It took a huge bite out of the reserves for claims held by 30 insurance companies doing business in Florida. Eleven insurance companies were bankrupted, while others stopped writing or...
Two private home insurance companies operating in Florida are proposing to raise their rates by over 50 percent, a move that could bring even higher premiums for homeowners in the state...
Amica Mutual Insurance and an Allstate subsidiary seek 50+ percent rate hikes in Florida, citing losses and claims surge.
The increased risk of hurricanes and other natural disasters in Florida has led many private insurance companies to withdraw or limit their policies in the state, as they expect to pay more...
"The average rate of home insurance in Florida is already over $10,000 a year and Citizens is... "Ten companies have filed a zero percent increase and at least eight companies have filed a...
Three Florida property insurance companies have either announced a reduction in their rates or the desire to pass some relief on to homeowners.
Florida's home insurance crisis is a liability for Republicans. That hasn't stopped some of the biggest insurers in Florida from donating to the state GOP.
The Florida Insurance Guaranty is adding a 1% assessment to policyholders starting in October to cover claims for insolvent companies.
RELATED STORIES ; Florida lawmakers set to address property insurance woes ; Florida property insurance sticker shock? Changes to consider in 2023 ; Florida House passes property insurance reform bill ; Dr. Jim Clark explains what people should know ahead of special session on property insurance
Florida established a $2 billion reinsurance fund in May 2022 that can help smaller insurance companies in situations like this. If they get downgraded, the reinsurance can act like co...