Showing Results for: property insurance

On Wednesday, new property insurance prompt-pay laws go into effect, getting you your money faster and more efficiently.

Citizens Property Insurance opened a satellite location on Fort Myers Beach to bring insurance help right to people who are in a tough spot. In the middle of all the destruction, they’re nestled in the shade under the Bayfront Bistro and behind Publix. But, they’re gone in a couple of hours because not many people […]

The Florida Senate on Tuesday approved a sweeping legislative package meant to combat rising property insurance rates and other problems in the state’s turbulent insurance market, creating a $2 billion reinsurance fund and writing new rules around coverage denials and attorney fees. The Republican-controlled Senate approved the legislation after hours of debate. The proposals now […]

Florida’s property insurance crisis has always been complex and usually not beneficial to the masses. Now Hurricane Ian could do even more damage to your insurance premiums.

Many homes are still damaged nearly seven months after Hurricane Ian, with their owners struggling with the claims process so they can be made whole. Now the state hopes a series of insurance villages in Southwest Florida can help bridge that gap.

Florida lawmakers are scheduled to meet Monday to consider ways to shore up the state’s struggling home insurance market in the year’s second special session devoted to the topic. Lawmakers are considering legislation to help keep private insurers solvent by creating a $1 billion reinsurance fund, reducing litigation costs and compelling some customers out of […]

“We have the opportunity and indeed the responsibility to swing for the fences so that we can ensure Florida remains number one,” DeSantis said.

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 […]

“Florida stepped up in times of crisis. In September, Hurricane Ian smashed into Southwest Florida and barreled across our state. It left catastrophic damage in its wake,” said Governor Ron DeSantis at a March 2023 press conference. Also in Ian’s wake—Florida’s property insurance reform. It’s creating a groundswell of fear among homeowners that lawmakers are […]

Florida has taken action to back up property insurance companies facing a downgraded rating in an effort to help thousands of homeowners comply with mortgage requirements rather than being forced to seek new policies. The state-created Citizens Property Insurance Corp. will provide reinsurance for 17 companies that the rating company Demotech has said will be […]