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Insurance Fairness Project @insurancefairness.bsky.social · 1d

Insurance Fairness Project spokesperson Lizzy Price told Newsweek: “Policyholders consistently pay into insurance plans, expecting their claims to be honored during emergencies. Legislators must rectify this flawed system and address the root causes of the insurance crisis."

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Insurance Fairness Project @insurancefairness.bsky.social · 1d

"Any system where an insurer wins over 90 percent of the time is a system that ignores the well-being of homeowners,” Mekedas Belayneh, policy advocate at nonprofit consumer advocacy organization Public Citizen, told Newsweek.

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Insurance Fairness Project @insurancefairness.bsky.social · 1d

It is imperative that legislators correct this flawed system and address the underlying causes of the insurance crisis, including climate change.

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Insurance Fairness Project @insurancefairness.bsky.social · 1d

Florida homeowners insured by Citizens have lost over 90% of claim disputes since legislation two years ago diverted these cases from traditional courts. Policyholders consistently contribute to insurance plans expecting their claims will be honored during emergencies.

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Insurance Fairness Project @insurancefairness.bsky.social · 1d

FLORIDA HOMEOWNERS HAVE LOST MORE THAN 90% OF CLAIM DISPUTES

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

Secret study: www.miamiherald.com/news/politic...
The New Republic story: newrepublic.com/article/1997...

Insurance Fairness Project @insurancefairness.bsky.social · 2d

This is another example of the insurance industry privatizing gains while socializing losses. This kind of behavior from insurers is not limited to Florida. Further examination is warranted in other states, and a Georgia state senator has already called for an investigation there

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

Insurance companies are trying to influence state insurance reform across the U.S., which significantly impacts policyholders and the economy. Companies claim large losses and poor financial outlooks to justify rate hikes, dropped policies, and industry-friendly policy changes.

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

Florida is one of the hardest-hit states in the national insurance crisis, which is being driven by the increase in extreme weather events. The average cost of insurance in Florida has risen 60% since 2019.

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

Why this secret study matters:

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

A secret study revealed that Florida-based insurers funneled billions into profits and shareholder dividends, even as they claimed steep losses to justify rate hikes, dropped policies, and industry-friendly reforms.

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

New reporting dives into McKinsey & Co.’s role in reshaping insurance practices. The same playbook is driving today’s insurance crisis in Florida.

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

FLORIDA UNDERWRITERS BANKED MASSIVE PROFITS WHILE STIFFING CUSTOMERS

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

Read more from Mother Jones: www.motherjones.com/politics/202...

Insurance Fairness Project @insurancefairness.bsky.social · 2d

The escalating costs associated with rising sea levels, severe rainstorms causing river swells, and large hailstones are straining insurers and disrupting housing markets.

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

The insurance industry is confronting a challenging future from its past underestimation of risks from climate-fueled natural disasters.

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Insurance Fairness Project @insurancefairness.bsky.social · 2d

HOW CLIMATE CHANGE IS MAKING HOME INSURANCE INCREASINGLY UNAFFORDABLE

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Insurance Fairness Project @insurancefairness.bsky.social · 3d

Read full report from Climate and Community Institute (CCI): climateandcommunity.org/research/ins...

Insurance Fairness Project @insurancefairness.bsky.social · 3d

Given the escalating extreme weather events, rising insurance costs, and the refusal of many insurance companies to renew or issue new policies, insurers of last resort are increasingly becoming the sole property insurance option for homeowners and housing providers.

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Insurance Fairness Project @insurancefairness.bsky.social · 3d

NEW REPORT SHOWS WHY FAIR PLANS NEED A NEW DESIGN

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Insurance Fairness Project @insurancefairness.bsky.social · 3d

While many lenders are expected to waive flood insurance requirements until the program is renewed, new homebuyers, particularly those in high-risk areas, could face significant exposure if a disaster occurs.

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Insurance Fairness Project @insurancefairness.bsky.social · 3d

Homeowners with existing policies will retain coverage until expiration, and FEMA will continue processing claims as long as funds are available.

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Insurance Fairness Project @insurancefairness.bsky.social · 3d

The NFIP, administered by FEMA, covers more than 4.7 million Americans and is one of the clearest examples of how federal protections guard families against extreme weather while filling private insurance gaps.

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