A closer look at Florida’s property insurance crisis

JACKSONVILLE, Fla. – The News4JAX I-TEAM is hearing from property insurance agents, lawyers and property owners about what they want to see come out of a special session called to deal with Florida’s property insurance crisis. “I have some customers right down in tears, honestly, and we do everything we can to get the premium … Read more

Here’s why home insurance costs continue to rise in Florida

ROYAL PALM BEACH, Fla. — Florida homeowners are still getting sticker shock from their property insurance premiums in 2022. The average yearly cost to keep a property insurance policy in this state is nearly double what it is in the rest of the country. Lori Lanni of Royal Palm Beach is experiencing this troubling trend … Read more

Govt. DeSantis announces property insurance special session

Hopeful news came Monday for thousands of Florida homeowners who have been dropped by their insurance company or experienced their skyrocketing rates. Govt. Ron DeSantis promised lawmakers will take up a special session in Tallahassee next month to address the property insurance crisis. Independent property insurance agents are welcoming any chance for relief. Kris Pontell, … Read more

Floridians see homeowners insurance rates double or triple

TAMPA, Fla. — Skyrocketing homeowners insurance and insurance companies going under are what one state senator is calling a total collapse of the property insurance market in the Sunshine State. A crisis is largely due to roof scams. Florida State Senator Jeff Brandes successfully petitioned to call a special session regarding the issue, and right … Read more

Florida lawmakers consider special session on property insurance

TALLAHASSEE, Fla. – Florida lawmakers are considering holding a special session to address private property insurance as many homeowners see their rates rise or their policies being dropped. State Sen. Jeff Brandes, R-St. Petersburg, is calling on lawmakers to tackle the growing problem. “Florida’s property insurance market is in collapse right now,” Brandes said. “What … Read more

Property insurance companies continue to drop Fla. customers

TAMPA, Fla. — As Florida homeowners wait for a special session on property insurance reform to convene in May, more and more insurance companies are facing trouble and homeowner’s premiums are going up while policies are getting dropped by the thousands. As of May 1, seven property insurance companies in Florida are currently in liquidation … Read more

New tax incentive aims to make homes more resilient to storms, provide opportunity for owners to save on insurance

Amid Florida’s home insurance crisis, lawmakers have passed a $462 million incentive to help homeowners save money. Starting in July, the home hardening incentive removes sales tax from storm-resistant windows, exterior doors and garage doors. Several lawmakers and Florida Chief Financial Officer Jimmy Patronis pushed for it, and Gov. Ron DeSantis on Friday signed it … Read more