Tag: Governor Ron DeSantis

Florida Insurance Crisis Intensifies With Predictions of a Harsh Hurricane Season

Kirk Chivas
Florida insurance crisis - hurricane image on radar

Florida Homeowners Brace for Busy Hurricane Season Amid Skyrocketing Insurance Rates Florida homeowners, already bearing insurance rates that nearly triple the national average, now face the grim prospect of an “explosive” hurricane season, casting shadows on the financial resilience of the state’s insurer of last resort. With home insurance premiums in the Sunshine State escalating to an average of $6,000 a year—a stark contrast to the national average of approximately $1,700—Governor Ron DeSantis has called the state-run Citizens Property Insurance Corp. “not solvent,” sparking concerns over its potential inability to…

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Citizens’ home insurance changes get the nod from Florida lawmakers

Logan B.
Home insurance - Green light - approval

Both the House and the Senate have given the green light to a bill about insuring second homes As Florida continues to seek new ways to unload policies from its home insurance company of last resort, Citizens Property, the House gave its approval to a bill that could shift some second homes off the insurer and into the private coverage market. The Senate already gave its approval to the bill HB 1503 was passed unanimously by the Florida House after it had already received the Senate’s approval. Its next stop…

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Florida prepares for homeowners insurance changes in next legislative session

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

H. Cutner
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 home insurance companies were warned by regulators about Hurricane Idalia

Logan B.
Home insurance - Hurricane Ahead - Warning

New laws in the state provide some accountability toward insurers, but consumers are also limited. Based on the massive number of complaints filed by Florida home insurance customers following Hurricane Ian, regulators warned insurers that they would not be allowing the same situation to develop following Hurricane Idalia. Regulators received complaints about insurers from nearly 8,000 victims of Hurricane Ian. As a result, following the destruction left by Hurricane Idalia, state regulators warned home insurance companies of possible punishment if claims were not properly managed. “We’re gonna be watching,” said…

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