FLORIDA What are Florida lawmakers doing to lower your property insurance rates? WINK investigative reporter goes to Tallahassee to find out. Premiums have tripled in the past five years, making homeownership an increasingly unaffordable option for people living in southwest Florida.
Ian damaged Citizens Property Insurance’s surplus Chances are, many of you have Citizens Property Insurance. It’s the largest property insurer in the state, but that wasn’t the goal when it came into existence in the 90s. The insurer was supposed to be a last resort, but that’s not the case anymore. In fact, Citizens Insurance has nearly 1.2 million policyholders, which […]
PUNTA GORDA Citizens Property Insurance reaches deadline, forcing customers to respond People insured with Citizens Insurance will have a decision to make, stick with their current coverage with Citizens or transfer to a private insurer.
TALLAHASSEE Slate of bills to reduce property insurance costs moves through Florida Senate The Florida Senate has proceeded to move forward on several pieces of legislation designed to reduce the cost of homeowners’ insurance premiums.
TALLAHASSEE (AP) Florida Senate passes property insurance overhaul The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs, and major storms. The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer. It also would force insurers to respond […]
Florida CFO responds to WINK News property insurance investigation: ‘This is why I fight for people to get their claims closed.’ 496 days after Hurricane Ian, Elaine and Michael Damiano have not received the money they believe they are entitled to—under their policy—for repairing their home.
TALLAHASSEE (AP) Florida lawmakers set to meet on ailing insurance market The Florida Legislature will meet next week for a special session on property insurance and property tax relief in the wake of damage caused by Hurricane Ian, officials announced Tuesday. The leaders of the Florida House and Senate issued the proclamation convening the Legislature from Dec. 12 to 16. Lawmakers will be tasked with reforming […]
TALLAHASSEE Florida Legislature hurrying to pass property insurance bill The Florida Legislature’s second special session of the year on buttressing a floundering home insurance market entered its second day Tuesday, with senators hoping to pass their version of property insurance legislation by day’s end. The bill includes shortened timelines for insurance companies to process and pay claims, an added option of including mandatory arbitration […]
WINK NEWS Florida’s growing property insurance crisis Florida’s property insurance crisis takes another turn for the worst after Banker’s insurance will no longer insure Florida Homes. That means for policyholders, more homeowners will have to find another option. For many that are becoming Citizens, it was meant to be a last resort. And the state is eyeing a new role for the […]
Florida homeowners increasingly opting out of property insurance amid rising costs: Experts warn of risks With property insurance costs skyrocketing and coverage dwindling, you may wonder if it’s worth the money.