insurance

As the government shutdown entered its third week, Democrats continued to withhold their support for a government funding bill unless Republicans agree to extend expiring Affordable Care Act marketplace subsidies. A Democratic lawmaker said Florida will be affected by the expiring subsidies more than any other state after the Nov. 1 ACA enrollment start.

Florida already applies the law as equally to AI as it does to humans, witnesses say.

Florida condominium owners saw their average home insurance rates jump by more than 50% in four years to almost $2,000. That far outpaced overall consumer inflation in South Florida — at a time the region had the highest inflation rate in the country.

Workers’ compensation insurance rates in Florida should decrease by an average 6.9% in 2026 under a proposal by the National Council on Compensation Insurance.

An analysis shows non-renewals are initiated by the insurers, spiking 280% in five years from 2018 to 2023, the highest in the U.S.

While wealthy coastal counties bear the brunt of landfalling storms, poor residents in inland counties are navigating an even bleaker insurance market that leaves them at risk of no coverage.

For the tens of thousands of homeowners in South Florida who rely on Citizens Property Insurance to cover their homes, Gov. Ron DeSantis' announcement of lower rates came as long hoped for relief last week. But WLRN's senior economics editor Tom Hudson explains there are also other factors at play when it comes to insurance premiums.

Nationwide, property insurance premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. Why is this happening? One common thread: Climate change is fueling more severe weather, and insurers are responding to rising damage claims.

Citizens Property Insurance policies continue to be significantly underpriced compared to private carriers, the company told state regulators. The insurer of last resort in Florida isn't meant to be competitive. But if it were, its average premium for regular homeowner's insurance would have to almost double.

A Broward commissioner is pushing Congress to pass legislation he says could lower insurance rates for Florida customers "immediately" — and by as much as 25%.

Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies.

As Florida’s insurance crisis makes hurricane hardening more important than ever, consumer advocates have pressed to reign in a popular — but controversial — loan program that allows homeowners to pay for new roofs or impact windows through their property tax bills.