Florida’s property insurance crisis just went from terrible to disastrous, according to some insurers. Companies may not have what they need to get through hurricane season which means more can lose their coverage. “We have the potential of a massive failure of Florida insurers, probably the worst on record, not only in Florida. But in… Continue reading Florida’s Property Insurance Crisis Continues with No End in Sight
Tag: Florida property insurance rates
$2B Insurance Rescue Moves Forward in Florida
Florida lawmakers returned to the Capitol on Monday to try to stabilize a troubled property insurance market plagued by skyrocketing rates and a parade of companies dropping policies or going out of business. A Senate committee passed legislation putting $2 billion in state money at risk to bolster insurers struggling to get affordable reinsurance and… Continue reading $2B Insurance Rescue Moves Forward in Florida
More Florida Insurers Request Property Rate Hikes
Floridians have been squeezed by double-digit increases in property insurance rates. Some have had their policies cancelled, while others have had to pay for a new roof out of pocket before they can get a new policy. On Tuesday, one insurer asked state regulators to approve a nearly 50% rate increase on its homeowners policies.… Continue reading More Florida Insurers Request Property Rate Hikes
FL Governor DeSantis Signs Property Insurance Legislation Into Law
Governor Ron DeSantis has signed a new property insurance bill into law. The goal behind the measure is to cut down on litigation and stop rising insurance rates, but some question whether the changes will benefit consumers. Even before he signed it, Governor Ron DeSantis was talking up the new property insurance law. During an… Continue reading FL Governor DeSantis Signs Property Insurance Legislation Into Law