The Florida Office of Insurance Regulation has leveled a $1 million fine on Heritage Insurance, citing several failures to policyholders in the aftermath of Hurricane Ian. In a consent order,…
Two longtime South Florida political leaders are pushing a congressional bill they say would immediately lower the cost of homeowner property insurance by about 25% in Florida and across the…
Private flood insurer Neptune Flood has expanded its offerings with the introduction of an excess flood insurance product tailored for residential, commercial, and condominium (RCBAP) properties. The new product is…
The number of U.S. properties that have flooded numerous times continues to rise, according to newly released federal data, in the latest sign of the nation’s mounting flood risk. Figures…
The chairman of the Senate Budget Committee has opened an investigation into Florida’s Citizens Property Insurance Corp. and its ability to pay claims for “climate-related” disasters before seeking federal help.…
Florida property insurance experts say the approval of four insurance companies to take as many as 125,000 policies from Citizens Property Insurance is another sign the state is headed in…
WASHINGTON — Last month, FEMA announced the designation of 483 community census tracts as Community Disaster Resilience Zones (CDRZ), as directed by Congress in the Community Disaster Resilience Zones Act of 2022.…
WASHINGTON, D.C.—Today, Senator Rick Scott introduced the Flood Insurance Affordability Act, which would require the Federal Emergency Management Agency (FEMA) to offer Floridians an option to pay their flood insurance…
WASHINGTON — Under President Biden’s leadership, the Biden-Harris Administration has mobilized 1,500 federal personnel, more than 540 Urban Search and Rescue personnel and three Disaster Survivor Assistance Strike Teams to support states…
Expert says the insurance market shows encouraging signs. Florida property owners might be paying the country’s highest property insurance rates. Still, a Florida insurance expert speaking at a Democratic Town Hall…