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The average premium will increase by 6.6% for most homeowners across the state, while Gov. Ron DeSantis says residents in Miami-Dade and Broward counties will see a decrease.
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The proposal calls for allocating $590 million toward the My Safe Florida Home program and $30 million for the state's Condo Pilot Program.
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At a state Senate Banking and Insurance Committee meeting, the Office of Insurance Regulation director said regulators are still making a decision.
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Recent studies show that about 15% to 20% of Florida homeowners are uninsured. Experts said the risky trend is a direct result of the state’s property insurance market crisis.
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This week on an encore edition of The Florida Roundup, we featured two reports from the podcast Sea Change, from WWNO/WRKF in Louisiana.
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Florida already had an affordable housing and insurance crisis. Then came the 2024 hurricane season. WUSF’s Jessica Meszaros explains how climate change impacts insurance.
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When can I start repairs? Who pays for what kind of damage? Homeowners and renters have many questions in this busy hurricane season.
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The storm killed several people on the Treasure Coast after it spawned tornadoes in the area. Hundreds of buildings were also damaged.
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Mark Friedlander of the Insurance Information Institute understands some people may be fearful to file a claim but says home and flood insurance are there for times like these.
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Home and auto insurance premiums have been rising at double-digit rates. That's prompting even the most loyal insurance customers to shop around for better deals.
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Nearly two years after Hurricane Ian devastated Southwest Florida, for many, the dream of living in paradise is becoming unaffordable. Making the situation worse, because of lax permitting and development following the hurricane, FEMA is hiking the cost of flood insurance in vulnerable coastal communities like Cape Coral.
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Lawmakers increased funding for the My Safe Florida Home grant program by $200 million and will now prioritize older and low-income homeowners.