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Rush job won’t solve insurance crisis, but it’s a start

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In less than 72 hours, the Legislature rushed through a property insurance bill this week. In typical Tallahassee fashion, it does more to help insurance companies than consumers. It provides an additional $2 billion in subsidized reinsurance— insurance for insurance companies.

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Ron DeSantis to stem a growing crisis, Florida lawmakers delivered property insurance reforms sought by the governor and largely favored by the insurance industry. The solution lawmakers came up with is a bill that the Senate sponsor said is more focused on stabilizing struggling insurers than delivering immediate rate relief. The legislation, which…

PANAMA CITY— Commissioners have approved a $73 million settlement with Florida Municipal Insurance Trust for damage to more than 200 city-owned buildings caused by Hurricane Michael. City officials already have received $43 million from FMIT through repairs provided by contractors and cash payments. Mayor Greg Brudnicki said the city was well-insured…

Lawmaker returned Monday to Tallahassee to address Florida's troubled property insurance market, which is ailed by skyrocketing rates and fraudulent claims, among other issues. "I am grateful to all of the legislators and other stakeholders who worked diligently on this issue over the last several months," said outgoing Senate President Wilton Simpson.
Florida lawmakers are again trying to fix its property insurance market.

After several hours of debate, the Florida House passed a legislative package on Wednesday that addresses property insurance and condominium reforms. The bills are aimed at stabilizing the state’s troubled market.

State Farm has cut off its partnership with the GenderCool Project to donate LGBTQ-themed books aimed at children as young as five after a backlash over the program. The goal was to recruit 550 agents and employees nationwide to help "support our communities in having challenging, important and empowering conversations with children Age 5+," said the email by…

–QuoteWizard ®, a LendingTree company and one of the nation's leading online insurance marketplaces, released their annual " State of Home Insurance" report. We've seen everything from a 25% decrease in Kentucky to a 34% increase in Idaho, "said Nick VinZant, Sr. Average cost of homeowners insurance is now $1,766 nationwide Oklahoma is the most expensive state,…

TALLAHASSEE— Efforts by Democrats to include a rate freeze, climate change considerations, increased capital requirements for companies and other proposals in property insurance legislation all failed Tuesday as the Republican-dominated Florida Legislature moved closer to passing the reform bill sought by Gov. While the Florida Senate was rejecting…

TALLAHASSEE— Florida lawmakers returned to the Capitol on Monday to try to stabilize a troubled property insurance market plagued by skyrocketing rates and a parade of companies dropping policies or going out of business. The $2 billion price tag to give insurers relief from high reinsurance rates and limited availability shows how big and costly the…
Florida lawmakers are again trying to fix its property insurance market.

Florida lawmakers returned to the Capitol on Monday to try to stabilize a troubled property insurance market plagued by skyrocketing rates and a parade of companies dropping policies or going out of business.

TALLAHASSEE— On the eve of hurricane season, Florida lawmakers are returning to the Capitol to try to stabilize a troubled property insurance market plagued by skyrocketing rates and a parade of companies dropping policies or going out of business. Whatever comes out of the special session, homeowners are almost certain to keep seeing rate hikes for months,…

TALLAHASSEE— After the Florida Legislature failed to pass legislation to rein in the property insurance crisis during the regular session that ended March 14, Insurance Commissioner David Altmaier took matters into his own hands, using his power to make changes to such policies. “What Florida lawmakers failed to legislate this past session in property…
Florida lawmakers are again trying to fix its property insurance market.

On the table could be higher costs for homeowners through a new deductible for roof-damage claims; changes to how much lawyers can collect in fees when fighting insurers; and a reworking of Citizens Property Insurance, the state-backed insurer of last resort for 850,000 Floridians.

Eric Sandoval of Española on May 13 walks by his great-uncle's property that was destroyed when the Calf Canyon/ Hermits Peak Fire burned through Tierra Monte, north of Las Vegas, N.M.. Outside of the Glorieta Adventure Camp dining hall, 56- year-old Lisa Blackburde was having an emotion-filled conversation with a couple of other evacuees.

After escaping the Champlain Towers South moments before it collapsed last summer, Iliana Monteagudo says she has been trying to rebuild her life at age 65 with no savings and lingering anxiety from the Surfside disaster. A group of about 50 unit owners in a letter last week asked the judge overseeing the case to reconsider the initial $83 million settlement.

Michigan drivers were issued $400 per-vehicle auto insurance refunds over the past two months leading to the distribution of more than $3 billion from the state. Michigan Governor Gretchen Whitmer and the Michigan Department of Insurance and Financial Services Director Anita Fox announced more than $3,041,000,000 has been issued by auto insurers to…

An air of uncertainty is brought onto Florida residents every year between the months of June and November. This hurricane season, homeowners are dealing with an added layer of unpredictability — the ability to insure their properties, let alone volatility in premiums and deductibles.

–Progressive Insurance's most dedicated employee, Flo, will reveal a different side of herself in a new advertising campaign launching May 23. We've witnessed her undying love of insurance, watched as friendships have developed, and have even met her family, but one aspect of her life has remained a mystery— until now, "said Progressive's Chief Marketing Officer,…