Tag: Tim Cerio

Florida House Bill 13 Aims to Shake Up Home Insurance in the Sunshine State

G. Turner
Citizens Insurance Focus - home insurance

Expanding Citizens Insurance to Address Windstorm Damage Florida is no stranger to the wrath of hurricanes. With the state regularly experiencing some of the costliest natural disasters in the United States, reliable home insurance has become both a necessity and a challenge. Enter House Bill 13, a proposal that could significantly alter the insurance landscape. Sponsored by Rep. Hillary Cassel of Broward County, this legislation seeks to make Citizens Property Insurance Corp. — a state-run insurer — available to all Florida property owners for windstorm coverage. The bill primarily targets…

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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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