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insurance

Homeowner's insurance property insurance

The cost of reinsurance in Florida declines

Florida property insurers found better prices and more availability when purchasing reinsurance coverage.
Citizens Property Insurance

More than 1.2 million Floridians still have Citizens Property Insurance

The state’s Citizens Property Insurance Corp. topped 1.211 million policies last week, as it continued to add thousands of customers.
homeowner's insurance

Citizens Property Insurance supports rate hikes for its customers

Citizens Property Insurance Board of Governors backed a proposal for customers to see double-digit rate increases in 2025.
Citizens Property Insurance

A U.S. Senate committee looks at insurance, including Florida’s Citizens Property Insurance

The U.S. Senate Budget Committee will hold a hearing Wednesday about how climate change is affecting insurance markets.
Hurricane Idalia storm surge Gulfport Florida wmnf

Citizens Property Insurance adds policies before the storm season

Florida's Citizens Property Insurance Corp. added nearly 5,000 policies last week,
homeowner's insurance

The policy count goes down for Florida’s Citizens Property Insurance

Citizens Property Insurance had a nearly 13,000-customer decrease last week as private insurers could take policies through “depopulation.
homeowner's insurance

Citizens Property Insurance approves reinsurance coverage

Florida’s Citizens Property Insurance approved spending as much as $750 million on reinsurance for backup coverage before hurricane season.
storm warnings and watches Lee County

A property insurance company will pay a $1 million fine over mishandling claims after Hurricane Ian

An order says that Heritage Property & Casualty Insurance violated claims-handling requirements following Hurricane Ian.
storm warnings and watches Lee County

Hurricane Ian insured losses exceed $21 billion in Florida

Estimated insured losses from 2022’s Hurricane Ian have neared $21.4 billion, with about 6 percent of claims remaining open,
teacher in class

Education and insurance bills are sent to the Florida governor

A bill limiting teacher preparation programs and one moving policies out of the state’s Citizens Property Insurance have been sent to Florida Gov. DeSantis.
homeowner's insurance

Florida Peninsula Insurance Company will lower rates by an average of 2 percent

Florida lawmakers and insurance industry officials say changes, such as steps to reduce costly litigation, are helping the market rebound.
homeowner's insurance

Citizens Property Insurance touts that private companies are taking over its policies

Private insurers pulled more than 275,000 policies last year from Florida’s Citizens Property Insurance and nearly 115,000 this year,

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