After three hurricanes in as many months, Florida's property insurance …
2 days ago · Even for those with insurance, recovery still is a long way off. As of Thursday, the state Office of Insurance Regulation was reporting insurance claims for Milton nearing 200,000 and $2.3 billion dollars in estimated insured losses. For Helene, the losses are estimated at $1.3 billion dollars. And for Hurricane Debby, it’s $131 million.
Insurance 'nightmare' unfolds for Florida homeowners after back …
Oct 13, 2024 · In the areas of Florida most affected by the storms, no more than 25% of residents had separate flood insurance prior to the storms hitting, according to an NBC News analysis of U.S....
6 major property insurance companies outline future plans in Florida …
5 days ago · JACKSONVILLE, Fla. – In the wake of two powerful hurricanes, Helene and Milton, six major property insurance companies are outlining their future plans in Florida. The insurance industry is ...
Florida homeowners fear soaring insurance cost after hurricanes
6 days ago · A number of homeowners in Florida have faced a precarious situation , opens new tab for securing insurance. Average homeowner premiums in Florida surged nearly 60% between 2019 and 2023.
Hurricane surge could blow away Florida homeowners insurance …
Oct 15, 2024 · Even before Milton showed up, Hurricane Helene hit Florida two weeks ago before sweeping through the Southeast and has produced nearly $1.2 billion in insured losses in Florida so far, according to the state Office of Insurance Regulation (OIR). More than 12,500 claims related to Helene have been filed with Citizens Property Insurance Corp ...
Milton aftermath for Florida insurance: Will premiums rise even …
Oct 12, 2024 · More favorable markets and the state’s changes to tort law were credited with keeping the average homeowners’ premium to a 2% average increase over last year. Also, a July 1 report, based on ...
Milton threatens to upend shaky Florida homeowners insurance …
Oct 9 (Reuters) - Hurricane Milton threatens to swamp Florida's troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that...
Florida’s home insurer of last resort is in serious trouble. Will ...
Oct 11, 2024 · An exodus of national insurance companies from Florida, combined with local private insurers canceling plans, has left many homeowners there with only one option: Citizens Property Insurance Corp ...
Florida news, trends and insights - Insurance Journal
Explore the latest Florida insights, trends and breaking news from property/casualty insurance industry authority Insurance Journal.
OIR Provides Update on Florida’s Strengthening Property Insurance …
May 18, 2024 · Publishing a quarterly Insurer Compliance Report to provide ongoing updates on OIR’s market regulation efforts, including recent filings and regulatory actions for companies found in violations of the state’s consumer protections and claims handling practices.