insurance – WCXS 104.5 Classic County

Farmers Insurance To Pull Out Of Florida

Wednesday, July 12

Farmers Insurance on Tuesday, Farmers Insurance became the latest property insurance company to pull out of Florida. The decision will impact roughly 100,000 policyholders in the state. Due to state law, Farmers will have to give... Read More.

Citizens Insurance Seeks Rate Hikes For Florida Homeowners

Wednesday, March 29

Citizens Insurance Seeks Rate Hikes For Florida HomeownersCitizens Property Insurance Corp., a state-backed insurance company, has proposed a 14.2% increase in average rates this year in an effort to shift policies into the private insurance market. The proposal still requires approval from the Office... Read More.

Citizens Insurance Adds Record Number Of Policies

Wednesday, January 4

This past December The Florida Legislature approved SB 2A, a “historic” package of reforms that will stabilize the Florida property insurance market and help Citizens Property Insurance Corporation return to its role as the state’s insurer of last resort.“These reforms will... Read More.

Governor Ron DeSantis Signs Two Bills to Support Disaster Relief and Help Stabilize Florida’s Property Insurance Market

Friday, December 16

FORT MYERS BEACH, Fla. — Today, Governor Ron DeSantis signed two bills following the special session that took place this week. Governor DeSantis signed Senate Bill (SB) 4-A which provides $750 million for additional disaster relief to Floridians following Hurricanes Ian and Nicole. The... Read More.