INSURANCE

Citizen's Property Insurance Corporation is supposed to be the insurer of last resort, but the company has become the state's largest property insurer with more than 1 million policies.

Financial-rating agency cites parts of new law, existing issues for expected wait.

Florida Gov. Ron DeSantis signed two new pieces of legislation aimed at addressing the state’s property insurance woes and providing property tax relief to hurricane victims.

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.

Nearly 50,000 property owners forced from their homes for more than a month by Hurricane Ian or Hurricane Nicole could be eligible for tax relief under a bill that was being prepared Friday for a special legislative session next week.

With only a few days left before lawmakers are called back to the state capitol to try and fix Florida's property insurance market, legislators say they are waiting to see the exact language written in the bill they will discuss.

Gov. Ron DeSantis laid out potential proposals Thursday to correct the state’s crippled insurance market.

Nearly a month after Gov. Ron DeSantis said he would be calling state lawmakers back to the Florida Capitol for a second time this year to address the state’s property insurance crisis, the specific dates of the legislative session have not yet been publicly announced.

Florida residents who file property damage claims caused by Hurricane Nicole may have a lower deductible if they already met their insurance deductible for Hurricane Ian.

All goods have increased in cost compared to a year ago, but a few have experienced decreases since August.

Any Florida resident who sustained property losses during Hurricane Ian is eligible for some tax relief under federal disaster protocol.

Nearly three dozen contractors with a criminal past have started a door-to-door campaign to Florida homes damaged by Hurricane Ian, according to the National Insurance Crime Bureau (NICB).

With Hurricane Ian bringing massive storm surge and inland flooding, Floridians could have more than $10 billion in uninsured flood losses, according to an analysis by CoreLogic, a property-information and analytics firm.

Six more property insurers have left Florida so far in 2022, and industry analysts expect more to leave by the end of this year.

A state senator is calling for another special legislative session to deal with Florida’s property insurance problem.

Preliminary estimates for Citizen’s Property Insurance Corp. have the company expecting upwards of 225,000 claims after Ian hit Florida as a Category 4 hurricane last week.

Insurance agents from State Farm to Citizens Insurance are operating makeshift tent offices in a mall parking lot in Port Charlotte, Florida to help people get funds, food and supplies.

Insurance agents from State Farm to Citizens Insurance are operating makeshift tent offices in a mall parking lot in Port Charlotte to help people get funds, food and supplies.

Former deputy insurance commissioner Lisa Miller wants anyone dealing with storm damage from Hurricane Ian to call their insurance agent rather than “answer the door” for an unknown repair crew targeting your insurance money.

Florida's property insurance market has been in crisis even before Hurricane Ian, and the governor says Citizen's Insurance is prepared and able to pay out claims.

A financial ratings agency said Thursday that an initial analysis indicates insured losses from Hurricane Ian could range from $25 billion to $40 billion, putting additional pressure on Florida’s troubled property-insurance market.

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

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.

How young were you when your first savings account was opened? Our guest today likely has you beat.

Florida has taken action to back up property insurance companies facing a downgraded rating in an effort to help homeowners comply with mortgage requirements rather than being forced to seek new policies.

Why have there been more insurance claims of late? And what do you need to know about renting out a property?

Here in Florida, we know there are a lot of considerations when it comes to hurricane season, which runs from June through November each year.

This week, for the first time in a long time, independent insurance agent Derrick Vance is hopeful.

Since the health industry is always evolving, making the right choice when it comes to your health insurance can be difficult.

Elected officials in Brevard County held a townhall meeting to speak with homeowners and discuss possible solutions for ongoing insurance issues.

News 6 broke the news several weeks ago that some insurers are dropping customers if their shingle roof is older than ten-years-old. Now, a Marion County woman says her hot water heater kept her from being insured.

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.

Sen. Jeff Brandes, a St. Petersburg Republican, on Friday formally asked his colleagues to support his call for a special legislative session on property insurance.

Lawmakers claim new legislation that just passed will offer homeowners relief, but some consumers like Susie Blanchard say the law is lip service at best.

In 2021, the Florida House and Senate passed a bill that would have eliminated Personal Injury Protection/No Fault Auto Insurance in the state and required drivers to have mandatory bodily injury coverage. The bill was vetoed by Florida Gov. Ron DeSantis.

Homeowners with roofs older than 10 years may lose their insurance, an industry spokesman says,

Pointing to a “sea of red ink,” the head of the state-backed Citizens Property Insurance Corp. described a private insurance industry Wednesday that is losing gobs of money while homeowners face soaring rates and trouble finding coverage.

Many Americans are rethinking fall travel plans amid a surge in COVID cases.

(U.S. Centers for Medicare & Medicaid Service via AP)Open enrollment for the Affordable Care Act is set to reopen Monday and stay open for the next three months. The website serves 36 states including Florida, to those who need coverage from Feb. 15 until May 15. The goal of this special enrollment period is to help uninsured Americans weather the pandemic. Former President Donald Trump’s administration had cut the open enrollment period of the ACA down from its original three months to six weeks. According to the Kaiser Family Foundation, there are currently approximately 15 million uninsured Americans.

Sharon Landry says she “freaked out” when she opened her statement and saw the premium for her homeowner’s insurance policy surge.

You’ll want to make sure you’re not further endangering yourself, McMillen said. Call your insurance company, but keep a few things in mind when you do so. You want to get your insurance company on board early, as in, you shouldn’t wait too long to inform them of the accident. And it made it so that the first $10,000 of any medical expenses would be covered by your insurance company. “It’s super important to get your own legal representation, because the insurance companies sure have theirs,” McMillen said.

Thats where Business Interruption Insurance kicks inThis is a type of insurance coverage that replaces business income lost as a result of a business interruption event. One more piece of the puzzleIf youre a business, you likely want to make sure you can take advantage of any Business Interruption Insurance you might have. Bogin, Munns & Munns, for example, offers a free case evaluation about your business interruption case. Some business owners have looked into the idea of turning to their commercial Business Interruption Insurance, to try to get some financial relief. Learn more: Bogin, Munns & Munns