-
Citizens Insurance is seeking a 14.2% rate increase. Mark Friedlander, of the Insurance Information Institute, says it could have been much higher if they weren't rate-restricted.
-
On The South Florida Roundup, we looked at the end of Medicaid's expansion as the federal government's public health emergency ends. We talked about Citizens Insurance's proposed rate hike for Florida and its potential effects in the state (19:42). We also talked about Florida's presence in the Final Four of the NCAA March Madness Tournament (39:23).
-
A 14.2 percent increase this year would require the approval of Florida's Office of Insurance Regulation before it could take effect.
-
A provision, included in a sweeping insurance bill passed late last year, will make flood insurance mandatory for any homeowners with hurricane wind policies from Citizens Insurance,
-
Health care navigators help people sign up for insurance plans available on the Affordable Care Act marketplace.
-
The U.S. endured 18 separate billion-dollar disasters in 2022, highlighting the growing damages of human-caused climate change.
-
After Florida lawmakers made changes in the insurance system that he described as “historic,” Citizens Property Insurance Corp. President and CEO Barry Gilway said Thursday he will retire. That will lead to transitions at two of the most-important parts of the Florida insurance industry.
-
Gov. Ron DeSantis signed bills intended to stabilize the insurance industry and provide $751.5 million for people and communities recovering from hurricanes.
-
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.
-
The proposal would create a $1 billion reinsurance fund. Lawmakers will also consider property tax relief for Hurricane Ian victims and highway toll reductions for frequent commuters.
-
Nearly 3.4 million people have signed up — an increase of 17% compared to the same time last year. The boost in enrollment comes as the number of uninsured Americans this year reached a historic low of 8%, according to HHS.
-
As Florida lawmakers try to stabilize the troubled property-insurance system next month, they could face worsening problems with reinsurance, a critical part of the system. Overall reinsurance prices are expected to increase by more than 10 percent in 2023, due to disasters such as Hurricane Ian and “increasing frequency and severity of natural catastrophe claims.”