Between 2019 and 2023, average homeowner premiums in Florida surged nearly 60%. William Large | Florida Justice Reform Institute Condos getting hit hard by Florida’s property insurance premiums Old Port Cove Towers condo president Mike Beck says windstorm insurance is over a million dollars in North Palm Beach building Gov. Ron DeSantis earlier this month…
Do I wish my property insurance rates were lower? Yes. Do I love my insurance company? Not necessarily. Do I recognize all the complexities involved in Florida’s property insurance market? Indeed. In recent years, many Florida homeowners have faced escalating insurance premiums and dwindling coverage options. While some narratives suggest that insurers are unjustly profiteering,…
Florida House Speaker Daniel Perez called for hearings to investigate a report made public by the Tampa Bay Times last month that suggests property insurance companies misled the legislature that they were financially struggling. The claims of financial struggle came two years ago when the insurance industry was lobbying for legislation that made it harder…