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Its geography makes Florida, a low-lying peninsula jutting out into hurricane-prone waters, a hard place to insure under any circumstances. Of the $165 billion in natural disaster–caused damage ...
Cate Deventer. April 22, 2024 at 8:00 AM. In 2022, the Florida home insurance market spent months tumbling toward collapse, but legislation was put in place to help mitigate disaster. These laws ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
In North Carolina, state officials had proposed a 42% rate increase in homeowner insurance that was rejected by the state’s insurance commissioner as “excessive and unfairly discriminatory.”
Data from Citizens, the state-chartered property insurer of last resort for homeowners who can’t find coverage in Florida’s shaky home insurance market, show the company dropped 2,267 policies ...
SB 1070/HB 809: Personal Lines Residential Property Insurance Sponsors: Sen. Ileana Garcia, R-Miami, and Rep. Alina Garcia, R-Miami Like SB 802/HB 655, this proposal would reduce premiums by ...
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