Florida Office of Insurance Regulation to establish temporary reinsurance arrangement to prevent crisis
"We are set up to expand when the market experiences challenging time," said said Michael Peltier with Citizens.
"We are set up to expand when the market experiences challenging time," said said Michael Peltier with Citizens.
It's a move that could leave millions of homeowners statewide paying more.
As Miami's housing market remains at the epicenter of the nation's housing crisis, startup developer Bluenest is hoping to provide more options for buyers in Miami-Dade County.
At Legal Services of Greater Miami, eviction defense attorneys are maxed out with cases and can't take on new clients despite unprecedented demand.
If it costs more than $700,000 to replace your Broward home or $1 million for Miami-Dade, you can't get coverage.
CBS4's Joan Murray was in Fort Lauderdale with a closer look at the situation there.
When his landlord increased his rent by $1,100 a month, Mike Atkins decided he needed to find a new place to live.
According to Realtor.com, listings went up, so it could take a little more to make homes stand out in the future.
The average rent is $2,800 a month. Compare that to $3,100 a month if you are buying a $350,000 house at the current interest rate, adding in insurance and taxes.
"We're committing to building more supply. That's the primary focus of today, supply," said Daniella Levine Cava.
Mayor Daniella Levine Cava announced a goal of 18,000 additional affordable housing units.
"When I go back to Washington, we can look at thing a little differently," she told CBS4's Hank Tester.
Miami-Dade will be hosting the "Building Blocks Housing Summit" at loanDepot Park on Thursday.
Over the last five months, the Miami area has been one of the least affordable housing markets in the country.
"It is so different when you see it for yourself, that's why I'm here, it is important that we address the housing crisis," she said.
CBS4's Joe Gorchow highlights the work being done by SMASH.
SMASH stands for Struggle for Miami's Affordable and Sustainable Housing.
Broward's Tenant's Bill of Rights aims to help renters by requiring landlords to give renter's a copy of their rights, 60 days' notice for a rent increase, and fully disclose late fees.
Ja'Marcus Bartley, who works at Broward Health North, is on a career path he never ever thought of while struggling with homelessness.
CBS4's Bobeth Yates went digging to find out if this is legal.
"What are they afraid off?" said the resident, who asked us not to disclose her identity.
Broward special education teacher Wendy Samuels is desperately looking to buy a home.
CBS4's Joan Murray spoke with Broward special education teacher Wendy Samuels, who is desperately looking to buy a home.
"I was in the office and was told to expect a 20 to 30% increase. That's insane. I walked out," Charlie McClain says.
Democrats in Florida, struggling to energize liberals while bleeding support among Latinos, have settled on a message to galvanize voters heading into the midterm elections: It's too expensive here.
CBS News Miami's Steve Maugeri spoke with one service member about how the event thanks those who served.
Nicki Minaj was in Amsterdam after playing a show at Ziggo's Dome on Thursday, and was on her way to Manchester, England, for the next stop in her Pink Friday 2 World Tour.
Murray - citing an illness - withdrew Friday during the second round of the 2024 Charles Schwab Challenge in Fort Worth, CBS Sports reported.
Progressive civic groups have challenged how four congressional districts and seven state House districts in South Florida were drawn by the Republican-controlled Florida Legislature.
U.S. diplomatic efforts to broker a deal to release hostages held in Gaza by Hamas and other allied groups are expected to continue in the coming week, two sources with knowledge told CBS News.
CBS News Miami's Steve Maugeri spoke with one service member about how the event thanks those who served.
Murray - citing an illness - withdrew Friday during the second round of the 2024 Charles Schwab Challenge in Fort Worth, CBS Sports reported.
Progressive civic groups have challenged how four congressional districts and seven state House districts in South Florida were drawn by the Republican-controlled Florida Legislature.
Miami FC faces North Carolina FC this Saturday for the first time in the USL Championship.
Bette Nash started flying in 1957 and simply never stopped.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
It's Back-To-School and that also means back to the lunch room, as breakfast and lunch are free to all Miami-Dade public school students again this year.
Progressive civic groups have challenged how four congressional districts and seven state House districts in South Florida were drawn by the Republican-controlled Florida Legislature.
The law makes possession of the abortion-inducing medications without a prescription a crime.
Senate Judiciary Committee Chairman Dick Durbin and Sen. Sheldon Whitehouse are seeking a meeting with Chief Justice John Roberts to discuss Supreme Court ethics issues.
Keeta Floyd, George Floyd's sister-in-law, said of his death four years ago, "It's extremely painful. It's a wound that never heals."
After Nikki Haley announced she'd vote for Donald Trump, the Biden campaign met with her supporters that very evening.
Nikki Fried, the chair of the Florida Democratic Party, joins Facing South Florida to discuss the latest CBS News poll results.
Jim DeFede and his guests reveal and analyze just-released exclusive CBS News polling results from Florida voters on important election-year issues like abortion and marijuana.
Jim DeFede sits down with former Key Biscayne Mayor Mike Davey, who is running to unseat Maria Elvira Salazar.
Jim DeFede talks to Karla Hernandez-Mats, President of the United Teachers of Dade, and Alicia Gant, a teacher at Barbara Goleman Senior High, who is soon leaving the district to become a teacher in Washington DC.
Lauren Pastrana and her guest discuss the options currently being discussed, possible solutions and how all this might impact students, their teachers and their parents.
Royal Caribbean required Michigan man to pay his onboard medical bills in full as he was being evacuated urgently from ship.
CBD gummies and edible cannabis have been seen as the go-to remedy for many
Vital Pursuit will include whole-grain bowls, protein pasta, sandwich melts and gluten-free options.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Switch to solar and upgrade your home with help from the best solar companies of 2024.
Check out these five great deals on laptops you can snag right now for as little as $199.
The Florida Panthers face the New York Rangers for an exciting Game 2 of the NHL Eastern Conference finals tonight.
Whether you're looking for a new Samsung TV, major appliance, smartphone, or tablet, you'll discover great savings.
Take advantage of these Memorial Day savings on bestselling washers and dryers from top brands.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
The company will keep its name and headquarters in Pittsburgh, but the United Steelworkers union voiced opposition to the deal.
Nicki Minaj was in Amsterdam after playing a show at Ziggo's Dome on Thursday, and was on her way to Manchester, England, for the next stop in her Pink Friday 2 World Tour.
It's also, remarkably, the fifth straight Palme d'Or won by indie distributor Neon, following "Parasite," "Titane," "Triangle of Sadness" and last year's winner, "Anatomy of a Fall."
Judge Mary Marlowe Sommer on Friday upheld an indictment charging Baldwin with one count of involuntary manslaughter in the death of cinematographer Halyna Hutchins in 2021.
Authorities say Sean Kingston and his mother committed more than a million dollars in fraud in recent months, stealing money, jewelry, a Cadillac Escalade and furniture.
Documentary filmmaker Morgan Spurlock, an Oscar nominee who focused on food and American diets, has died of cancer at age 53.