East Bay Insurance

Hurricane Irma sparks insurance freeze

Hurricane Irma sparks insurance freeze

Following billions of dollars in property damage from Hurricane Irma, the Florida Office of Insurance Regulation issued an emergency order to protect consumers in the wake of the storm. The order freezes policies in the affected areas from cancellations and non-renewal for a period of 90 days starting on Sept. 4. Karen Kees, deputy director […]

Insurers blame assignment of benefits for rising premiums

Insurers blame assignment of benefits for rising premiums

Home and business owners in Florida can expect the cost of property insurance to rise in 2017 and to keep climbing in the coming years, East Bay Insurance owner John Hays says. But in a state where hurricane damage has historically been the cause of insurance woes, these increases in many cases have nothing to […]

Insurance scammers costing Florida policyholders

Insurance scammers costing Florida policyholders

Santa Rosa County Citizens Property Insurance customers could face an average 8.7 percent increase in their rates after the Florida Office of Insurance Regulation (OIR) Aug. 23 rate hearing. State-run Citizens Property Insurance was established as a catch-all for properties other companies would not insure, and they handle more than 409,000 home and commercial properties […]

Florida Chamber: Homeowners’ insurance rates pushed up by hurricane threat

Florida Chamber: Homeowners’ insurance rates pushed up by hurricane threat

Florida residents pay twice the national average for homeowners insurance according to the Florida Chamber Foundation, and the risk for catastrophic hurricanes may be to blame. East Bay Insurance Agency Principal John Hays handles thousands of homeowners’ insurance policies throughout the state of Florida. He said although the system is complex, the level of risk […]