PROPERTY INSURANCE

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.

Estimated insured losses from Hurricane Ian are nearing $7 billion.

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.

Millions of Floridians have mortgages that require insurance companies to be financially rated.

As the peak of hurricane season approaches, Florida is still dealing with a property insurance crisis.

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.

After more than a decade of retirement, a Marion County woman says she is headed back to work.

A ratings agency firm has withdrawn ratings for two insurance companies and downgraded a third firm in Florida.

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 will require statewide recertification of condominiums over three stories tall under new legislation Republican Gov. Ron DeSantis signed into law.

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.

Three different property insurance companies told Florida's Office of Insurance Regulation Tuesday they want big increases:

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.

The situation is being described as a crisis. Insurers are going bankrupt. Others are canceling policies and raising rates.

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.

Gov. Ron DeSantis this week called a special session that will be held from April 19 to April 22 to redraw congressional districts.

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.

Property Insurance litigation claims steadily declined in the last months of 2021, according to a litigation management software provider.