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Citizens Property Insurance is seeing a decrease in policy count. Why experts say this is a ‘huge step toward stability’
Read full article: Citizens Property Insurance is seeing a decrease in policy count. Why experts say this is a ‘huge step toward stability’Property insurance experts say Florida homeowners have reason to be hopeful about future insurance costs.
Citizens Property Insurance denied 77% of Florida homeowners’ claims from Hurricane Debby, new data shows
Read full article: Citizens Property Insurance denied 77% of Florida homeowners’ claims from Hurricane Debby, new data showsCitizens Property Insurance denied 77% of homeowners claims from Hurricane Debby, according to new data from the Allbritton Journalism Institute.
6 major property insurance companies outline future plans in Florida after back-to-back hurricanes
Read full article: 6 major property insurance companies outline future plans in Florida after back-to-back hurricanesThe insurance industry is facing potential rate hikes, and one Fort Myers insurance agent is weighing in on what homeowners should expect.
Hurricanes Helene, Milton could bring rising home, auto insurance rates for Floridians
Read full article: Hurricanes Helene, Milton could bring rising home, auto insurance rates for FloridiansThe aftermath of Hurricanes Helene and Milton is still being assessed, and early estimates suggest that the financial impact could be felt by Florida residents in more ways than one.
Florida insurance market in best position in nearly a decade, but homeowners in North Florida still paying more
Read full article: Florida insurance market in best position in nearly a decade, but homeowners in North Florida still paying moreIn Duval, Clay, St. Johns, and Nassau counties, property insurance premiums rose by an average of 13.5% from 2023 to 2024.
If your neighbor’s tree falls on your property, who is responsible? The answer may surprise you
Read full article: If your neighbor’s tree falls on your property, who is responsible? The answer may surprise youTarik Minor and city council member Matt Carlucci discuss the factors that determine liability when a tree on a neighbor's property causes damage to another neighbor's property. They emphasize the importance of documenting the tree's condition through photographs or certified letters. They also explore the complexities of homeowner's insurance after a tree falls on a property, including potential impacts on property insurance rates and the city's efforts to buy up homes in the area due to flooding issues.
Why experts say it’s a good idea for homeowners to have flood insurance
Read full article: Why experts say it’s a good idea for homeowners to have flood insuranceCatastrophic flash flooding continues in South Florida after three consecutive days of torrential rains, and while it’s too early to tell exactly the totality of damage to vehicles and property, local Insurance experts said the flooding should be a reminder that now is the time to get flood insurance.
Insurance expert explains how property insurance companies use drones for roof inspections
Read full article: Insurance expert explains how property insurance companies use drones for roof inspectionsFor years, property insurance companies have used drones to inspect property damage after a natural disaster.
Florida Democrats sound the alarm as hurricane season collides with property insurance, affordable housing crises
Read full article: Florida Democrats sound the alarm as hurricane season collides with property insurance, affordable housing crisesFloridians are in the midst of hurricane season and a property insurance crisis.
Unexpected victims of Florida’s property insurance crisis: Assisted living facilities and nursing homes
Read full article: Unexpected victims of Florida’s property insurance crisis: Assisted living facilities and nursing homesSome assisted living facilities and nursing homes have been forced to close due to escalating operating costs tied to Florida’s skyrocketing property insurance rates, according to data from Bloomberg.
How much do you pay?: There’s conflicting data on how much the average Florida resident pays for property insurance
Read full article: How much do you pay?: There’s conflicting data on how much the average Florida resident pays for property insuranceFlorida’s Office of Insurance has stated the average homeowner’s property insurance premium in the market is approximately $3,600, but other insurance data experts report higher premiums.
Florida insurance company pays $1M fine after being accused of mistreating policyholders after Hurricane Ian
Read full article: Florida insurance company pays $1M fine after being accused of mistreating policyholders after Hurricane IanOne of the state’s largest property insurance companies has agreed to pay a $1 million fine after being accused of mistreating its policyholders in the wake of Hurricane Ian.
Progressive customers in Florida should ‘keep an eye’ on mailbox as company drops home insurance policies, expert says
Read full article: Progressive customers in Florida should ‘keep an eye’ on mailbox as company drops home insurance policies, expert saysIn the middle of what’s being called a “property insurance crisis” in Florida, several local homeowners said their policies are being dropped by Progressive, one of the biggest property insurance companies in the country.
Tell Us: Have you been dropped by Progressive property insurance? If so, how much more or less is your new policy?
Read full article: Tell Us: Have you been dropped by Progressive property insurance? If so, how much more or less is your new policy?As property insurance continues to be a hot topic of discussion for Floridians, thousands of Progressive customers are having to switch to a different insurance company after receiving a non-renewal notice from the company.
Priced Out: 1 in 3 Floridians who get dropped by their homeowners insurance company are choosing to move: study finds
Read full article: Priced Out: 1 in 3 Floridians who get dropped by their homeowners insurance company are choosing to move: study findsOne in three Floridians who get dropped by their homeowner’s insurance company have moved or plan to move somewhere else.
3 Florida property insurance companies announce reduction in rates, desire to give homeowners some relief
Read full article: 3 Florida property insurance companies announce reduction in rates, desire to give homeowners some reliefThree Florida property insurance companies have either announced a reduction in their rates or the desire to pass some relief on to homeowners.
Property insurance expert says 8 new companies will increase competition, opportunities
Read full article: Property insurance expert says 8 new companies will increase competition, opportunitiesA Florida property insurance industry veteran said the eight new companies entering the market will increase competition and opportunities for customers.
Tell Us: Home insurance is on the rise. Has your bill gone up in the last year?
Read full article: Tell Us: Home insurance is on the rise. Has your bill gone up in the last year?Florida homeowners pay the most for home insurance, with an average annual rate of $10,996 in 2023, considerably less than America’s average rate of $2,377.
8 new property insurance companies coming to Florida to promote market stability
Read full article: 8 new property insurance companies coming to Florida to promote market stabilityThe Florida Office of Insurance Regulation (OIR) announced that eight property and casualty insurers are coming to Florida following legislative reforms designed to promote market stability.
Could the hyperactive hurricane season prediction impact Florida’s property insurance rates?
Read full article: Could the hyperactive hurricane season prediction impact Florida’s property insurance rates?Colorado State University’s (CSU) preseason hurricane forecast could potentially have a detrimental effect on Florida’s property insurance rates.
A Jacksonville homeowner says she’s still owed $15K from her insurance company. The company disagrees
Read full article: A Jacksonville homeowner says she’s still owed $15K from her insurance company. The company disagreesA Nassau County judge slammed a Florida property insurance company after he said it is stonewalling policyholders and disregarding court orders.
New Florida bill could require sellers to disclose flood risk information at or before the time of the sale
Read full article: New Florida bill could require sellers to disclose flood risk information at or before the time of the saleAccording to FloridaFloodInsurance.org, Florida is more likely to flood than any other state because of its flat terrain.
2 private Florida insurance companies want to increase premiums by more than 53%
Read full article: 2 private Florida insurance companies want to increase premiums by more than 53%The Florida Office of Insurance Regulation will hold public hearings next week to determine if two private insurance companies can increase their premiums by more than 53%.
Florida program that could help lower home insurance costs gets approved for more funding
Read full article: Florida program that could help lower home insurance costs gets approved for more fundingThe Florida Senate unanimously cleared a bill Wednesday to put $100 million into the “My Safe Florida Home” program, which could help people lower their home insurance costs.
‘This is free money’: Officials trying to get My Safe Florida Home program running again following severe storms
Read full article: ‘This is free money’: Officials trying to get My Safe Florida Home program running again following severe stormsFlorida Chief Financial Officer Jimmy Patronis urged Floridians to enroll in the My Safe Home Program to help save homeowners on insurance. The program has practically run out of money and state officials are trying to get it back running again.
Rising cost of home insurance shows alarming trend: an increase in owners not insuring their homes
Read full article: Rising cost of home insurance shows alarming trend: an increase in owners not insuring their homesThe rising cost of home insurance has prompted some families to leave Florida and also led to an increase in homeowners deciding not to insure their homes, citing the high price of premiums.
Florida lawmakers call for extension of program they say could lower property insurance premiums over time
Read full article: Florida lawmakers call for extension of program they say could lower property insurance premiums over timeLawmakers in Tallahassee gathered for a special session Tuesday to discuss the extension of the My Safe Florida Home Program, which they say could lower property insurance premiums over time.
Approval of thousands of property insurance policies taken from Citizens means ‘good news’ for Florida, experts say
Read full article: Approval of thousands of property insurance policies taken from Citizens means ‘good news’ for Florida, experts sayFlorida property insurance experts say the approval of four insurance companies to take as many as 125,000 policies from Citizens Property Insurance is another sign the state is headed in the right direction.
Another major Florida hurricane threatens to worsen property insurance market, add ‘Hurricane Tax’ for policy holders
Read full article: Another major Florida hurricane threatens to worsen property insurance market, add ‘Hurricane Tax’ for policy holdersAs a major hurricane, Idalia not only threatens the lives of Floridians but also the progress of Florida’s property insurance market that was already in crisis.
5 Florida companies working to take over nearly 200,000 policies from Citizens Property Insurance
Read full article: 5 Florida companies working to take over nearly 200,000 policies from Citizens Property InsuranceProperty Insurance experts are calling it a step in the right direction, in helping consumers in the state of Florida who have been rocked by the home insurance crisis.
Crisis continues: AAA Insurance set to drop ‘small percentage’ of Florida homeowners
Read full article: Crisis continues: AAA Insurance set to drop ‘small percentage’ of Florida homeownersAAA Insurance will be issuing non-renewals for a select number of homeowners in Florida, the company told News4JAX sister station WKMG on Thursday.
Property insurance crisis disrupting Florida real estate market as buyers struggle to get policies
Read full article: Property insurance crisis disrupting Florida real estate market as buyers struggle to get policiesIt continues to be a hot topic in Florida: The property insurance crisis that’s resulted in skyrocketing premiums for homeowners and more than a dozen insurance companies that have stopped writing policies in the state.
2 more property insurance companies scaling back in Florida just 2 weeks into hurricane season
Read full article: 2 more property insurance companies scaling back in Florida just 2 weeks into hurricane seasonTwo weeks into hurricane season, and two property insurance companies in Florida are scaling back policy coverage, citing their vulnerability to natural disasters like hurricanes and flood.
Homeowners fed up with property insurance rates continuously sky-rocketing
Read full article: Homeowners fed up with property insurance rates continuously sky-rocketingDozens of Florida homeowners insured by Citizens Property Insurance are complaining about the abrupt price hike in their property insurance.
Toll Relief Law, other laws go into effect New Year’s Day
Read full article: Toll Relief Law, other laws go into effect New Year’s DayA bill that Gov. Ron DeSantis signed in early December includes several laws that went into effect at the start of the New Year, which includes laws that cover tolls, tenant safety and property insurance.
‘It’s just awful’: Displaced St. Johns County mother among many Florida residents feeling the pain of property insurance
Read full article: ‘It’s just awful’: Displaced St. Johns County mother among many Florida residents feeling the pain of property insuranceThe property insurance debate at the Capitol of Florida is affecting a vast amount of people in the state.
Legislators to address property insurance, tax relief, financial assistance in special session next week
Read full article: Legislators to address property insurance, tax relief, financial assistance in special session next weekThe Florida Legislature will hold a special session on Monday to tackle the property insurance issues in the state.
Insurance changes hit with second lawsuit
Read full article: Insurance changes hit with second lawsuitA contractors group and an Orlando-area roofing firm Thursday challenged the constitutionality of a new law that combines a property-insurance change with efforts to bolster the safety of condominium buildings.