Florida homeowners insurance company accused of siphoning profits
As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
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As Florida moves homeowners' policies out of its state-run insurer of last resort, insiders question one new company's finances.
Refund amounts for State Farm customers will vary based on their place of residence and insurance premiums.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
Several factors are driving up home insurance premiums across the U.S. to record highs.
Donovan Barker said his 86-year-old mother, Jean, who lives with dementia, has been living under a tarp since a storm caused significant roof damage. Nearly three years later, large portions of the roof remain underneath a tarp.
Florida homeowners are urged to review insurance as more options and lower premiums become available before hurricane season.
Florida House members Friday began digging into questions about property-insurance companies sending money to affiliated firms and shareholders while arguing the industry was losing money.
Lawmakers have considered such proposals in the past.
A Florida company says its new technology is helping to build homes faster and at a lower cost amid the impacts of climate change.
Citizens' largest concentrations of policies are in South Florida.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
The approved companies are Slide, American Integrity and Trident Reciprocal Exchange.
Citizens President and CEO Tim Cerio applauds changes to state law.
State-run insurer had 987,744 policies in force as of Friday.
The state-backed property insurer had had 1,037,811 as of Friday, up from 1,035,534 policies a week earlier.
The state program provides critical backup coverage for property insurers.
Amid long-running efforts to shift customers into the private market, homeowners insured by Citizens Property Insurance Corp. plunged last week.
Two weeks after Hurricane Milton hit Florida, about 15.8% of insurance claims had been closed.
Navigating the insurance process after a natural disaster damages your home can be daunting. Here are some key tips.
Jim interviews former State Sen. Jeff Brandes about the economic effects Hurricane Milton might have in Florida.
Florida regulators have approved proposals by private insurers to take more than 300,000 policies in December from Citizens as the state continues to try to shrink the size – and risks – of its insurer of last resort.
Hurricane Milton "poses a significant threat to the Florida property insurance market," particularly for insurers that focus their business on the state.
Estimated insured losses in Florida from Hurricane Helene continue to climb, nearing $1.14 billion on Wednesday.
Florida regulators have approved proposals by private insurers to take more than 300,000 policies in December from Citizens.
Outside of Florida, roughly 99% of homeowners that sustained flooding are not covered, Insurance Information Institute estimates.
An appeals court has decided that an immigration detention center in the Florida Everglades known as "Alligator Alcatraz" will remain open.
It will get warmer in South Florida as we close out the workweek and head into the weekend, and temperatures are expected to soar early next week.
The U.S.-Iran war isn't just driving prices higher for gasoline. Petrochemicals derived from oil and natural gas go into making more than 6,000 consumer products, the Department of Energy says.
The crew of the Mariana notified the U.S. Coast Guard on April 15 that the 145-foot vessel lost its starboard engine during Super Typhoon Sinlaku.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
An appeals court has decided that an immigration detention center in the Florida Everglades known as "Alligator Alcatraz" will remain open.
It will get warmer in South Florida as we close out the workweek and head into the weekend, and temperatures are expected to soar early next week.
The U.S.-Iran war isn't just driving prices higher for gasoline. Petrochemicals derived from oil and natural gas go into making more than 6,000 consumer products, the Department of Energy says.
The crew of the Mariana notified the U.S. Coast Guard on April 15 that the 145-foot vessel lost its starboard engine during Super Typhoon Sinlaku.
A man who barricaded himself inside a Miami beach building was taken into custody early Wednesday morning.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
After resigning ahead of an ethics hearing, Cherfilus-McCormick leaves Florida's 20th District seat open ahead of the Florida primary.
President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."
Florida will invest in future "flying car" infrastructure after Gov. DeSantis signed a bill allowing the state to fund vertiports for short aerial commutes.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
Luna said she expects Florida Democrat Sheila Cherfilus-McCormick to be the next member who either resigns or gets expelled.
Uthmeier was asked several times during a press conference in Miami this week if he had formally requested the judge overseeing the grand jury to keep the findings secret.
Former state Sen. Lauren Book launched her 11th annual statewide walk, encouraging survivors to share their stories amid renewed attention on the Epstein case.
Miami Archbishop Thomas Wenski is pressing county commissioners to approve a long-delayed mental health center, warning lives are at stake as the building sits empty.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
Rapper Offset is recovering after a shooting at Seminole Hard Rock Hotel and Casino, where Lil Tjay was among two people detained and later charged.
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.