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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 ...
In late July 2022, Demotech sent preliminary letters to 27 Florida-based insurance companies warning that its FSR could drop from an A (Excellent) rating to S (Substantial) or M (Moderate). One ...
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 ...
Purple is one of the least used colors in vexillology and heraldry. Currently, the color appears in only four national flags: that of Dominica, Spain, El Salvador, and Nicaragua, and one co-official national flag, the Wiphala (co-official national flag of Bolivia ). However, it is also present in the flags of several administrative subdivisions ...
As inflation drives up construction costs and property values, Citizens Property Insurance Corp. has started canceling the policies of some homeowners across Florida because the estimated price of ...
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