News
As Florida property insurance crisis eases, here are key efforts to lower rates
1+ mon, 2+ week ago (153+ words) Florida lawmakers are considering new bills to lower property insurance costs, despite leaders declaring the market stabilized. One bill seeks to increase oversight of insurers' profit-sharing ... As Florida property insurance crisis eases, here are key efforts to lower rates A…...
Oklahomans voice mixed reactions to State Farm hail lawsuits. 'We were furious'
3+ mon, 1+ week ago (323+ words) State Farm faces more than 200 lawsuits alleging it operated a nationwide scheme to underpay homeowners for hail damage. A recent report from Oklahoma Watch details one Oklahoma family that received a $1,400 offer for a roof that ultimately cost over $20,000 to…...
Why would Florida insurance company consider expansion into California?
1+ mon, 1+ week ago (141+ words) 2025's California wildfires were the costliest natural disaster in U.S. history and the results have a Florida insurer researching an expansion there. Why would Florida insurance company consider expansion into California? Florida Peninsula Insurance, the state's 10th-largest property insurer, is mulling…...
After significant insurance rate cuts, Citizens rates to drop even more
2+ mon, 2+ hour ago (122+ words) After significant insurance rate cuts, Citizens rates to drop even more'The Palm Beach Post After significant insurance rate cuts, Citizens rates to drop even more Governor Ron DeSantis says a significant insurance rate relief is on the way as the…...
Condo owner leaves thermostat high, now there's mold. Who pays?
2+ mon, 2+ week ago (205+ words) The situation that you describe is very common. Many people whose primary home is in a northern state are unaware that air conditioning in Florida is not just for comfort " it is your primary line of defense against mold. The…...
Here's what to know about the government shutdown's effect on national flood insurance
5+ mon, 1+ week ago (526+ words) Amid a government shutdown over a standoff between Democrats and Republicans about funding health insurance, the federal insurance that protects Floridians from flood damage has been frozen." The required congressional authorization for the National Flood Insurance Program that covers 1.8 million…...
Big Florida home insurers are fleecing disaster survivors — and the rest of us | Opinion
6+ mon, 4+ week ago (618+ words) The nation's largest home and auto insurance companies say we can trust them, but lately they're behaving far more like villains than heroes. As the climate crisis intensifies, big insurance companies are protecting their bottom line instead of policyholders. They're…...
Florida property insurer gets state OK for 31% rate hike. Does it affect you?
5+ mon, 1+ week ago (129+ words) Florida's Trusted Resource Underwriters Exchange (TRUE) received approval for a 31.5% rate hike on property insurance. The increase, averaging $1,357, affects nearly 20,000 policyholders and is ... Florida property insurer gets state OK for 31% rate hike. Does it affect you? Property insurance in Florida…...
Suspending flood insurance would impact Florida, and its real estate, disproportionately,
5+ mon, 2+ week ago (108+ words) The program insures more than 1.8 million policyholders across Florida. The looming federal government shutdown will cause problems for it. Suspending flood insurance would impact Florida, and its real estate, disproportionately, The National Flood Insurance Program is currently being held hostage…...
Hurricane season and insurance: Citizens insurance 2025 rate changes, who pays more, less
6+ mon, 1+ day ago (728+ words) If you're a Florida homeowner, there are likely two main things top-of-mind for you during the fall months: home insurance prices and hurricanes. Florida's home insurance market is slowly stabilizing after a years-long homeowners insurance crisis, but it remains one…...