Florida prepares for homeowners insurance changes in next legislative session

Homeowners insurance - Legislation - Changes

Several ideas have been proposed by lawmakers to help the state repair its current crisis. As Florida state lawmakers take on the annual legislative session, one of the top issues their constituents have been pushing to tackle has to do with the homeowners insurance crisis there. Lawmakers and industry officials aren’t currently in alignment about the changes required for this outcome. Governor Ron DeSantis already proposed a budget in December in which he intended to cut taxes to homeowners insurance. That said, this type of move would have only a…

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Allianz points to D&O business liability insurance advantages in tough 2024

D&O Business liability insurance Form - 2024

The insurer predicts that there will be a spectrum of challenges worldwide that will boost coverage importance. According to a recent report issued by Allianz Commercial with regards to Directors and Officers (D&O) business liability insurance, there are so many challenges occurring worldwide that it is unlikely that the market’s soft conditions will be able to continue. Some of the largest threats to this type of coverage are expected to worsen as 2024 gets going. The authors of the Allianz Commercial 2024 D&O Insurance Report predicted that professional lines would…

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Is cruise travel insurance different from conventional trip coverage?

Cruise travel insurance

Should travelers headed away on an ocean liner or along a river be looking into a different policy? Is cruise travel insurance any different than conventional trip coverage? After all, if there is anything that vacationers have learned since the start of the decade, it’s the importance of the right policy, so they want to be sure to get it right. Traveling on the water can be an expensive investment into relaxation, so coverage makes sense. That said, when vacationers are presented with their options, many will see that there…

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Florida’s DeSantis wants to ‘supersede” ACA with new health care plan

Health care - Florida New Plan alternative to ACA

The state governor seeking Republican nomination for president didn’t provide replacement plan details. In a recent interview on NBC’s “Meet the Press”, Florida Governor Ron DeSantis described his intentions to unveil a health care proposal this week that would “supersede” the Affordable Care Act (ACA). No further details were given about the specifics about the plan or what would be done with the ACA. That said, DeSantis never specifically said that his intention was to repeal the Affordable Care Act. That said, the Republican nominee hopeful did explain that he…

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Florida homeowners insurance through Citizens includes random home inspections

Homeowners insurance - Inspection Form - Florida Flag

Policyholders are worried about the way this new requirement will impact their rates. The largest homeowners insurance company in Florida has added a new requirement to its coverage, which is to conduct random home inspections of its customers. The state-run Citizens insurer has been taking steps to control the rates it charges its policyholders. Citizens, like all homeowners insurance companies in the state, has been required to continually raise its rates as the market in Florida becomes an increasingly costly place to do business. While many insurers have left the…

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