/tags/property-insurance property insurance en-US WLRN Mon, 25 Mar 2024 18:30:00 GMT /business/2024-03-25/analysis-florida-insurers-made-money-last-year-for-first-time-in-7-years Florida insurance companies made money last year for the first time in seven years. That is thanks to investment income and a mild hurricane season. That's according to an an S&P Global Market Intelligence analysis released last week. Mon, 25 Mar 2024 18:30:00 GMT /business/2024-03-25/analysis-florida-insurers-made-money-last-year-for-first-time-in-7-years The Associated Press /business/2024-03-11/florida-home-insurance-market-hurricanes-litigation Three primary factors are driving the insurance challenge: natural disasters are becoming more common and costly; the price of reinsurance is skyrocketing; and Florida’s litigation-friendly environment compounds the issue by making it easy for customers to sue their insurers. Mon, 11 Mar 2024 15:11:33 GMT /business/2024-03-11/florida-home-insurance-market-hurricanes-litigation Latisha Nixon-Jones| The Conversation /government-politics/2024-01-30/florida-property-insurance-costs Florida lawmakers resurrected the nearly 20-year-old program during a 2022 special session. Now, they are considering keeping it alive. Tue, 30 Jan 2024 14:33:59 GMT /government-politics/2024-01-30/florida-property-insurance-costs Gabriella Paul /government-politics/2023-12-28/florida-insurance-proposal-unpaid-mortgage As Florida homeowners grapple with increased property-insurance rates, two Republican lawmakers have filed a proposal that would allow people to buy policies covering only unpaid mortgage-loan amounts. Thu, 28 Dec 2023 16:43:53 GMT /government-politics/2023-12-28/florida-insurance-proposal-unpaid-mortgage News Service of Florida /wlrn-investigations/2023-11-14/citizens-property-insurance-unlicensed-inspectors-florida-homeowners Florida taxpayer-owned Citizens Insurance is using unlicensed inspectors in a little-known program that is ramping up inspections, WLRN found. Homeowners and industry insiders say the move is alarming. Tue, 14 Nov 2023 11:00:00 GMT /wlrn-investigations/2023-11-14/citizens-property-insurance-unlicensed-inspectors-florida-homeowners Daniel Rivero /government-politics/2023-11-06/florida-lawmakers-will-address-rising-property-insurance-costs-during-a-special-session High premiums, on top of what already is an affordability crisis across the state, continues to drive up the cost of living and make homeownership more expensive and difficult to achieve. They will be addressed during a special session that starts today. Mon, 06 Nov 2023 20:30:00 GMT /government-politics/2023-11-06/florida-lawmakers-will-address-rising-property-insurance-costs-during-a-special-session Gabriella Pinos /government-politics/2023-10-11/florida-lawmakers-property-insurance A key senator said he does not expect lawmakers to make major property-insurance changes during the 2024 legislative session, as they continue to watch the results of an overhaul passed last year. Wed, 11 Oct 2023 14:19:18 GMT /government-politics/2023-10-11/florida-lawmakers-property-insurance Jim Saunders | News Service of Florida /business/2023-08-14/property-insurance-crisis-south-florida-key-biscayne Barrier islands like Key Biscayne — vulnerable to sea level rise and tropical storms — are in the eye of the property insurance crisis, with owners seeing huge premium hikes and policy cancelations. Mon, 14 Aug 2023 12:00:00 GMT /business/2023-08-14/property-insurance-crisis-south-florida-key-biscayne John Pacenti | Key Biscayne Independent /business/2023-07-18/farmers-property-insurance-florida Farmers is the latest insurance company to pull out of Florida. The moves leaves tens of thousands of customers facing the daunting task of finding new carriers. Tue, 18 Jul 2023 14:05:07 GMT /business/2023-07-18/farmers-property-insurance-florida Lynn Hatter /housing/2023-04-05/florida-homeowners-will-face-a-projected-40-percent-increase-in-property-insurance-rates Floridians are bracing for additional rate hikes as they are already paying higher monthly payments than homeowners in other states. Wed, 05 Apr 2023 18:00:00 GMT /housing/2023-04-05/florida-homeowners-will-face-a-projected-40-percent-increase-in-property-insurance-rates Gabriella Paul