News
Flood insurance costs are rising. Florida keeps paying, other states drop it
3+ mon, 2+ day ago (933+ words) A for sale sign posted in a flooded area of Holiday Acres Mobile Home Park in Hialeah after an intense rainstorm in June 2024. The program that funds flood insurance is in peril because people in states outside Florida are dropping…...
What’s the Florida Legislature doing about property insurance? | Column
2+ week, 4+ day ago (311+ words) What's the Florida Legislature doing about property insurance? | Column'Tampa Bay Times Florida homeowners now pay an average of $5,838 a year to insure their homes, the third highest in the nation In parts of the Keys, premiums top $18,000 In Clearwater and…...
Here’s how Florida property insurers keep secrets from us — with the state’s help
3+ week, 3+ hour ago (1178+ words) Here's how Florida property insurers keep secrets from us " with the state's help'Tampa Bay Times Florida property insurers are keeping secrets.Empowered by industry-friendly state statutes and court rulings, they're blocking access to information about how their firms set premiums,…...
With storms getting stronger, only 6% of Central Floridians have flood insurance
6+ mon, 3+ week ago (743+ words) Angel Garavito, 15, walks down a flooded street in the Orlo Vista neighborhood of Orlando in this 2017 photo. An alarming low number of homes in central Florida have flood insurance, experts say....
State fines property insurers over handling of hurricane claims
6+ mon, 3+ week ago (234+ words) St. Petersburg Fire and Rescue responds to a call of a fire in a house on a flooded street in Shore Acres in the aftermath of Hurricane Idalia in 2023. The state has fined multiple insurers over violations of claims-handling laws…...
Florida pulls back $2.1 billion in reinsurance money expected to go unused by companies
8+ mon, 2+ week ago (405+ words) TALLAHASSEE " As Florida lawmakers in 2022 tried to bolster the troubled property insurance system, they drew attention for setting aside $3 billion in state money to help insurers with critical ......
Florida fines insurer $100,000 over handling of Hurricane Ian claims
10+ mon, 1+ week ago (167+ words) A property insurer has been hit with a $100,000 fine because of claims handling violations after 2022s Hurricane Ian, according to a newly posted agreement on the state Office of Insurance Regulation website. The agreement, known as a consent order, came after…...
As the insurance crisis spiraled, did Florida bury consumer complaints?
11+ mon, 2+ week ago (1216+ words) TALLAHASSEE " In an extraordinary criticism of one state agency by another, Florida's Office of Insurance Regulation told legislators that a department led by then-Chief Financial Officer Jimmy Patronis may have buried thousands of complaints Floridians made against property insurance companies....
$50 million pay package for Tampa insurance company’s leading executives draws criticism
9+ mon, 2+ week ago (1549+ words) Slide Insurance CEO and founder Bruce Lucas has come under criticism yet again. Lucas and his wife, the company's chief operating officer and chief risk officer, earned $50.3 million during the second and third years after building Slide on policies transferred…...
Florida homeowners use this insurance to save money. Agents say ‘be careful.’
11+ mon, 1+ week ago (1027+ words) Stressed by rising home insurance prices? Some insurers and agents are offering a way for clients to save substantial amounts of money off their insurance premiums, and data shows more homeowners are ......