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WPTV News Channel 5 West Palm
wptv.com > wptv-investigates > florida-lawmakers-consider-giving-citizens-insurance-policyholders-choice-to-opt-out-of-arbitration

Florida lawmakers consider giving Citizens Insurance policyholders choice to opt out of arbitration

Florida lawmakers consider giving Citizens Insurance policyholders choice to opt out of arbitration12+ hour, 40+ min ago   (448+ words) TALLAHASSEE, Fla. " Florida legislators are considering a bill that would give Citizens Insurance policyholders the option to choose between mandatory arbitration and jury trials, following months of criticism over the state-run insurer's controversial dispute resolution process. WATCH BELOW: 'I've never…...

WPTV News Channel 5 West Palm
wptv.com > money > consumer > automotive > usaa-cuts-auto-insurance-rates-by-an-average-7-in-florida-state-regulators-announce

USAA cuts auto insurance rates by an average of 7% in Florida, state regulators announce

USAA cuts auto insurance rates by an average of 7% in Florida, state regulators announce5+ day, 13+ hour ago   (200+ words) TALLAHASSEE, Fla. " Are car insurance prices taking a big bite out of your budget? If so, the cost to insure your vehicle might be a little less this year. Florida's Office of Insurance Regulation (OIR) announced Wednesday that it's approving…...

WPTV News Channel 5 West Palm
wptv.com > news > state > florida-homeowners-to-see-insurance-premium-cuts-starting-spring-2026

Florida homeowners to see insurance premium cuts starting spring 2026

Florida homeowners to see insurance premium cuts starting spring 20263+ week, 19+ hour ago   (470+ words) Governor Ron DeSantis announced Monday that Florida homeowners with Citizens Property Insurance will receive significant premium reductions when their policies renew beginning in spring 2026. The changes reflect what officials call a stabilization of the state's insurance market following insurance and…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > property-insurance-not-property-taxes-becomes-florida-democrats-rallying-cry

Property insurance, not property taxes, becomes Florida Democrats' rallying cry

Property insurance, not property taxes, becomes Florida Democrats' rallying cry2+ mon, 6+ day ago   (563+ words) TALLAHASSEE, Fla. " Florida's leaders are offering two starkly different assessments of the state's troubled insurance market, setting the stage for a political battle heading into 2026. Republicans say reforms are finally working, with rates stabilizing and, in some cases, dropping. Meanwhile,…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > citizens-insurance-14-rate-hike-request-when-will-decision-be-made

Citizens Insurance 14% rate hike request: When will decision be made?

2+ mon, 1+ week ago   (286+ words) WEST PALM BEACH, Fla. " WPTV is tracking the latest on a 14% rate hike request from Citizens Property Insurance " Florida's insurer of last resort. A decision was expected this week but no announcement has been made yet. WPTV reporter Matt Sczesny…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > legislation-reform-pushes-back-on-insurance-exploiting-policy-holders

Legislation reform pushes back on insurance 'exploiting' policy holders

Legislation reform pushes back on insurance 'exploiting' policy holders2+ mon, 1+ week ago   (806+ words) PALM BEACH COUNTY, Fla. " We're sorting through new findings on the insurance market here in Florida that is revealing that homeowners in the Sunshine State are paying some of the highest insurance premiums in the nation. WATCH BELOW: 'Everything's tripled,…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > citizens-insurance-moves-350-000-florida-homeowners-to-private-insurers-as-takeout-efforts-continue

Citizens Insurance moves 355,000 Florida homeowners to private insurers as takeout efforts continue

Citizens Insurance moves 355,000 Florida homeowners to private insurers as takeout efforts continue3+ mon, 2+ day ago   (280+ words) LAKE WORTH BEACH, Fla. " Citizens Insurance has successfully moved about 355,000 policies off its books this year, with 42% of those homeowners transitioning to private insurers in Florida. The state's insurer of last resort continues its aggressive depopulation efforts as it works…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > flood-insurance-remains-overlooked-by-many-florida-homeowners-despite-rising-risks

Flood insurance remains overlooked by many Florida homeowners despite rising risks

3+ mon, 6+ day ago   (312+ words) STUART, Fla. " As Florida continues to face increasing flood threats from recent storms, many homeowners are still choosing to forgo flood insurance, potentially leaving themselves vulnerable to costly damages. The main issue is that flooding in Florida is almost always…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > my-safe-florida-home-director-to-lawmakers-were-pushing-against-the-flow-as-best-we-can

My Safe Florida Home director to lawmakers: 'We're pushing against the flow as best we can"

My Safe Florida Home director to lawmakers: 'We're pushing against the flow as best we can"3+ mon, 2+ week ago   (263+ words) TALLAHASSEE, Fla. " A Florida House panel on Wednesday received an update on the progress of the My Safe Florida Home program, and also had a few questions about how effective it's been on lowering home insurance premiums. Steven Fielder, the…...

WPTV News Channel 5 West Palm
wptv.com > money > real-estate-news > it-has-to-be-controlled-florida-homeowners-continue-struggling-with-soaring-insurance-costs

'It has to be controlled': Florida homeowners continue struggling with soaring insurance costs

'It has to be controlled': Florida homeowners continue struggling with soaring insurance costs3+ mon, 3+ week ago   (306+ words) PORT ST. LUCIE, Fla. " Florida homeowners are still grappling with skyrocketing insurance premiums, with many paying much more than they did just a few years ago, despite state efforts to address the crisis. WPTV has been covering this issue for…...