Posted: May 26, 2024 | Last updated: May 26, 2024 Giuseppe Mondi/Unsplash Insurance Companies Seize Thousands of Homes in the Sunshine State As Florida is No Longer Affordable Those who...
A newly introduced bill could provide relief to Floridians hit by rising flood insurance costs, as lawmakers move to save the Sunshine State's declining homeowners' insurance market....
Homeowners in Florida pay more for their insurance than most of the nation, paying over $4,000 each year on average, almost three times the national average for home insurance rates. With each year and each hurricane season, the cost for homeowners insurance in Florida increases much faster than the national rate. Mark Friedlander, director of corporate communications for the Insurance Information Institute (Triple-I), told USA TODAY that the average cost of home insurance increased 33% in Florida in 2022, topping the national increase of 9% by ...
WEST PALM -- Home insurance rates nationwide have jumped 19% over the past five years, according to the insurance site Valuepenguin, but people in states at risk of extreme weather, like Florida, are seeing much larger increases. Gregg Weiss is one of those people. While he realizes living in Florida means the possibility of seeing a hurricane, he is shocked when he sees the premium for his home insurance double. "Our windstorm insurance went from $10,000 a year, and then when it came up for renewal, my agent quoted me $20,000," said Weiss. ...
By the end of 2022, average annual property insurance premiums in the Sunshine State exceeded $4,200—triple the national average. Critics argue that DeSantis should've tried harder to...
Florida, once a beacon for pandemic migrants, is losing its shine as disillusioned newcomers find the state less idyllic than expected despite its abundant sunshine and tax advantages.
Two Florida Republicans are looking to expand the coverage offered by state-run Citizen Property Insurance.
The allure of sunshine, low taxes and low housing prices have been attracting people to Florida for decades, but high insurance premiums are beginning to reverse the trend. The U.S. Census Bureau s...
the Sunshine State which has hit homeowners hard. In 2023, Florida homeowners paid $6,000 per year in home insurance, according to data from the Insurance Information Institute (Triple I)...
2007 Sunshine State Award Winners First-, second- and third-place finishers were announced at... Property Insurance Crisis 2. Melissa Griggs; The Daytona Beach News-Journal; How Safe is...