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Lawmakers in 2022 and 2023 passed measures aimed at stabilizing the state’s insurance market as insurance companies fled the state and policyholders saw premiums skyrocket.
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State insurance officials have issued orders to protect policyholders impacted by Hurricanes Helene and Milton
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Citizens Property Insurance Corporation says it's strong financially, can handle hurricane claims
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The hearing is titled “Riskier Business: How Climate is Already Challenging Insurance Markets”
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Florida taxpayer-owned Citizens is using unlicensed inspectors in a little-known program that is ramping up inspections, WLRN found. Homeowners and industry insiders call it alarming.
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Lawmakers during a special session in December passed wide-ranging changes to try to shore up the insurance market.
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State leaders have long sought to move policies out of the state-backed Citizens Property Insurance and into the private market.
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Farmers is the latest insurance company to pull out of Florida. The moves leaves tens of thousands of customers facing the daunting task of finding new carriers.
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A financial ratings agency says an analysis indicates insured losses from Hurricane Ian could range from $25 billion to $40 billion, putting additional pressure on Florida’s troubled property-insurance market.
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State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.