Florida House members Friday began digging into questions about property-insurance companies sending money to affiliated firms and shareholders while arguing the industry was losing money.
Tag: homeowners insurance
Proposed change to Citizens Insurance could help Miami-Dade, Keys homeowners
CBS News Miami Live A Senate Republican has proposed a change that could lead to more homeowners in Miami-Dade and Monroe counties being eligible for
Gov. DeSantis announces rate cuts for many South Florida Citizens Insurance customers
CBS News Miami Live TALLAHASSEE — Gov. Ron DeSantis on Wednesday said that many South Florida customers of the state’s Citizens Property Insurance Corp. will
Three private insurers OK’d to assume 160,00 Citizens policies
TALLAHASSEE — Homeowners’ insurance policies appear poised to continue flowing out of the state’s Citizens Property Insurance Corp. in 2025. The latest indication came Monday,
Insurance market rebounds ‘from brink of collapse,’ Citizens boss says
TALLAHASSEE — Changes to Florida laws — including a provision making it harder for policyholders to sue insurance companies — are working as intended to
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