Specialty Insurance Group of Bay County Inc

10/14/2022

Even before Hurricane Ian struck southwest Florida, killing dozens of people and leaving massive flooding and devastation in its wake, the state was already in the throes of a property insurance crisis.  Since January 2020, a dozen insurance companies operating in Florida have gone out of business....

09/20/2022

Florida homeowners pay the highest average premiums in the nation according to the Insurance Information Institute; nearly 3 TIMES the US average (about $3,600). None of this is due to Mother Nature - sadly, it's the result of a man-made crisis caused by unscrupulous contractors and shady attorneys.
https://bit.ly/VillagesInCrisis

09/08/2022

SMH

Those familiar with insurance fraud schemes in Florida will remember Operation Rubicon. That was the year-long investigation by Miami-Dade and Florida authorities into an alleged property insurance fraud scheme that involved public adjusters, restoration companies, insurance agents, a police officer...

08/25/2022

The Board of Directors made the decision to borrow $150 Million after five property insurers have gone insolvent in Florida since February. In more fallout from Florida’s troubled property-insurance market, an agency that handles claims after insurers go insolvent approved a plan Friday to borrow ...

08/24/2022

In several ways, today’s problems have their roots in the decisions lawmakers and regulators made after Andrew, experts say.The storm reshaped Florida’s insurance landscape, forcing several companies out of business and others to flee the state. With homeowners struggling to find coverage, the L...

08/16/2022

Florida’s residual market insurer, or insurer of last resort, Citizens Property Insurance Corporation, has now surpassed more than 1 million policies again, the first time it has been at this level of portfolio exposure, in terms of policy count, since 2013. In fact, it seems Florida Citizens run-...

07/17/2022

This chart proves that Florida home insurance premiums are “off the charts” (pun intended). Floridians (especially in these counties) are paying THOUSANDS more than the national average. This is unsustainable - and unfair!

07/09/2022

Unscrupulous contractors will use every available method (flyers, phone calls, texts, social media) to perpetuate their "free roof" scam - but no matter how much they try to convince consumers otherwise, there's no such thing as a free roof!

06/01/2022

While most Floridians kick off summer by enjoying a long Memorial Day weekend, executives of financially shaky insurance companies will be scrambling to make sure their customers remain protected into the upcoming hurricane season. Depending on how many fall short, tens of thousands of policyholders...

05/24/2022

ORLANDO, Fla. – Legislation proposed by Florida lawmakers for an upcoming special session to reform the state’s property insurance market would create a $2 billion reinsurance fund and prohibit insurers from automatically denying coverage to homeowners’ with older roofs. Four bills filed late...

05/23/2022

At American Integrity, we take home insurance very seriously. It saddens us that Florida’s property insurance market is on the brink of collapse due to a manmade catastrophe – roof claim fraud and lawsuit abuse. As consumers, we feel the pain in our wallets, too.

During this week’s Special Session, we’re hoping for meaningful reform that will curb abuse, stabilize the market and help decrease rates!

05/17/2022

Our Founder and CEO, Bob Ritchie, was recently interviewed by ABC Action News - WFTS - Tampa Bay about the state of Florida’s property insurance market. We are grateful for his insight and leadership as we navigate through this market crisis. https://bit.ly/3weslZL