Showing Results for: homeowners insurance

On Tuesday, Lee County commissioners approved $4 million in grant money from the state so that organizations can rebuild homes in low-income areas damaged by Hurricane Ian. One of the groups getting a large chunk of the money—$2.5 million— is Habitat for Humanity. WINK News spoke to one Harlem Heights homeowner, Henny Frederick, who could […]

Florida’s property insurance crisis just went from terrible to disastrous, according to some insurers. Companies may not have what they need to get through hurricane season which means more can lose their coverage. “We have the potential of a massive failure of Florida insurers, probably the worst on record, not only in Florida. But in […]

The loss of homeowners insurance is a growing crisis in Florida and if you are not affected yet, you may soon be. 78,000 homeowners insurance policyholders are losing their coverage because Southern Fidelity Insurance will be liquidated. It’s the fourth Florida insurance provider to fail this year and the first since state lawmakers met to […]

Day two of the Florida legislative special session on property insurance has come to a close, but don’t expect how much you pay to change any time soon. Experts believe the proposed legislation doesn’t go far enough to protect homeowners. One of the big issues experts say is not being addressed is the amount homeowners […]

With months left of Hurricane Season 2023, about 16 percent of Hurricane Ian homeowners insurance claims are still open according to data through June 28 from the Florida Office of Insurance Regulation. One Cape Coral homeowner reached a settlement with his insurance company but claims the final check still hasn’t reached his house.

There is a new effort to get homeowners insurance costs down. Democratic Representative Charlie Crist is proposing a new bill called the FAITH Act, or the Fueling Affordable Insurance for Homeowners Act. “The reason for it is the horrible property insurance situation Floridians are dealing with right now,” said Crist. We’ve seen it here in […]

The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs, and major storms. The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer. It also would force insurers to respond […]

One woman worries the long struggle with her now insolvent insurance company to get her animal sanctuary repaired will force her to close.

Homeowner’s insurance companies are raising rates, dropping clients, or moving out of Florida. Now, lawmakers are considering a plan to get the rates under control. Fraud and frivolous lawsuits are forcing insurance companies from servicing Florida homeowners, and that is according to the insurance companies. On Tuesday, Lighthouse Property Insurance announced that it would stop […]

Florida lawmakers last week made changes that will provide “much-needed relief” in the troubled property-insurance system, but the effects of the legislation won’t be immediate, the AM Best financial-rating agency said in a new report. The report pointed to parts of the new law designed to curb litigation, which insurers have long blamed for driving […]