The Florida Office of Insurance Regulation has fined eight insurers a total of $2,075,000 for improper claims-handling practices after Hurricanes Ian and Idalia, underscoring its commitment to insurer accountability and consumer protection during hurricane season.
Tag: Florida
State of Florida Secures 15th Property Insurer Entering the Market Since Historic Legislative Reforms
Viceroy Preferred Insurance Company joins 14 other property and casualty insurers that entered Florida’s market since the passage of the state’s historic legislative reforms
Florida Peninsula Insurance Seeks Approval for Major Rate Cuts
Florida homeowners could soon see some financial relief as one of the state’s largest private property insurers looks to cut premiums.
Florida Legislative Leaders Shift Focus to Insurance and Affordability
On Tuesday, Florida’s new legislative leaders, House Speaker Danny Perez and Senate President Ben Albritton, both Republicans, delivered strong messages on affordability and the behavior of insurance companies, marking a notable shift from previous GOP stances.
Florida’s Insurance Market Crisis: A Growing Concern for Homeowners and Insurers Alike
Florida’s home insurance market is facing significant turbulence, creating an uncertain environment for residents and insurance providers alike.
Hurricane Helene’s Aftermath: What Florida’s Insurance Market Can Expect
With over 50,000 claims and more than $500 million in estimated damage, the impact is widespread, but experts suggest the storm might not be as devastating to Florida insurance companies as feared.
New Study: People Are Leaving Some Neighborhoods Due to Floods
Hundreds of thousands of neighborhoods in the United States are seeing population decline as a result of flooding, new research suggests. Those neighborhoods are often located in areas that are growing in population overall, including parts of Florida, Texas and the region around Washington, D.C.
How Billion-Dollar Hurricanes, Other Disasters Are Starting to Reshape Insurance Bills
As coastal residents pick up the pieces in Florida, Georgia and the Carolinas, the final price tag from Idalia is far from clear. But one thing is already known – the storm is yet another reminder that protecting homes with insurance is getting harder, riskier and more expensive.
Hurricane Idalia Makes Landfall in Florida
Hurricane Idalia’s damaging winds moved inland through northern Florida early Wednesday as a catastrophic storm surge washed through the coastal Big Bend region.
As Idalia Nears, Florida Officials Warn of ‘Potentially Widespread’ Gas Contamination
Florida officials are warning drivers of potential fuel contamination at dozens of gas stations on the Gulf Coast as residents brace for the landfall later this week of Tropical Storm Idalia.