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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.
TELL US: How much has your homeowner’s insurance increased, how has it affected you and your family?
Read full article: TELL US: How much has your homeowner’s insurance increased, how has it affected you and your family?The homeowners insurance industry is in crisis in Florida. Homeowners are getting dropped by their insurance companies, forcing them to pay for Citizens Property Insurance.
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Governor to sign homeowner’s insurance reform; rates still expected to rise
Read full article: Governor to sign homeowner’s insurance reform; rates still expected to riseGov. Ron DeSantis has said he will sign a new law that aims to address skyrocketing homeowners insurance rates by reducing litigation, but part of the deal also allows Florida’s insurer of last resort to raise rates year over year at a higher pace than in the past.