property insurance

Florida taxpayer-owned Citizens Insurance is using unlicensed inspectors in a little-known program that is ramping up inspections, WLRN found. Homeowners and industry insiders say the move is alarming.

High premiums, on top of what already is an affordability crisis across the state, continues to drive up the cost of living and make homeownership more expensive and difficult to achieve. They will be addressed during a special session that starts today.

A key senator said he does not expect lawmakers to make major property-insurance changes during the 2024 legislative session, as they continue to watch the results of an overhaul passed last year.

Barrier islands like Key Biscayne — vulnerable to sea level rise and tropical storms — are in the eye of the property insurance crisis, with owners seeing huge premium hikes and policy cancelations.

Farmers is the latest insurance company to pull out of Florida. The moves leaves tens of thousands of customers facing the daunting task of finding new carriers.

Floridians are bracing for additional rate hikes as they are already paying higher monthly payments than homeowners in other states.

Florida lawmakers this week held a special session and passed a 105-page bill aimed at stabilizing the state’s troubled property-insurance system.

After 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.

The Florida House has passed sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.

The 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.

Next week, Florida lawmakers will try to fix the state's broken property insurance market outside the regular 60-day legislative session for the second time this year.

The hurricane that barreled into southwest Florida delivering catastrophic winds, rain and flooding is likely to further damage the insurance market in the state, which has strained under billion-dollar losses, insolvencies and skyrocketing premiums.