Florida is one of the most expensive states for homeowners insurance, largely due to the heightened risk of hurricanes, floods and other severe weather. Annual premiums averaged $5,376 in January 2025, according to Bankrate data, compared to just $2,181 nationwide. Several insurers — including...
Florida CFO Jimmy Patronis joins 'Fox & Friends' to discuss the state's property insurance crisis as residents reel from Hurricane Milton. Facebook Twitter Email Copy to clipboard Copy to clipboard Tags WHAT TO WATCH SHOWS Live Now All times eastern ...
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said michael carlson, president and ceo of the personal insurance federation of florida which represents large insurers in the state and doesn't see large players leaving. for homeowners, however, the worries mount. "the reality is we may be forced out of our home where we hav...
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How we got here:Florida’s government-backed insurerCitizens Property Insurance Corp.was never intended to become the primary choice for homeowners' protection. But as of October 2023,it had more policies than any other insurer in the state. As a result, legislators decided to force customers ...
Allstate says "Thanks for all the home policy premiums. See you later" A reader by the name of Kathie sent us this recently: My 90 year old mother's homeowners insurance with Allstate was recently cancelled. All they are insuring is contents only and minimal at that. She has had her ...
Florida Homeowners Feel Pinch As Insurance Companies Bail OutChristina Sherry
Exacerbating that possibility for the state's residents is the number of homeowners who should have flood insurance but don't, including those living in areas most endangered by what could be a devastating storm surge. Florida's property owners still buy far more federal flood insurance than any...