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The Citizens Insurance proposal would need approval from the Office of Insurance Regulation before it could take effect and would lead to increases that would vary by types of policy.
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The 13 participating insurance companies involved cut checks for 1,086 residents impacted by Hurricane Ian.
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The Department of Financial Services is hosting three Insurance Villages January 23 through January 28 in Punta Gorda, Englewood and Fort Myers
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Hurricane Ian dealt a major blow to Florida’s already crippled property insurance market. The Category 4 storm is expected to go down as one of the costliest in U.S. history, and that’s expected to drive more of the state’s private insurers out of business.
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A new analysis says overall reinsurance prices are expected to increase by more than 10 percent in 2023, pointing to losses from disasters such as Hurricane Ian and “increasing frequency and severity of natural catastrophe claims.”
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The Florida Housing Finance Corporation is awarding $5 million to local housing partners to help Floridians impacted by Hurricane Ian pay their home insurance deductibles in the six hardest hit counties: Charlotte, Collier, DeSoto, Hardee, Lee, and Sarasota counties.
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A financial ratings agency says an analysis indicates insured losses from Hurricane Ian could range from $25 billion to $40 billion, putting additional pressure on Florida’s troubled property-insurance market.
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Angry at a ratings agency that raised the possibility of downgrading 17 Florida property insurers, state leaders could be poised to look for an alternative.
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As we approach the two year anniversary of Hurricane Irma, we thought we would explore the rights that homeowners have when it comes to filing insurance…
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The 2019 Atlantic Hurricane Season officially began on Saturday, June 1st. And, according to a new study Floridians are more worried about hurricanes this…