Tag: Florida

Auto insurance fees may be relaxed in Florida

Logan B.
auto insurance

Florida considers putting an end to some fees  that make auto insurance coverage so expensive Florida is home to some of the most expensive auto insurance coverage in the U.S. This is partly due to the state’s no-fault auto insurance laws and the fees associated with coverage. The regulations governing auto insurance in the state have made fraud very prevalent, which has also contributed to the increasingly expensive nature of coverage. This week, Florida lawmakers have been working on a plan to give the state’s drivers some respite from the fees…

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Homeowners insurance costs eclipse mortgages in Florida

Homeowners Insurance Florida

Florida homeowners now paying more for insurance than for their homes One of the highest expenses facing Florida families has long been the mortgage on their homes. Mortgages in the state, just as elsewhere throughout the U.S., put a large amount of financial pressure on families. While mortgages have been the highest expense for many families in the state, these families are beginning to pay more for their homeowners insurance coverage, according to the Insurance Information Institute. The non-profit organization suggests that consumers are paying more for their homeowners, auto,…

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States seek alternative to Medicaid health insurance expansion

Logan B.
health insurance exchanges

Lawmakers continue to wrangle with health insurance requirements The Affordable Care Act will become fully enacted next year, leaving states throughout the U.S. relatively little time to comply with the federal law’s numerous provisions. One of these provisions, in particular, has been somewhat controversial in several states. That is the mandatory expansion of Medicaid. While the Medicaid program is, technically, overseen by the federal government, each state has its own division of the program which they are required to govern. Per the Affordable Care Act, all states must expand their…

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Homeowners insurance group under fire from Florida legislators

Marc
health addiction insurance

Citizens Property Insurance scandalized in the realm of homeowners insurance Florida’s Citizens Property Insurance has been the target of scandals over the past several months. The state-run organization, through which the majority of Florida residents receive their homeowners insurance coverage, has been wrangling with financial problems for years and has recently begun shedding policies, which are being taken up by private insurance companies. Amidst a flurry of criticism, Citizens Property Insurance President Barry Gilway appeared before Florida lawmakers this week to defend the state-run insurer. State-run insurer continues to struggle…

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Health insurance rate review in Florida may soon be suspended

Logan B.
Florida Health Insurance Rates

Proposal aims to address concerns regarding health insurance rate review Worries are high throughout the U.S. concerning the possibility of rising health insurance rates due to the Affordable Care Act. Throughout the country, several large insurance companies have warned that rates will grow exponentially next year, as the federal health care law becomes fully implemented. In Florida, these ominous warnings are being taken to heart, and lawmakers are now looking to the federal government for more direction concerning how to mitigate the potential rise in health insurance rates. Lawmakers back…

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