The policy count at the state’s Citizens Property Insurance Corp. has dropped to its lowest level in six years — and is headed toward the smallest number ever.
A panel of insurance and tech officials told the Florida House Insurance & Banking Subcommittee that insurers are using artificial intelligence in a variety of ways, including in claims handling, and tried to dispel concerns that the technology could be misused.
Authorization for the largest residential flood insurance program in the U.S. is set to expire at the end of Tuesday.
When hurricanes strike, seconds can mean the difference between life and death. That’s why a Central Florida inventor is pushing to change the way homeowners protect their families - and fighting for his right to compete in the state’s multibillion-dollar mitigation program.
Florida regulators this week approved proposals by three insurers to take as many as 135,540 policies in June from the state’s Citizens Property Insurance Corp., as some carriers use the process of assuming Citizens policies to help fuel growth.
The Florida House bill would shift property insurance lawsuits to a “loser pays” fee system. If a policyholder sues an insurer, the judge would award attorney fees to whichever side prevails in the case. The 2022 property insurance bill shielded insurers from paying customer attorney fees.
A House panel on Tuesday unanimously signed off on a proposal that would make further changes to condominium safety laws requiring inspections of older buildings and adequate reserves for repairs.
With House Speaker Daniel Perez pointing to an “age of disruption,” Florida Republican legislative leaders opened the 2025 session on Tuesday by voicing support for digging into government spending.
A recent poll from a Florida business group suggests state residents are most concerned with the cost of insurance and the pressures of inflation above all else.
The state’s Citizens Property Insurance Corp. last week shed about 100,000 policies, with its number of customers dropping to the lowest total in nearly three years.
After Hurricane Helene and Hurricane Milton pounded Florida’s Gulf Coast last year, the Federal Emergency Management Agency is borrowing $2 billion to pay National Flood Insurance Program claims.
According to experts, Florida’s home insurance industry is getting better. But they are watching the impact the California wildfires could have on the reinsurance market.
Fiscal belt-tightening is coming in Tallahassee, according to Florida’s new legislative leaders who took their oaths of office Tuesday.
If your property insurance was canceled or not renewed in the last month or so, or is scheduled to be canceled in the next month, the Florida Office of Insurance Regulation wants to hear from you.
Viewers say insurance costs, particularly property and auto insurance, but also health insurance were a top issue informing their vote this election in Florida. So what do the candidates for the Florida House and Senate think about insurance policy in the state?
Preparing for a hurricane involves removing patio furniture, preparing windows and building a hurricane kit. You should also prepare to file an insurance claim too, just in case.
In crisis for years, Florida's troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation.
While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.
Florida's troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation and the Chief Financial Officer.
In crisis for years, Florida’s troubled property insurance market is showing small signs of improvement, according to the state Office of Insurance Regulation.
A bill headed to Gov. Ron DeSantis would put new money in the coffers of a popular Florida program to help homeowners pay for hurricane-related home improvements.
A tax package that began moving forward Tuesday in the Senate and a revised tax proposal in the House could provide some assistance to homeowners with property-insurance costs.
Florida is the most expensive state for homeowners insurance premiums in the country, according to the Insurance Information Institute.
Florida’s chief financial officer is asking the state legislature for more money to increase the size of the division that helps Floridians with insurance issues.
The U.S. Senate Budget Committee is investigating Citizens Property Insurance, Florida’s property insurer of last resort that now has the largest share of property insurance holders in the state.
For the second month in a row, private insurers have taken more than 90,000 policies from the state’s Citizens Property Insurance Corp.
Thousands of Citizens Property Insurance customers have until next week to decide if they want to take an offer from a private insurer.
Amid a push to move policyholders into the private market, regulators have approved proposals by six private insurers to take as many 153,000 policies from the state’s Citizens Property Insurance Corp.
The Citizens Board of Governors on Wednesday morning will hear a proposal for double-digit rate hikes, set to be in place by year’s end.
The Florida Supreme Court on Monday refused to take up a property insurer’s appeal in a dispute about whether blood should be considered a pollutant under a homeowners’ policy.
Gunfire will again ring out at Parkland's Marjory Stoneman Douglas High School Friday, as part of the civil lawsuit against former school resource deputy Scot Peterson.
Thousands of Citizens Insurance policyholders may have to pay pricier premiums as the state approves a plan to move policies to private insurers.
As homeowners continue piling into the state-backed Citizens Property Insurance Corp., regulators this week approved proposals that could lead to private insurers pulling as many as 184,000 policies from Citizens starting in October.
As Citizens Property Insurance Corp. waits for a decision on a plan that would lead to double-digit rate increases for customers, the state-backed insurer remains on a path to grow to 1.7 million policies by the end of the year, President and CEO Tim Cerio said Wednesday.
Florida’s chief financial officer is looking at ways to go after Farmers Insurance for its plan to pull its Farmers-branded services from Florida, affecting 100,000 policyholders.
Farmers Insurance is leaving the Florida insurance market, becoming the latest company to do so, and impacting thousands of policyholders.
Florida’s Office of Insurance Regulation held a hearing Thursday afternoon to determine if rate hikes approved by Citizens Property Insurance can go forward.
The Florida Insurance Guaranty is adding a 1% assessment to policyholders starting in October to cover claims for insolvent companies.
State regulators moved forward Thursday with placing United Property & Casualty Insurance Co. into receivership after higher-than-expected losses from Hurricane Ian helped push the insurer into insolvency.
Florida lawmakers in May approved scaling back a requirement to replace roofs. A contractors group and a roofing company have gone to a state appeals court as they argue the change is unconstitutional.
After lawmakers this week passed an overhaul of the state’s property-insurance system, Florida Insurance Commissioner David Altmaier on Thursday submitted his resignation to Gov. Ron DeSantis.
The Florida House is debating sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.
The Florida Senate has approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.
As the special legislative session is about to kick off to tackle the state’s property insurance crisis, News 6′s political analyst is breaking down what consumers can expect lawmakers to discuss and vote on.
With Florida’s property insurance system in turmoil, state lawmakers could be poised to take major steps to try to stabilize the market during a special legislative session next week.
Florida’s insurance market was already in crisis before Hurricane Ian, now Florida lawmakers are gearing up for the second special session on property insurance this year.
Before Hurricane Ian, Florida’s insurance market was already in crisis. Now many consumers are on edge about how their premiums will change after the storm.
The Florida Hurricane Catastrophe Fund, a state program that provides critical backup coverage to property insurers, is estimated to have $10 billion in losses from Hurricane Ian, officials said Wednesday.
With Florida's property insurance crisis worsening after Hurricane Ian, Gov. Ron DeSantis is calling legislators back to Tallahassee to address the issue, as well as looking at offering property tax relief to those who lost their homes and businesses to the storm.
State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.
Contractors have launched an appeal in a legal battle about part of a new Florida property-insurance law that restricted attorney fees in disputes about claims.
With homeowners struggling to find coverage, insurance regulators are looking at the possibility of lifting a $700,000 cap on policies sold by the state-backed Citizens Property Insurance Corp.
United Property & Casualty Insurance Co. will exit Florida’s troubled homeowners’ insurance market, forcing customers to find new coverage as their policies come up for renewal, the insurer’s parent company announced Thursday.
A ratings agency has delayed plans to downgrade more than two dozen Florida-based property insurance companies in a move that could cost more money for homeowners with loans.
Florida regulators scrambled Thursday after they said a financial-ratings agency notified about 17 property-insurance companies of potential ratings downgrades.
Pointing to “almost incomprehensible growth,” the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
A state program created after a special legislative session on property insurance is supposed to pass on savings to consumers.
It's been just over two weeks since the Governor signed an insurance bill into law, but consumers tell News 6 that not every insurance agent is up to speed on what the law contains.
Florida Gov. Ron DeSantis signed a property insurance reform bill into law one week ago, and so far, consumers are still dealing with rising rates.
Florida lawmakers are poised Wednesday to give final approval to a series of changes aimed at shoring up the property-insurance market as homeowners lose coverage and face steep rate increases.
Florida lawmakers began moving forward Monday with a plan to try to bolster the state’s troubled property-insurance market, but homeowners shouldn’t expect immediate relief from soaring premiums.
Legislation proposed by Florida lawmakers for an upcoming special session to reform the state’s property insurance market would create a $2 billion reinsurance fund for insurers to get insurance that insulates them from risk.
Florida regulators have scheduled three hearings next week on proposals by property insurers to raise homeowners’ rates more than 20%, while the state weighs a plan by another insurer that has shed policies amid financial losses.
Gov. Ron DeSantis has called a second special legislative session, this time with the goal to address Florida's property insurance crisis which has seen many homeowners lose their insurance or see their premiums skyrocket.
Hopeful news came Monday for thousands of Florida homeowners who have been dropped by their insurance company or experienced their rates skyrocketing.
Florida lawmakers are considering holding a special session to address private property insurance as many homeowners see their rates rise or their policies being dropped.
Insurance companies say the crisis is being fueled by mounting litigation and fraud, but property insurance attorney John Tolley said that's not the full story.
If Florida lawmakers hold a special session to deal with the troubled property-insurance market or to put additional requirements on condominium buildings, it won’t come from a directive by Gov. Ron DeSantis.
