Florida home insurance prices heading as much as 60% higher

Florida home insurance - Home - Price - Dollar Signs

As state lawmakers scramble to get the industry under control, consumers will be paying more. The Florida home insurance industry has been in a dire situation for some time now, and even as lawmakers implement strategies to help, the situation is only getting more expensive for the state’s property owners. Last year, state lawmakers held two special sessions to deal with the serious property coverage problems. According to many of those lawmakers, the Florida home insurance situation isn’t getting better, as the goal right now is to simply try to…

Read More

Florida passes new PIP reform bill that will is expected to reduce auto insurance fraud in the state

Florida Governor Rick Scott is claiming a major victory on behalf of the state’s citizens this week. The state Senate has passed legislation that will reform the state’s troublesome personal injury protection (PIP) auto insurance system. The system has been wrought with fraud for several years, becoming much worse over the past two. Legislators supporting reform claim that this fraud was causing auto insurers to raise rates on coverage at alarming speed. The new legislation seeks to remedy the problem. The legislation that was passed by the Senate is House…

Read More