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What to do with high Florida property taxes and property insurance? Republican Representative Anne Gerwig and Democratic Senator Lori Berman spoke with constituents at a bipartisan forum in Palm Beach County.
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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.
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The program will not give grants to anyone who exceeds the moderate income, and low-income applicants now need to show proof of homeowners insurance.
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Longtime U.S. Rep. Frederica Wilson introduced a bill in Congress this week to help stabilize the troubled property insurance market and help homeowners nationwide, especially in Florida, with a growing and costly pocketbook issue.
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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.
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The insurance turmoil caused by climate change — which had been concentrated in Florida, California and Louisiana — is quickly spreading to the Midwest.
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Insolvency means that a company cannot pay its bills today. That’s not so for Citizens Property Insurance Corp., Florida’s state-backed insurer.
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A look at the economic impact of the Florida PACE funding program, which gives commercial and residential property owners financial options for energy efficient and hurricane resistant home improvements.
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Florida Insurance Commissioner Michael Yaworsky provides tips to Floridians who face challenges with homeowners insurance.
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Florida leaders have long sought to shift policies from Citizens into the private market, in part because of financial risks if the state gets hit by a major hurricane or multiple hurricanes.
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Gov. Ron DeSantis has signed multiple bills that could lead to lower premiums in the future. For now, Florida homeowners face the highest insurance bills.
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AAA says it won’t renew a small percentage of homeowner and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the state.