in the state, and throughout the country, has created a need for many workers to work remotely. However, certain licensed insurance employees were restricted from doing so by a …

Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims

It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured losses, according to the Florida …

Commentary: How Florida AOB Crisis Is Impacting State’s Independent Agents

Florida’s “one-way attorney fee” statute enacted to protect Florida policyholders from large insurance companies has instead spawned a huge industry of assignment of benefits (AOB) predators who take advantage of policyholders and threaten the livelihood of hundreds of independent insurance …

Florida Insurance Agents Improvise to Stay Connected During Hurricane Michael Recovery

The page has finally turned on the tumultuous 2018 hurricane season, but for the agents who live and work in the Florida Panhandle the story isn’t over – personally or professionally. “We all still feel like we’re in hurricane mode …

Florida Agents March on State Capitol in Lawmaker Push to Reform AOB

Insurance agents from across Florida marched together on the state’s capitol Wednesday to deliver a message to Florida lawmakers: It’s time for assignment of benefits (AOB) reform. Carrying signs that read “STOP AOB ABUSE,” about 125 members of the Florida …

Citizens Warns Florida Policyholders of AOB Scams in Wake of Hurricane Matthew

Citizens Property Insurance Corp. is urging its policyholders to call Citizens first to report losses following Hurricane Matthew in order to protect themselves from assignment of benefit (AOB) scams, according to a statement from the company. “Citizens is ready to …

Hurricane Matthew More Hype Than Bite So Far But Insurers, Agents Remain on Alert

While Hurricane Matthew rages along Florida’s coast, with the end potentially still hours away, the insurance industry seems to be breathing a sigh of relief, thus far. As of Friday morning, Matthew seemed to have spared South Florida major damage …

Florida Agents Putting New Law to Work to Attract Millennials to Insurance Careers

Florida insurance agents are trying to bolster the industry’s track record in attracting college graduates by employing a new state law that aligns college courses with the state’s licensing requirements. The insurance workforce development law, passed in 2015, gives the …