Audit of Florida’s state-owned insurance corporation recommended improvements in customer service and fiscal management.Coverage includes dwellings, personal property, rentals, and additional living expenses; underwriting guidelines must be followed....
Some lawmakers propose federal solutions, including tax deductions for insurance premiums and lowering reinsurance requirements.A proposal for a national homeowners insurance policy aims to spread risks and reduce premiums nationwide....
Average Floridian homeowners pay ~$4K yearly, triple the US avg due to exits House Bill 809 aims to limit coverage to unpaid mortgage principal, potentially reducing premiums....
Florida's lawmakers are unlikely to make major property insurance changes in 2024. They want to give the changes passed in 2023 time to play out. Property insurance is improving, with falling reinsurance costs and more policies moving to the private market....
Florida's regulators have approved 7 private insurance companies to take over 202K policies from Citizens Property Insurance Corp. The move aims to shift policies from Citizens to the private market to reduce financial risks of major hurricanes. The approved insurers will be able to select which policies they assume....
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