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Category Archives: Florida Legislation

State-Run Insurer Seeks 11% Rate Hike Request Comes as Private Market’s Turmoil Continues

FAIR News, Florida LegislationBy FAIRApril 6, 2022

Source: Insurance News Net Date Published: April 2, 2022 Citizens Property Insurance Corp., the state-run “insurer of last resort,” is proposing an across-the-board rate hike of nearly 11%, the highest increase…

Grim New Developments Reveal More Trouble in Florida Home Insurance Market

FAIR News, Florida LegislationBy FAIRMarch 29, 2022

  Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: March 29, 2022 Florida’s home insurance availability crisis continues to claim new victims, and worries are mounting that more companies could be…

Insurance customers, do you like rate hikes? Then you’re going to love upcoming surcharges to pay for companies’ failures

FAIR News, Florida LegislationBy FAIRMarch 8, 2022

Source: South Florida Sun Sentinel Author: Ron Hurtibise Date Published: March 6, 2022 For home insurance customers, the hits just keep coming. On top of a series of steep rate increases over the…

Check your Insurance Policy: It may cost you thousands to replace your storm-damaged roof

FAIR News, Florida LegislationBy FAIRFebruary 7, 2022

Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: Monday February 7, 2022 Will your home insurance policy pay to fully replace your roof if it’s damaged in a hailstorm, a…

Hurricane Catastrophe Fund Reform Could Save Insurance Consumers $1 Billion a Year, Backers Say

FAIR News, Florida LegislationBy FAIRJanuary 31, 2022

Source: Sun-Sentinel Author: Ron Hurtibise Date: January 29, 2022 Florida home insurance customers could get a substantial break from rising rates — saving about $150 a year — if they…

Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance

FAIR News, Florida LegislationBy FAIRJanuary 28, 2022

Source: Insurance Journal Author: William Rabb Date: January 28, 2022 Seeing no action on bills that would address Florida’s spiraling property insurance problems head-on, one state senator took a different…

World’s First Crypto Mortgage? Homeowners’ Insurers Don’t Hate It

FAIR News, Florida LegislationBy FAIRJanuary 27, 2022

Source: Insurance Journal Author: William Rabb Date: January 26, 2022 If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now…

Thousands of Citizens Insurance Customers to Get Takeout Offer from Newly Created Home Insurer

FAIR News, Florida LegislationBy FAIRDecember 9, 2021

News Source: South Florida Sun-Sentinel Author: Ron Hurtibise Date: December 9, 2021  

Get ready to dig deeper: Despite reforms, insurers warn consumers that more rate hikes are coming

FAIR News, Florida LegislationBy FAIROctober 25, 2021

News Source: South Florida Sun Sentinel Author: Ron Hurtibise Date: October 24, 2021 Homeowners hoping for an end to steep property insurance rate increases next year might as well start looking for other…

Analysis of Relevant P&C Bill Passed during the 2021 FL Legislative Session

Florida LegislationBy FAIRMay 18, 2021

Legislative AnalysisClick here to read FAIR’s analysis of the most relevant bills that passed during the 2021 Florida legislative session, including SB 76, SB 1598, and HB 1209.

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