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Enter the Florida Legislature, which passed a slew of reforms in December 2022 to crack down on litigation costs and limit the state's involvement in the property insurance market, including a ban ...
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]
The day before Hurricane Milton landed twisters in Palm Beach County — damaging 315 homes in a neighborhood about 15 miles from her house — Patricia Cramer went online to pay her insurance ...
The West Coast Florida city saw a 51% year-over-year home inventory increase, which contributed to the drop in listing prices. Median sale prices in the city dropped by 4.6% since March 2023 ...
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
In Australia, the Housing Industry Association publishes a Housing Affordability Index, [5] which is a "'purchase affordability' metric which is most representative of an individual owner occupier purchasing a home with a mortgage, although it is also indicative of conditions for others transacting in the housing market."
St. Lucie County was first in Florida and third in the U.S. for this year’s worst decline in housing affordability since 2005, according to a property and real estate data provider’s study.
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