New insurance law will take years to curb soaring costs
Florida’s new property insurance reform law – touted as curbing skyrocketing premiums by reining in abuses of the court system – will take years to
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‘This is not a survivable market.’ Insurance crisis hits Fla.
Three years ago, FedNat Insurance Co. decided it was smart business strategy to expand deeper into the South to diversify its coverage area. But in
Florida homeowners pay nearly 3x national average for homeowners insurance
TAMPA BAY, Fla. — The price to live in paradise is getting higher for homeowners. A new analysis found that Floridians are paying property insurance premiums nearly
Assessments on insurance bills could linger after another company goes belly up
‘The question is, do we have enough cash for our latest insolvency? And the answer is we don’t know.’ Florida homeowners could pay a 2%
Florida’s insurance market on the verge of failure: Triple-I
Florida’s insurance marketplace has been plagued by extreme levels of fraud and litigation, which is driving the homeowner’s insurance market’s demise in the state, according
New estimates show Floridians will pay 3 times as much for homeowner’s insurance
Author: Libby HendrenPublished: 4:22 PM EDT June 24, 2022Updated: 6:58 PM EDT June 24, 2022 ST. PETERSBURG, Fla. — You’ve heard about the property insurance crisis here in
Florida’s property insurers off to a rocky start in 2022
The Florida residential property market remains under pressure as heavy losses continued for many insurers at the start of 2022, according to a review of
Florida contractors group files lawsuit over new property insurance reform
A trade association representing independent contractors that specialize in making storm repairs has filed a lawsuit against a new property insurance reform measure, arguing that
Rating agency says pressures continue for insurers
TALLAHASSEE — The financial-rating agency AM Best said Friday that changes passed during a special legislative session last month “are unlikely to alleviate immediate financial
Property Insurance Reforms Fall Far Short of What is Needed
The Florida Legislature convened for a special session just ahead of Memorial Day to address the deepening crisis in our state’s property insurance industry. However,