HO-3 News

Some Changes to California’s FAIR Plan Could Go into Effect Early Next Year

Note: This has been updated with FAIR Plan comments below. Changes to the insurance plan offered by California’s property insurer of last resort could possibly go into effect as early as the next few months – that is if no …

Wading Through Coverage Differences in Expanding Private Flood Insurance

It has been a long-held insurance axiom that flood is not considered an insurable peril due to its potentially catastrophic nature. Here is what the report, “Affordability of National Flood Insurance Program Premiums: Report 1” (National Research Council, 2015) says …

How Does the Homeowners’ Policy Deal with Trees?

We went to a birthday party over the weekend. At one point the conversation spun into hurricane talk, as it does after a storm passes over. We had folks that live all over Florida and the questions always start with, …

Florida’s Citizens Balks at Issuing HO-8 Policy

Florida’s quasi-governmental property insurer is resisting a statutory requirement that it start issuing an HO-8 policy due to a disagreement with regulators over rates and concerns that the policy’s reduced price could make it attractive to consumers despite the policy’s …