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Home insurance costs are expected to rise by 40% in Florida in 2023; state governments have some power to limit those hikes, or to make cheaper government insurance available, but they cannot ...
A vulnerability in Florida's property insurance market — finger-pointing over whether water damage was caused by flood inundation or breaches in the structure that let rain through — is likely ...
State reports show insurance companies in Florida were showing healthy net income and underwriting gains in the storm-free years between 2012 and 2015. But then Hurricane Matthew hit in 2015, and ...
As of October 2023, new insurance companies have been approved by the state to offer homeowners insurance in Florida. Slide Insurance, TypTap Insurance and others made offers to over 150,000 ...
It shows Florida’s new legislative leaders understand the enormity of the state’s property insurance crisis and are initiating decisive actions to create a path toward stability of the market.”
The news about Florida's property insurance market is not particularly sunny these days. Headlines are full of insurers pulling out of the state, premiums shooting up, and homeowners with ...
On June 11, the National Hurricane Center (NHC) began monitoring a trough of low pressure over the Eastern Gulf of Mexico that was expected to produce heavy rainfall over the state of Florida. [3] Later that day, it was designated as Invest 90L, allowing for greater monitoring of the system. [4] [5] The invest then moved over Florida. [6]
Two Florida lawmakers blame insurance companies — not new state law — for helping to fuel a condo crisis that has hit owners with rising fees and assessments in high-rise buildings.