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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]
Florida Peninsula began writing home insurance in Florida in April 2005. It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state through a network of 2,500 ...
Amid a statewide home-insurance crisis that has seen private insurance companies fail, cancel or stop writing policies, the number of homeowners covered by Citizens has ballooned, reaching 938,437 ...
TAMPA, Fla. (WFLA) — Florida homeowners are still grappling with high property insurance rates. There’s now more concern that Citizens could implement a 14 percent rate hike on renewals next year.
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.
How is the state addressing Florida’s home insurance problems? Citizens Insurance, which was designed by the state for homeowners to use as a backup plan, now owns 50 percent of the market share ...
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