Analysis: Hurricane Milton poses "threat'' to insurance market
Hurricane Milton "poses a significant threat to the Florida property insurance market," particularly for insurers that focus their business on the state.
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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.
Adjusters in Florida say insurance companies altered Hurricane Ian damage reports to underpay homeowners. Whistleblowers detail what they found.
Homeowners not on the path of Hurricane Helene cannot escape insurance premium hikes.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
Hurricane Helene could cause $3 billion to $6 billion in private insurance losses
Florida's Citizens Property Insurance Corp. could have fewer than 900,000 policies at the end of the year.
Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.
Florida regulators dug into a proposal that would lead to double-digit rate increases for customers of Citizens Insurance.
The number of Citizens policies soared in recent years as private insurers dropped customers and raised rates because of financial problems.
Skyrocketing property insurance costs are pushing some Florida residents to drop their coverage altogether.
Proposal leads to customers across the state seeing double-digit rate increases in 2025
Citizens Property Insurance Corp. Board of Governors will consider a proposal that would lead to an average 13.5 percent rate increase
Florida homeowners will soon be able to apply for grant funding to harden their homes
It's good news for homeowners with coverage with Florida Peninsula Insurance Co.
Private insurers pulled more than 275,000 policies last year from the state's Citizens Property Insurance Corp. and have taken nearly 115,000 this year, with Citizens President and CEO Tim Cerio saying Wednesday he thinks "we're coming through to the other side" after years of troubles in the market.
