BREAKING NEWS
From repairs to insurance, Trump's auto tariffs could make owning a car more expensive
Read full article: From repairs to insurance, Trump's auto tariffs could make owning a car more expensiveEven if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive.
Study says 1 in 3 U.S. drivers are uninsured or underinsured
Read full article: Study says 1 in 3 U.S. drivers are uninsured or underinsuredA new study from the Insurance Research Council revealed that one in three drivers in the U.S. are either uninsured or underinsured. The data shows a 10% increase in the number of such drivers since 2017, and in Florida, the situation is even worse.
New bills target soaring Florida property insurance and housing costs. But experts warn it could backfire on homeowners
Read full article: New bills target soaring Florida property insurance and housing costs. But experts warn it could backfire on homeownersWith skyrocketing property insurance and the cost of housing among the biggest concerns for Floridians, two Republican lawmakers recently introduced a couple of bills aimed at giving relief to homeowners. However, some experts say that if approved, the bills might have the opposite effect.
‘The increase is substantial’: Rising home replacement costs cause concerns for Florida homeowners
Read full article: ‘The increase is substantial’: Rising home replacement costs cause concerns for Florida homeownersAccording to a new study from the Insurance Information Institute (Triple-I), the cost to rebuild a home has surged by 55% from 2019 to 2022—nearly four times the rate of inflation. This means many homeowners in Florida may no longer have enough insurance to fully cover the cost of rebuilding their homes in the event of a disaster.
Private insurers approved to take more Citizens Property Insurance policies in 2025
Read full article: Private insurers approved to take more Citizens Property Insurance policies in 2025Homeowners’ insurance policies appear poised to continue flowing out of the state’s Citizens Property Insurance Corp. in 2025.
The cost of Florida home insurance is stabilizing. Here’s when homeowners could start saving money
Read full article: The cost of Florida home insurance is stabilizing. Here’s when homeowners could start saving moneyThe cost of home insurance in Florida was a hot topic at this year’s Florida Chamber of Commerce Insurance Summit in Orlando.
New competition in Florida’s insurance market brings hope for lower premiums
Read full article: New competition in Florida’s insurance market brings hope for lower premiumsChristmas is fast approaching, but there’s one unexpected gift homeowners might unwrap early this season: lower property insurance premiums.
Citizens Property Insurance is seeing a decrease in policy count. Why experts say this is a ‘huge step toward stability’
Read full article: Citizens Property Insurance is seeing a decrease in policy count. Why experts say this is a ‘huge step toward stability’Property insurance experts say Florida homeowners have reason to be hopeful about future insurance costs.
Citizens Property Insurance denied 77% of Florida homeowners’ claims from Hurricane Debby, new data shows
Read full article: Citizens Property Insurance denied 77% of Florida homeowners’ claims from Hurricane Debby, new data showsCitizens Property Insurance denied 77% of homeowners claims from Hurricane Debby, according to new data from the Allbritton Journalism Institute.
Hurricanes Helene, Milton could bring rising home, auto insurance rates for Floridians
Read full article: Hurricanes Helene, Milton could bring rising home, auto insurance rates for FloridiansThe aftermath of Hurricanes Helene and Milton is still being assessed, and early estimates suggest that the financial impact could be felt by Florida residents in more ways than one.
New insurer enters Florida’s property insurance market amid growing ‘stability’
Read full article: New insurer enters Florida’s property insurance market amid growing ‘stability’Another insurance company has decided to enter Florida’s property insurance market, a move expected to boost competition and offer more options for Floridians.
Florida insurance market in best position in nearly a decade, but homeowners in North Florida still paying more
Read full article: Florida insurance market in best position in nearly a decade, but homeowners in North Florida still paying moreIn Duval, Clay, St. Johns, and Nassau counties, property insurance premiums rose by an average of 13.5% from 2023 to 2024.
Citizens Property Insurance board approves 14% price increase for policyholders
Read full article: Citizens Property Insurance board approves 14% price increase for policyholdersIn a unanimous vote Wednesday morning, the Citizens Board of Governors approved a 14% price hike for policyholders -- covering single family homes, condominiums, mobile homes and rental properties.
Insurance expert explains how property insurance companies use drones for roof inspections
Read full article: Insurance expert explains how property insurance companies use drones for roof inspectionsFor years, property insurance companies have used drones to inspect property damage after a natural disaster.
Florida Democrats sound the alarm as hurricane season collides with property insurance, affordable housing crises
Read full article: Florida Democrats sound the alarm as hurricane season collides with property insurance, affordable housing crisesFloridians are in the midst of hurricane season and a property insurance crisis.
Unexpected victims of Florida’s property insurance crisis: Assisted living facilities and nursing homes
Read full article: Unexpected victims of Florida’s property insurance crisis: Assisted living facilities and nursing homesSome assisted living facilities and nursing homes have been forced to close due to escalating operating costs tied to Florida’s skyrocketing property insurance rates, according to data from Bloomberg.
New report shows the cost of car insurance jumped nearly 2% in April. Here are some ways to save
Read full article: New report shows the cost of car insurance jumped nearly 2% in April. Here are some ways to saveA new report from the Labor Department shows nationwide the cost of auto insurance jumped nearly 2% in April, bringing the total annual gain to over 22%.
How much do you pay?: There’s conflicting data on how much the average Florida resident pays for property insurance
Read full article: How much do you pay?: There’s conflicting data on how much the average Florida resident pays for property insuranceFlorida’s Office of Insurance has stated the average homeowner’s property insurance premium in the market is approximately $3,600, but other insurance data experts report higher premiums.
With Florida’s property insurance market stabilizing, experts fear an active hurricane season could reverse ‘momentum’
Read full article: With Florida’s property insurance market stabilizing, experts fear an active hurricane season could reverse ‘momentum’Florida’s property insurance market is showing signs of stabilization, according to the president of the Florida Senate. However, experts fear that an “explosive Atlantic hurricane season” predicted for this year could pose a threat to that positive trend.
Florida lawmakers introduce new bill that could save money on flood policies, attract homeowners
Read full article: Florida lawmakers introduce new bill that could save money on flood policies, attract homeownersFlorida lawmakers introduced a new bill that could save customers money on flood policies and encourage more homeowners to get insurance.
Priced Out: 1 in 3 Floridians who get dropped by their homeowners insurance company are choosing to move: study finds
Read full article: Priced Out: 1 in 3 Floridians who get dropped by their homeowners insurance company are choosing to move: study findsOne in three Floridians who get dropped by their homeowner’s insurance company have moved or plan to move somewhere else.
Could the hyperactive hurricane season prediction impact Florida’s property insurance rates?
Read full article: Could the hyperactive hurricane season prediction impact Florida’s property insurance rates?Colorado State University’s (CSU) preseason hurricane forecast could potentially have a detrimental effect on Florida’s property insurance rates.
2 private Florida insurance companies want to increase premiums by more than 53%
Read full article: 2 private Florida insurance companies want to increase premiums by more than 53%The Florida Office of Insurance Regulation will hold public hearings next week to determine if two private insurance companies can increase their premiums by more than 53%.
Rising cost of home insurance shows alarming trend: an increase in owners not insuring their homes
Read full article: Rising cost of home insurance shows alarming trend: an increase in owners not insuring their homesThe rising cost of home insurance has prompted some families to leave Florida and also led to an increase in homeowners deciding not to insure their homes, citing the high price of premiums.
Approval of thousands of property insurance policies taken from Citizens means ‘good news’ for Florida, experts say
Read full article: Approval of thousands of property insurance policies taken from Citizens means ‘good news’ for Florida, experts sayFlorida property insurance experts say the approval of four insurance companies to take as many as 125,000 policies from Citizens Property Insurance is another sign the state is headed in the right direction.
1 year after Hurricane Ian: Residents, businesses still recovering from devastating storm
Read full article: 1 year after Hurricane Ian: Residents, businesses still recovering from devastating stormThursday marks one year since Hurricane Ian made landfall in Southwest Florida as a category 5 hurricane, and to this day, residents and businesses hit the hardest are still recovering from the deadliest storm to hit the state since 1935.
Another major Florida hurricane threatens to worsen property insurance market, add ‘Hurricane Tax’ for policy holders
Read full article: Another major Florida hurricane threatens to worsen property insurance market, add ‘Hurricane Tax’ for policy holdersAs a major hurricane, Idalia not only threatens the lives of Floridians but also the progress of Florida’s property insurance market that was already in crisis.
5 Florida companies working to take over nearly 200,000 policies from Citizens Property Insurance
Read full article: 5 Florida companies working to take over nearly 200,000 policies from Citizens Property InsuranceProperty Insurance experts are calling it a step in the right direction, in helping consumers in the state of Florida who have been rocked by the home insurance crisis.
Property insurance crisis disrupting Florida real estate market as buyers struggle to get policies
Read full article: Property insurance crisis disrupting Florida real estate market as buyers struggle to get policiesIt continues to be a hot topic in Florida: The property insurance crisis that’s resulted in skyrocketing premiums for homeowners and more than a dozen insurance companies that have stopped writing policies in the state.
2 more property insurance companies scaling back in Florida just 2 weeks into hurricane season
Read full article: 2 more property insurance companies scaling back in Florida just 2 weeks into hurricane seasonTwo weeks into hurricane season, and two property insurance companies in Florida are scaling back policy coverage, citing their vulnerability to natural disasters like hurricanes and flood.
Insurance group meant as last resort in Florida issued more than 1 million policies in 2022
Read full article: Insurance group meant as last resort in Florida issued more than 1 million policies in 2022As more private insurers are dropping customers and raising their rates, the number of policies Citizens Property Insurance Core has issued has doubled over the last two years.
Lawmakers’ solution to property insurance ‘crisis’ won’t solve issues right away, expert says
Read full article: Lawmakers’ solution to property insurance ‘crisis’ won’t solve issues right away, expert saysInsurance experts are calling it the most groundbreaking property insurance reform legislation ever introduced in the state of Florida.
New tax incentive aims to make homes more resilient to storms, provide opportunity for owners to save on insurance
Read full article: New tax incentive aims to make homes more resilient to storms, provide opportunity for owners to save on insuranceStarting this summer, the home hardening incentive removes sales tax from storm resistant windows, exterior doors and garage doors.
Prepare yourself for this hurricane season
Read full article: Prepare yourself for this hurricane seasonIn the last conversation Rance had with Mark Friedlander from the Insurance Information Institute, they chatted about what people need to do to prepare for storms. This one focuses on the insurance aspect of hurricane prep. Do you have enough coverage for your whole house at today’s prices? You might have coverage for your home at $300K, but it might have a new appraisal at $325. You would be responsible to cover any expenses above the original $300K. They discuss the auto insurance needed in case your car is damaged in the storm.
How to efficiently prep for hurricane season
Read full article: How to efficiently prep for hurricane seasonHurricane season officially started and the Jacksonville community needs to be prepared…just in case. Mark Friedlander from the Insurance Information Institute chatted with Rance about steps people need to take to ensure they are ready in case a major storm passes through the area. Make sure you store at least 14 days of non perishables which include water, some food items, medicines and pet supplies. Every year, a tax free hurricane shopping event is open to the public. This year’s event has been expanded to two weeks from May 28th to June 10th.
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Preparing For A Hurricane! | River City Live
Read full article: Preparing For A Hurricane! | River City LiveIt’s the time of year, many Floridians dread…Hurricane season! While it doesn’t officially start until June, the time to prepare is now. Last year, actual storms exceeded predictions by 15. This year, an above average number of storms is also predicted. Though the specter is always unknown until it actually happens, there are many steps that should be considered to make sure you are not left in a lurch if Mother Nature unleashes her fury. Rance Adams spoke with Mark Friedlander from the Insurance Information Institute about Hurricane Preparedness Week and things you can do to be ahead of the curve.
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How to Prepare Yourself For A Hurricane | River City Live
Read full article: How to Prepare Yourself For A Hurricane | River City LiveIt’s the time of year, many Floridians dread…Hurricane season! While it doesn’t officially start until June, the time to prepare is now. Last year, actual storms exceeded predictions by 15. This year, an above average number of storms is also predicted. Though the specter is always unknown until it actually happens, there are many steps that should be considered to make sure you are not left in a lurch if Mother Nature unleashes her fury. Rance Adams spoke with Mark Friedlander from the Insurance Information Institute about Hurricane Preparedness Week and things you can do to be ahead of the curve.