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DeSantis sets late-May session on property insurance

DeSantis sets late-May session on property insurance

by Jim Turner - News Service of Florida | Apr 27, 2022

TALLAHASSEE — Florida lawmakers will return to the Capitol the week of May 23 to address problems in the property-insurance system that have led to homeowners losing coverage and facing soaring premiums. Gov. Ron DeSantis on Tuesday called a special session from...
Nearly 90 percent of flood insurance policyholders in Florida to see price increases

Nearly 90 percent of flood insurance policyholders in Florida to see price increases

by Caden DeLisa | Apr 26, 2022

  Roughly 90 percent of FEMA policyholders in Florida are experiencing flood insurance price increases—a higher portion than all but Texas and above the national average of 81%, according to a new report from Redfin. Nearly 3 million owners of single-family homes...
Property insurance reserves vs. Chris Sprowl’s patience: which will run out first?

Property insurance reserves vs. Chris Sprowl’s patience: which will run out first?

by Brian Burgess | Apr 23, 2022

With a special session to address Florida’s collapsing property insurance market slated for May, lobbyists for insurers, trial lawyers and other interest groups seized the opportunity to get face-to-face with lawmakers last week as they gathered in the state...
Another Florida property insurance company, FedNat, teetering on brink of failure

Another Florida property insurance company, FedNat, teetering on brink of failure

by Brian Burgess | Apr 22, 2022

Another day, another Florida property insurance company finds itself in financial trouble. This time, it’s Sunrise, Florida based FedNat Insurance Company and its affiliates, Maison Insurance and Monarch National Insurance that are facing increased scrutiny from...
DeSantis to sign proclamation for property insurance special session

DeSantis to sign proclamation for property insurance special session

by Caden DeLisa | Apr 18, 2022

  Gov. Ron DeSantis during a press conference on Monday remarked that he will sign a proclamation of a special session this week in order to pass legislation to address the ongoing property insurance crisis that has seen rising rates and the liquidation of...
Here’s why Florida’s property insurance market is a dumpster fire

Here’s why Florida’s property insurance market is a dumpster fire

by Brian Burgess | Apr 16, 2022

In recent weeks, pressure has mounted on lawmakers to do something – anything, really – about the rapidly deteriorating home insurance market in Florida. Homeowners across the state are getting policy cancellation notices in droves, forcing them to hunt...
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