8+ hour, 46+ min ago  (287+ words) An emergency assessment initiated more than two years ago to pay for insurance bonds" is coming to an early end. The Florida Insurance Guaranty Association voted this month to eliminate the 1% emergency assessment on Florida homeowner and business property and…...

2+ week, 6+ day ago  (425+ words) The push to move commercial risk policies from Citizens Property Insurance Corp. into private markets began back in 2014. Now, Sen. Joe Gruters says this is the year to to get the job done. Gruters has filed a bill (SB 1028) that…...

3+ week, 6+ day ago  (619+ words) My homeowner's renewal premium just dropped by $600. For the same coverage! While rates in other states are rising, millions of Florida property owners are seeing reductions. Competition is flooding the market. The Office of Insurance Regulation (OIR) just ordered Florida's…...

2+ mon, 5+ day ago  (207+ words) Citizens Property Insurance Corp., Florida's insurer of last resort, is shedding customers amid more private competition. And for the roughly 380,000 people left, Gov. Ron DeSantis would like to see rates reduced further. "They had all these people paying in for…...

2+ mon, 1+ week ago  (471+ words) Citizens Property Insurance Corp., which provides property insurance for Floridians who can't get coverage elsewhere, is recommending lower rates for policyholders next year. The Citizens Board of Governors approved the recommended rate reductions Wednesday. If the reductions get final approval…...

2+ mon, 2+ week ago  (267+ words) Florida Insurance Commissioner Michael Yaworsky said he believes the state's insurance industry has stabilized, adding consumers "are finding relief" and have more options "than we've had in decades." "If you were in this meeting three years ago, it was like…...

2+ mon, 2+ week ago  (203+ words) The Americans for Prosperity Foundation is launching a statewide mail and digital education campaign touting early signs of stabilization in Florida's property insurance market following a series of reforms. The organization says the materials are designed to help Floridians understand…...

2+ mon, 2+ week ago  (251+ words) Heritage Property & Casualty Insurance Co. has announced that Florida officials have approved a rate cut for Florida policyholders. Heritage officials said this week that some customers in areas of Florida will receive up to a 9.6% decrease in policies. On average,…...

3+ mon, 4+ day ago  (272+ words) Workers" compensation insurance policies will be a bit more affordable in Florida thanks to an Office of Insurance Regulation (OIR) decision this week to lower rates by 6.9%. The average rate decrease on new and renewal policies will take effect Jan....

3+ mon, 2+ week ago  (252+ words) Tampa-based Heritage Insurance Inc. paid homage to firefighters and other emergency responders on National First Responders Day Oct. 28 by offering a measure of gratitude. Earlier in October, the insurance carrier sponsored the Hillsborough County Fire Rescue Foundation's annual Firefighters Gala....