Homeowners have faced a tough decision since the storm —continue living in unsuitable conditions or cut losses and move on. Renters have disappeared, and most of the mobile homes they occupied have been demolished. The remaining, marked with a red [...]
Chances are, many of you have Citizens Property Insurance. It’s currently the largest property insurer in the state, but that wasn’t the goal when it came into existence in the 90s. The insurer was supposed to be a last resort, [...]
As the planet warms, hurricanes are changing. They are getting stronger faster, bringing more flooding rain, pushing farther inland after they make landfall and tracking farther north in general. According to a new report from nonprofit organization First Street [...]
Florida residents affected by hurricane Ian are still facing a variety of challenges, from housing issues to financial hurdles. Preliminary estimates suggest that Hurricane Ian, which hit Florida in late September 2022, produced at least $50-65 billion in property and [...]
In the months since Hurricane Ian battered Southwest Florida devastating parts of the coast, data from the state Office of Insurance Regulation, shows nearly 40 percent of insurance claims have either been rejected or remain in limbo without payment. The [...]
When Hurricane Ian barreled into Punta Gorda, the powerful storm lingered over the city north of Fort Myers for hours. It pummeled the area with torrential rain and roaring winds: One gust reached 135 miles per hour, among the highest [...]
Millions of Florida property owners face requirements to buy flood insurance under a precedent-setting bill approved Wednesday by the state Legislature. It’s the first mandate of its kind in the country. The Florida flood-insurance requirement applies to properties across the [...]
The state-backed Citizens Property Insurance Corp substantially increased its estimated property damage costs from Hurricane Ian, with the tab now expected to reach $3.8 billion. Citizens last month projected its expenses at $2.3 billion to $2.6 billion from the Category [...]
Residents in Southwest Florida may get some relief this tax season. For Hurricane Ian victims, tax season in 2023 could actually bring some much-needed good news. Hurricane relief is on the way to those with damaged property from Ian and [...]
TALLAHASSEE — With private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50 percent in 2022. Citizens had 1,145,178 policies as of Dec. 30, up from 759,305 at [...]
