Idalia inflicted a record storm surge and knocked out power for hundreds of thousands after making landfall in Florida, Wednesday morning as a powerful Category 3 storm, the strongest to touch down in Florida’s coastal Big Bend region in more [...]
Hurricane Idalia made landfall in Florida on August 30th, 2023, 75 miles southwest of Tallahassee, creating severe wind damage and flooding that has impacted hundreds of thousands of people. If you or a loved one are a victim of Hurricane [...]
Regulators have ordered the state-backed Citizens Property Insurance Corp. to revamp — and trim — proposed rate increases. Florida Insurance Commissioner Michael Yaworsky signed an order that took issue with parts of a Citizens rate proposal that included increasing [...]
For the next 90 days or so, Florida property owners are little more than sitting ducks, helpless to the whims of a merciless Mother Nature and the storms she’s capable of spooning up. The dice are loaded in favor of [...]
When a hurricane undergoes rapid intensification, its maximum sustained winds increase by at least 35 mph in 24 hours or less – driving up the danger the storm could pose to life and property. “Rapid intensification is associated with a [...]
The increasing frequency of severe weather events, especially in the past five years, is now accelerating the pullout of major insurance companies from states including Florida, Louisiana and most recently California, with some analysts now deeming those areas and other [...]
Florida’s Insurance Commissioner recently signed orders approving proposals from five companies to assume thousands of Citizens’ policies as early as October. Steps are now being taken for Slide Insurance Company, Safepoint Insurance Co., Southern Oak Insurance Co., Florida Peninsula Co. [...]
As the good citizens of Florida struggle to find property insurance carriers and with reasonable rates, know that Florida is not alone in their frustration. Homeowners insurance rates across the U.S. have been trending upward for more than five [...]
United Property and Casualty (UPC), the ninth property insurer in Florida to go insolvent since 2021, and the largest to do so in 15 years, left many of its Florida customers in a nightmare. “UPC appeared to abandon their customers [...]
State Farm is becoming a good neighbor to Florida again. The company regained its position as the state’s largest private market insurer — and No. 2 insurer overall — during the first quarter of the year, supplanting longtime No. 2 [...]
