Florida lawmakers have ideas to fix the homeowners insurance crisis
Governor Ron DeSantis, Homeowner's Insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
News & Updates
Homeowner’s Insurance
Market Showing Improvement in Small Steps
Almost a year ago, the Florida legislature passed significant reforms aimed at mitigating concerns in Florida’s residential property insurance market. At the time, the market was characterized by numerous insurer insolvencies, reduced appetites among admitted market insurers, rising rates and increasing reinsurance costs. At the time, policymakers urged patience because it would take months and […]
Ron DeSantis says insurers will return to Florida after hurricane season
Governor DeSantis, Homeowner's Insurance, property insurance, Insurance Regulation News, Citizens Property Insurance Corporation
Insurance agents express optimism for Florida’s home insurance industry
Florida insurance market, insurance agents, Homeowner's Insurance, Insurance Regulation News
Miami-Dade lawmakers file bills adding guardrails to lender-placed property insurance
Florida Office of Insurance Regulation, lender-placed, Homeowner's Insurance, property insurance, Insurance Regulation News, Florida Legislature
Gov. DeSantis wants insurance market problems fixed before diving into Citizens
Florida special session, Governor Ron DeSantis, Homeowner's Insurance, Insurance Regulation News, Florida Legislature, Citizens Property Insurance Corporation
Construction company challenges new property-insurance law
SB 76, Homeowner's Insurance, property insurance, Insurance Regulation News, Florida Legislature
Hurricane Season Begins with Prediction of Above-Average Activity
As the 2021 hurricane season begins, forecasters look for this year to bring an above-average level of tropical activity. Just this week, the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU) updated its projections and continues to believe this year will produce an above-average number of storms. Its forecast […]
Home insurance rates keep climbing, along with lawsuits. Will it ever end?
insurance rates, hurricane claims, Homeowner's Insurance, Insurance Regulation News, Citizens Property Insurance Corporation
Flood Disclosure Adjustment Continues to Move
A second Senate committee has approved an adjusting to existing law relating to flood insurance disclosures. Last year, the legislature adopted a requirement for all homeowners’ policies to state that they do not cover flood damage. Unfortunately, there is no exception in the current law for policies that actually do contain flood insurance in the […]