Nearly a million Floridians have moved to the private property-insurance market as home and auto insurance costs drop after the 2023 reforms.
Florida homeowners now pay an average of $5,838 a year to insure their homes, the third highest in the nation. In parts of the Keys, premiums top $18,000.
An eye-popping increase in one property insurer’s rates — a Tampa insurer received state approval for a 31% rate bump — isn’t a replay of when rates routinely showed annual double-digit jumps earlier ...
News is everywhere that Florida’s property insurance market is stabilizing and rates are finally dropping after a storm-filled 2017-2024 period, supercharged by the nation’s most litigious claims ...
ORLANDO, Fla. — After years of soaring premiums and insurers leaving the state, Florida’s property insurance crisis is finally showing signs of a turnaround. Monday, Governor Ron DeSantis said rate ...
Florida property insurers are keeping secrets. Empowered by industry-friendly state statutes and court rulings, they’re blocking access to information about how their firms set premiums, handle ...
Two new property insurers received approval to operate in Florida this year, according to recent filings, showing that the state is solidly recovering from the crisis that nearly caused its private ...