Florida's largest insurer could be forced to change its coverage
5 days ago · A bill being considered by lawmakers in Tallahassee could make Florida's insurer of last resort, Citizens Property Insurance Corporation, available to all homeowners in the state, but it would ...
Will Citizens become the windstorm insurer for all in Florida?
2 days ago · Florida homeowners currently pay three times the national average for property insurance. A former Florida state representative who proposed a similar plan in 2006 projected that the pool would ...
Lawmakers offer refreshing solutions to Florida's ongoing insurance ...
4 days ago · According to the Associated Press, the average cost of a homeowners policy in Florida is about $6,000 per year, nearly four times the national average of $1,700.This issue creates financial stress ...
Map Reveals Scale of Florida's Property Insurance Crisis
Jul 2, 2024 · Florida experienced some of the sharpest home insurance premium increases in the entire country last year and had the highest share of insurers transferring risk to reinsurance companies—two...
Florida’s home insurer of last resort is in serious trouble. Will ...
Oct 11, 2024 · An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance...
After three hurricanes in as many months, Florida's property insurance …
Oct 20, 2024 · As of Thursday, the state Office of Insurance Regulation was reporting insurance claims for Milton nearing 200,000 and $2.3 billion dollars in estimated insured losses. After a triple hit to the state from Hurricanes Debby, Helene and Milton, Floridians are working to recover.
Insurance 'nightmare' unfolds for Florida homeowners after ... - NBC News
Oct 13, 2024 · In the areas of Florida most affected by the storms, no more than 25% of residents had separate flood insurance prior to the storms hitting, according to an NBC News analysis of U.S....
Florida news, trends and insights - Insurance Journal
Explore the newest/trending Florida content. Are Some Florida Workers’ Comp Judges Bending to the Political Winds on Fees? Does Florida’s 15-year Roof Age Rule Discourage More...
Florida’s Insurance Commissioner Provides Update on Continued …
Oct 10, 2024 · Today, after Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky announced additional encouraging developments related to the state’s strengthening property insurance market.
Citizens property insurance dropping more Florida policyholders
Mar 15, 2024 · Florida's most used home insurance company Citizens announced it will begin shedding plans next week. Although more Floridians use Citizens than any other insurance provider at 1.171...