TALLAHASSEE — Changes to Florida laws — including a provision making it harder for policyholders to sue insurance companies — are working as intended to
Tag: homeowners insurance
Florida Hurricane Catastrophe Fund could pay out $4.6 billion
CBS News Miami Live TALLAHASSEE – A state program that provides critical backup coverage for property insurers could pay out an estimated $4.6 billion because
Hurricane Milton’s insurance impact on Facing South Florida
By Jim DeFede Updated on: October 13, 2024 / 9:31 AM EDT / CBS Miami Hurricane Milton’s impact in the midst of Florida’s insurance crisis
South Florida homeowners fear what’s next as Citizens Insurance confirms thousands will go to private insurers
MIAMI — Fear is growing among some homeowners in South Florida as Citizens Property Insurance Corp. confirms thousands of policyholders will go to private insurers.
Hurricane Helene insured losses in Florida near $1.14 billion
TALLAHASSEE – Estimated insured losses in Florida from Hurricane Helene continue to climb, nearing $1.14 billion on Wednesday. Data posted online by the state Office of
Analysis: Hurricane Milton poses “threat” to insurance market
TALLAHASSEE – Hurricane Milton “poses a significant threat to the Florida property insurance market,” particularly for insurers that focus their business on the state, the
Citizens Property Insurance to shed policies in December
TALLAHASSEE – Florida regulators have approved proposals by private insurers to take more than 300,000 policies in December from Citizens Property Insurance Corp., as the
Hurricane Helene insurance losses likely in billions
TALLAHASSEE — Hurricane Helene could cause $3 billion to $6 billion in private insurance losses and as much as $1 billion in losses in federal
Citizens’ policyholders could drop below 900,00 at end of year
CBS News Miami Live TALLAHASSEE – Expecting a surge of policies going to private insurers, the state’s Citizens Property Insurance Corp. could have fewer than
Florida regulators approve insurers to take Citizens policies
TALLAHASSEE — Florida regulators this week approved proposals that would allow private insurers to take more than 400,000 policies from the state’s Citizens Property Insurance