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These lawmakers from South Florida are proposing increasing the cap on the value of homes that state-run Citizens Property Insurance can cover in Monroe and Miami-Dade counties.
During Florida’s last insurance crisis in the early 2000s, state officials, including then-Gov. Jeb Bush, pushed Congress to create a national catastrophe fund to help communities across the ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
Citizens Property Insurance Corp. was established in 2002 to provide coverage to homeowners who are unable to find affordable insurance in the private market. However, the so-called "insurer of ...
Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...
TALLAHASSEE — While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across ...
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