Florida lawmakers hold hearing into property insurance companies
Lawmakers held a hearing into whether property insurance companies were claiming massive losses while making big profits.
Insurance
The latest reporting from The Miami Metropolis.
Proposed bill could strip insurance from non-compliant condo buildings
The proposed measure would strip Citizens Property Insurance from condos that have not completed a required structural integrity reserve study (SIRS)
Insurance experts predict billions in California wildfire losses
Florida woman arrested for copycat insurance company threat
A Florida woman is being accused of threatening an insurance company, an apparent copycat attempt replicating points of the UnitedHealthcare CEO killing.…
Those without flood insurance could find themselves high and dry
More than 30 new Florida laws go into effect on Oct. 1
Morgan Rynor reports the new laws deal with everything from banning sleeping in public spaces to transparency about flood insurance during the…
South Florida condo owners facing crushing assessments
South Florida condo owners face escalating costs due to rising assessments and fees, pushing some to move away; legislators aim to address…
Citizens insurance considers 13.5% rate hike for homeowners with most common policy
The Citizens Property Insurance Corp. Board of Governors on Wednesday will consider a proposal that would lead to an average 13.5 percent…
Citizens Property Insurance Board of Governors will consider rate increases on Wednesday
Morgan Rynor reports the proposal would lead to an average 14 percent increase for all “personal lines” policies, which includes homeowners, condo-unit…
Citizens Property Insurance continues to shed polices to the private market
Private insurers pulled more than 275,000 policies last year from the state’s Citizens Property Insurance Corp. and have taken nearly 115,000 this…
Citizens Property Insurance is shedding policies to private insurers
Morgan Rynor reports Citizens has about 1.162 million policies, down from 1.18 million policies a week earlier.
South Florida driver claims State Farm not honoring insurance policy
A South Florida driver is one of many learning the hard way that just because you pay for full car insurance coverage,…
AAA not renewing home, car insurance policies for some Florida customers
It claims natural disasters, like hurricanes, have made the risk too costly.
Florida insurance crisis: CFO slams Farmers as ‘woke’ as it pulls out of state
The fallout continues after another major insurance company chose to pull out of Florida’s ailing property insurance market.
Homeowners insurance gets more expensive in Florida
Florida homeowners are paying more on average for insurance than in any other state in the country, according to the Insurance Information…
Citizens Property Insurance approves double digit rate hike
Leaders of the state-backed Citizens Property Insurance Corp. approved a proposal Wednesday that would raise average rates by 14.2 percent this year,…
Insurance company gives homeowner ultimatum to remove vines
Diego Caiola’s vines have landed him in a tangled mess with his homeowners insurance company, Citizens Insurance.
Florida lawmakers hoping to fix home insurance problem with massive $1 billion bill
A bill to fix Florida’s stormy home insurance problem passed the Florida House a day after it passed the Senate. What does…
Lawmakers tackle property insurance woes in special session
Florida lawmakers went back to Tallahassee in an effort to solve the state’s property insurance crisis.
Lawmakers to tackle skyrocketing insurance rates during special session
State legislators are being called back to Tallahassee for a special session to address skyrocketing insurance rates throughout the Sunshine State, though…
Citizens Insurance CEO On The Challenges To Come For Florida Homeowners
CEO of Citizens Property Insurance, Barry Gilway says South Florida homeowners can expect rates to increase soon.
As rent and housing prices soar in South Florida, many wondering if renting or buying is cheaper
The average rent is $2,800 a month. Compare that to $3,100 a month if you are buying a $350,000 house at the…
Florida House To Look At Two Measures To Stabilize Insurance Market
Joe Gorchow reports the Senate already passed the measures but there is no guarantee homeowner rate relief will be built into the…
Will week-long session help fix insurance crisis? Legislators are trying
Florida legislators are considering giving $2 billion in public funds to private insurance companies to set up a reinsurance fund and a…
Homeowners Are Being Dropped From Insurance Policies
Car Insurance In Florida Costs More Than Nearly Everywhere Else In US
In a dollar-for-dollar comparison, Florida drivers pay more than $2,700 a year for full coverage.
Flood Insurance To Go Under New Price System
Some homeowners will see an increase if you are having to pay for flood insurance.
Concerns Over Rising Insurance Rates
Homeowner insurance rates are going through the roof
Get ready! – Citizens Insurance gets 7.2% Rate Hike
