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From category archives: Florida Peninsula

Beware of Fraud Post-Hurricane Matthew

Florida Peninsula urges our policyholders who have experienced damage from Hurricane Matthew to call us first to protect themselves from fraud.

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National Preparedness Month: Establish a Family Emergency Communication Plan

September is National Preparedness Month, serving as a reminder for us all to take action now, and throughout the year to prepare for various emergencies which could affect us at any time. "Don't Wait, Communicate. Make Your Emergency Plan Today" is the theme of this years' National Preparedness Month. As Floridians, we realize the threat of a storm or natural disaster is not a matter of if, but when. As such, it is essential to the safety of you and your family to create an emergency communication and evacuation plan.  Preparing your family for an emergency can be, and is, as simple as a conversation at the dinner table. Get started with FEMA's three steps for creating a family emergency and evacuation plan:  1. Create a paper copy of every family members' contact information along with information for important people and offices, such as doctors, schools, medical facilities, and close family friends. Also, establish a Disaster Preparedness Plan; this plan should include escape routes from every room in ...

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New Law Attracts Millennials to Careers in Insurance

In June of 2015, The Florida Association of Insurance Agents (FAIA), in cooperation with the Florida Department of Financial Services, celebrated the passage of House Bill 1133, the insurance workforce development law. In hopes of drawing young people to the aging insurance field, this bill pursues college-to-career readiness by aligning college coursework with the current Florida pre-licensing requirements. If students complete the designated coursework at an approved Florida college and obtain the degree, they will receive either a general lines, customer service representative, or personal lines license.  FAIA admits the insurance industry is "late to the game" for offering this industry related program to college students. Since the law passed last year, eight colleges around the state of Florida have already implemented or will begin to offer a two-year associates degree in risk management/insurance. These eight colleges include Tallahassee Community College, Santa Fe College, State College of Florida ...

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NOAA Releases their 2016 Hurricane Season Forecast

The National Oceanic and Atmospheric Administration (NOAA) is predicting a near-normal 2016 hurricane season, which runs from June 1st to November 30th.

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Floridians, It’s Time to Get #HurricaneStrong

  The Atlantic hurricane season begins today, June 1st. Florida has been incredibly lucky in the past ten years, as fewer storms and no major hurricanes have made landfall. This calm has allowed Floridians to become complacent with hurricane readiness and storm preparation plans. However, a single storm can have devastating consequences and cause major disruptions, as was the case of hurricane Wilma in 2005, which resulted in $29.3 billion in damage and the single largest power outage in Florida's history when it made landfall, catching residents off-guard and unprepared. Over 97% of affected residents lost electricity and were forced to stand in long lines to obtain basic needs - including water and ice. Our streak of good luck is sure to run out, and when it does, we must be ready to face any weather-related hazards. Weather service and government agencies are attempting to promote hurricane preparedness and safety awareness via the social media campaign #HurricaneStrong, a new public outreach campaign ...

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Making Florida Peninsula Your Homeowners Insurance Carrier is a Sound Choice

You can count on us to provide coverages to properly secure your home while providing the peace of mind which comes from knowing our resources will be at your disposal in the event of a loss.

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5 Insurance Tips for Hurricane Season

The 2016 Atlantic hurricane season is just around the corner, and it is incredibly important for you and your family to be prepared for the unthinkable.

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Choose a Financially Stable Homeowners Insurance Carrier

  Your home is one of the biggest investments you will ever make, and choosing a licensed, financially stable homeowners' insurance company to protect your investment should be a top priority. As you consider the many options available, the company's financial rating should be a key factor in your decision-making process. Financial Stability Ratings® (FSRs) are useful when comparing insurers - the higher the rating, the greater the company's financial stability and capability to fulfill their financial obligations to you - the policyholder.  Insurance Companies must go through a comprehensive evaluation performed by an independent, objective third party such as Demotech Inc, A.M. Best, Fitch, Moody's, or Standard & Poor's, among others, in order to obtain a financial rating. Rating agencies use their own rating scale and criteria to analyze each company's balance sheet strength, operating performance, and business profile. A company's Financial Stability Ratings® (FSRs) of A or better are accepted by mort ...

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Water Losses and Fraudulent Water Claims Are Driving Up Rates in Florida

Damages due to water losses continue to be the top source of claims in Florida. According to a report conducted by Insurance Journal, the severity and frequency of water loss claims in Florida have steadily increased every year since 2010. The Review of the 2015 Assignment of Benefits Data Call, conducted by Florida's Office of Insurance Regulation (OIR), investigated 259,742 water claims from the top 25 insurers in the state, including damages resulting from appliance leaks to water pipe bursts. Their findings show the frequency of water claims have increased by 46 percent since 2010, with an average annual increase in frequency of 8.3 percent each year.  Fraudulent water mitigation claims are also on the rise, becoming a major concern for many across the nation. Regions including South Florida, are seeing a large number of fraudulent claims, which pose a serious threat of increased homeowners insurance rates. According to the propertycasualty360.com article, Underwater: Cleaning up fraudulent water mitig ...

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InVest Awareness Month- InVest: Opening Doors For High School Students

InVest: Opening Doors For High School Students

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