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...
Florida's largest insurer could be forced to change its coverage
2 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 ...
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...
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 latest Florida insights, trends and breaking news from property/casualty insurance industry authority Insurance Journal
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.
Will Florida Court Ruling End Homeowners Insurance Crisis?
Jan 8, 2025 · A Florida appeals court made a significant ruling in early January 2025 that will impact the state's under-pressure homeowners insurance market, which some observers believe is in crisis.
Lawmakers offer refreshing solutions to Florida's ongoing insurance ...
11 hours 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 ...
Milton threatens to upend shaky Florida homeowners insurance …
Oct 9, 2024 · Hurricane Milton threatens to swamp Florida's troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the...
Florida - Latest Insurance News
Dec 30 2024 // Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more – if limited – moves into a warming market in the state.