WEATHER ALERT
In Hurricane Milton’s path in Florida? Do this now before you need to file an insurance claim
Read full article: In Hurricane Milton’s path in Florida? Do this now before you need to file an insurance claimPreparing for a hurricane involves removing patio furniture, preparing windows and building a hurricane kit. You should also prepare to file an insurance claim too, just in case.
Property insurance market shows ‘signs of stabilization,’ Florida says
Read full article: Property insurance market shows ‘signs of stabilization,’ Florida saysIn crisis for years, Florida's troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation.
Citizens Property Insurance leaders back double-digit rate hike
Read full article: Citizens Property Insurance leaders back double-digit rate hikeWhile saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.
Florida’s property insurance market shows small signs of improvement. Homeowners aren’t sure.
Read full article: Florida’s property insurance market shows small signs of improvement. Homeowners aren’t sure.Florida's troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation and the Chief Financial Officer.
Florida insurance market showing signs of improvement, report says
Read full article: Florida insurance market showing signs of improvement, report saysIn crisis for years, Florida’s troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation.
Florida bill replenishes program to upgrade homes against hurricanes
Read full article: Florida bill replenishes program to upgrade homes against hurricanesA bill headed to Gov. Ron DeSantis would put new money in the coffers of a popular Florida program to help homeowners pay for hurricane-related home improvements.
Property insurance premium tax break could make Florida tax package
Read full article: Property insurance premium tax break could make Florida tax packageA tax package that began moving forward Tuesday in the Senate and a revised tax proposal in the House could provide some assistance to homeowners with property-insurance costs.
You want Florida lawmakers to lower property insurance rates. Why that likely won’t happen
Read full article: You want Florida lawmakers to lower property insurance rates. Why that likely won’t happenFlorida is the most expensive state for homeowners insurance premiums in the country, according to the Insurance Information Institute.
Florida CFO Jimmy Patronis wants to ‘right size’ insurance consumer services
Read full article: Florida CFO Jimmy Patronis wants to ‘right size’ insurance consumer servicesFlorida’s chief financial officer is asking the state legislature for more money to increase the size of the division that helps Floridians with insurance issues.
Citizens under investigation by US Senate committee amid Florida insurance woes
Read full article: Citizens under investigation by US Senate committee amid Florida insurance woesThe U.S. Senate Budget Committee is investigating Citizens Property Insurance, Florida’s property insurer of last resort that now has the largest share of property insurance holders in the state.
More than 90K policies move from Citizens to private insurers in ‘depopulation’ push
Read full article: More than 90K policies move from Citizens to private insurers in ‘depopulation’ pushFor the second month in a row, private insurers have taken more than 90,000 policies from the state’s Citizens Property Insurance Corp.
Citizens customers with private insurance letters: deadline to decide is today
Read full article: Citizens customers with private insurance letters: deadline to decide is todayThousands of Citizens Property Insurance customers have until next week to decide if they want to take an offer from a private insurer.
Citizens Insurance signs off on more policy proposals for private insurers
Read full article: Citizens Insurance signs off on more policy proposals for private insurersAmid a push to move policyholders into the private market, regulators have approved proposals by six private insurers to take as many 153,000 policies from the state’s Citizens Property Insurance Corp.
Citizens Insurance presents double-digit rate hike proposal at Board of Governors meeting
Read full article: Citizens Insurance presents double-digit rate hike proposal at Board of Governors meetingThe Citizens Board of Governors on Wednesday morning will hear a proposal for double-digit rate hikes, set to be in place by year’s end.
Property insurer can’t deny claim because of blood, Florida high court rules
Read full article: Property insurer can’t deny claim because of blood, Florida high court rulesThe Florida Supreme Court on Monday refused to take up a property insurer’s appeal in a dispute about whether blood should be considered a pollutant under a homeowners’ policy.
Your Florida Daily: Lawsuit against Scot Peterson, property insurance costs going up for Floridians
Read full article: Your Florida Daily: Lawsuit against Scot Peterson, property insurance costs going up for FloridiansGunfire will again ring out at Parkland's Marjory Stoneman Douglas High School Friday, as part of the civil lawsuit against former school resource deputy Scot Peterson.
Private insurers set to take thousands of Citizens policies. Here’s why it matters
Read full article: Private insurers set to take thousands of Citizens policies. Here’s why it mattersThousands of Citizens Insurance policyholders may have to pay pricier premiums as the state approves a plan to move policies to private insurers.
Private insurers OK’d to take over Citizens policies
Read full article: Private insurers OK’d to take over Citizens policiesAs homeowners continue piling into the state-backed Citizens Property Insurance Corp., regulators this week approved proposals that could lead to private insurers pulling as many as 184,000 policies from Citizens starting in October.
Floridians flock to Citizens Insurance even as it plans rate hikes
Read full article: Floridians flock to Citizens Insurance even as it plans rate hikesAs Citizens Property Insurance Corp. waits for a decision on a plan that would lead to double-digit rate increases for customers, the state-backed insurer remains on a path to grow to 1.7 million policies by the end of the year, President and CEO Tim Cerio said Wednesday.
‘I’m concerned but I’m angry:’ Florida CFO details plan to deal with Farmers Insurance
Read full article: ‘I’m concerned but I’m angry:’ Florida CFO details plan to deal with Farmers InsuranceFlorida’s chief financial officer is looking at ways to go after Farmers Insurance for its plan to pull its Farmers-branded services from Florida, affecting 100,000 policyholders.
Farmers becomes latest company pulling out of Florida amid property insurance crisis
Read full article: Farmers becomes latest company pulling out of Florida amid property insurance crisisFarmers Insurance is leaving the Florida insurance market, becoming the latest company to do so, and impacting thousands of policyholders.
Citizens Insurance looks to double rates, drop thousands of policies
Read full article: Citizens Insurance looks to double rates, drop thousands of policiesFlorida’s Office of Insurance Regulation held a hearing Thursday afternoon to determine if rate hikes approved by Citizens Property Insurance can go forward.
‘Total nightmare:’ As Florida insurance companies go insolvent, homeowners pay the price
Read full article: ‘Total nightmare:’ As Florida insurance companies go insolvent, homeowners pay the priceThe Florida Insurance Guaranty is adding a 1% assessment to policyholders starting in October to cover claims for insolvent companies.
Florida property insurance company insolvent after losses caused by Hurricane Ian
Read full article: Florida property insurance company insolvent after losses caused by Hurricane IanState regulators moved forward Thursday with placing United Property & Casualty Insurance Co. into receivership after higher-than-expected losses from Hurricane Ian helped push the insurer into insolvency.
Roof damage fight goes to Florida appeals court
Read full article: Roof damage fight goes to Florida appeals courtFlorida lawmakers in May approved scaling back a requirement to replace roofs. A contractors group and a roofing company have gone to a state appeals court as they argue the change is unconstitutional.
Florida insurance commissioner steps down 1 day after special session
Read full article: Florida insurance commissioner steps down 1 day after special sessionAfter lawmakers this week passed an overhaul of the state’s property-insurance system, Florida Insurance Commissioner David Altmaier on Thursday submitted his resignation to Gov. Ron DeSantis.
Florida House passes property insurance reform bill
Read full article: Florida House passes property insurance reform billThe Florida House is debating sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.
Florida Senate passes property insurance overhaul amid continued crisis
Read full article: Florida Senate passes property insurance overhaul amid continued crisisThe Florida Senate has approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.
Dr. Jim Clark explains what people should know ahead of special session on property insurance
Read full article: Dr. Jim Clark explains what people should know ahead of special session on property insuranceAs the special legislative session is about to kick off to tackle the state’s property insurance crisis, News 6′s political analyst is breaking down what consumers can expect lawmakers to discuss and vote on.
Florida lawmakers will discuss these issues during the upcoming special session on insurance
Read full article: Florida lawmakers will discuss these issues during the upcoming special session on insuranceWith Florida’s property insurance system in turmoil, state lawmakers could be poised to take major steps to try to stabilize the market during a special legislative session next week.
Florida senator: 3 things need to happen to correct the struggling insurance market
Read full article: Florida senator: 3 things need to happen to correct the struggling insurance marketFlorida’s insurance market was already in crisis before Hurricane Ian, now Florida lawmakers are gearing up for the second special session on property insurance this year.
Florida insurance rates could go up 20 to 30% next year, say industry analysts
Read full article: Florida insurance rates could go up 20 to 30% next year, say industry analystsBefore Hurricane Ian, Florida’s insurance market was already in crisis. Now many consumers are on edge about how their premiums will change after the storm.
Florida Hurricane Catastrophe Fund could see $10B in loses from Hurricane Ian
Read full article: Florida Hurricane Catastrophe Fund could see $10B in loses from Hurricane IanThe Florida Hurricane Catastrophe Fund, a state program that provides critical backup coverage to property insurers, is estimated to have $10 billion in losses from Hurricane Ian, officials said Wednesday.
Florida lawmakers ready for special session on property insurance after Hurricane Ian
Read full article: Florida lawmakers ready for special session on property insurance after Hurricane IanWith Florida's property insurance crisis worsening after Hurricane Ian, Gov. Ron DeSantis is calling legislators back to Tallahassee to address the issue, as well as looking at offering property tax relief to those who lost their homes and businesses to the storm.
6th property insurer in Florida declared insolvent
Read full article: 6th property insurer in Florida declared insolventState regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.
Legal fight over Florida’s new property insurance law goes to appeals court
Read full article: Legal fight over Florida’s new property insurance law goes to appeals courtContractors have launched an appeal in a legal battle about part of a new Florida property-insurance law that restricted attorney fees in disputes about claims.
Citizens Insurance looking to lift $700K cap on policies
Read full article: Citizens Insurance looking to lift $700K cap on policiesWith homeowners struggling to find coverage, insurance regulators are looking at the possibility of lifting a $700,000 cap on policies sold by the state-backed Citizens Property Insurance Corp.
Homeowners insurance company exits Florida market
Read full article: Homeowners insurance company exits Florida marketUnited Property & Casualty Insurance Co. will exit Florida’s troubled homeowners’ insurance market, forcing customers to find new coverage as their policies come up for renewal, the insurer’s parent company announced Thursday.
Ratings change that could raise costs for Florida property owners delayed
Read full article: Ratings change that could raise costs for Florida property owners delayedA ratings agency has delayed plans to downgrade more than two dozen Florida-based property insurance companies in a move that could cost more money for homeowners with loans.
Florida property insurers could face financial rating downgrades
Read full article: Florida property insurers could face financial rating downgradesFlorida regulators scrambled Thursday after they said a financial-ratings agency notified about 17 property-insurance companies of potential ratings downgrades.
Citizens Insurance could hit 1.2 million Florida policies this year
Read full article: Citizens Insurance could hit 1.2 million Florida policies this yearPointing to “almost incomprehensible growth,” the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
Florida property insurers file rate reductions with state. But will your premiums fall?
Read full article: Florida property insurers file rate reductions with state. But will your premiums fall?A state program created after a special legislative session on property insurance is supposed to pass on savings to consumers.
Agents may not know all aspects of Florida’s news property insurance law, consumers say
Read full article: Agents may not know all aspects of Florida’s news property insurance law, consumers sayIt's been just over two weeks since the Governor signed an insurance bill into law, but consumers tell News 6 that not every insurance agent is up to speed on what the law contains.
Florida property owners waiting on insurance savings after special session
Read full article: Florida property owners waiting on insurance savings after special sessionFlorida Gov. Ron DeSantis signed a property insurance reform bill into law one week ago, and so far, consumers are still dealing with rising rates.
Florida lawmakers tee up property insurance changes
Read full article: Florida lawmakers tee up property insurance changesFlorida lawmakers are poised Wednesday to give final approval to a series of changes aimed at shoring up the property-insurance market as homeowners lose coverage and face steep rate increases.
Florida lawmakers aim to stabilize market with property insurance changes
Read full article: Florida lawmakers aim to stabilize market with property insurance changesFlorida lawmakers began moving forward Monday with a plan to try to bolster the state’s troubled property-insurance market, but homeowners shouldn’t expect immediate relief from soaring premiums.
Florida bills limit roof refusal by insurers, add new fund
Read full article: Florida bills limit roof refusal by insurers, add new fundLegislation proposed by Florida lawmakers for an upcoming special session to reform the state’s property insurance market would create a $2 billion reinsurance fund for insurers to get insurance that insulates them from risk.
Florida to weigh property insurer rate hikes next week
Read full article: Florida to weigh property insurer rate hikes next weekFlorida regulators have scheduled three hearings next week on proposals by property insurers to raise homeowners’ rates more than 20%, while the state weighs a plan by another insurer that has shed policies amid financial losses.
Florida Gov. Ron DeSantis calls for special session to address property insurance crisis
Read full article: Florida Gov. Ron DeSantis calls for special session to address property insurance crisisGov. Ron DeSantis has called a second special legislative session, this time with the goal to address Florida's property insurance crisis which has seen many homeowners lose their insurance or see their premiums skyrocket.
Hope for homeowners: Gov. DeSantis announces property insurance special session
Read full article: Hope for homeowners: Gov. DeSantis announces property insurance special sessionHopeful news came Monday for thousands of Florida homeowners who have been dropped by their insurance company or experienced their rates skyrocketing.
Florida lawmakers consider special session on property insurance
Read full article: Florida lawmakers consider special session on property insuranceFlorida lawmakers are considering holding a special session to address private property insurance as many homeowners see their rates rise or their policies being dropped.
Property insurance attorney offers perspective on Florida’s insurance crisis
Read full article: Property insurance attorney offers perspective on Florida’s insurance crisisInsurance companies say the crisis is being fueled by mounting litigation and fraud, but property insurance attorney John Tolley said that's not the full story.
DeSantis leaves possibility of property insurance, condo session up to Florida legislators
Read full article: DeSantis leaves possibility of property insurance, condo session up to Florida legislatorsIf Florida lawmakers hold a special session to deal with the troubled property-insurance market or to put additional requirements on condominium buildings, it won’t come from a directive by Gov. Ron DeSantis.