Florida insurance crisis Archives - Creative Loafing Tampa

Florida’s Citizens Insurance focuses on ‘depopulation’ to decrease policy count

“We’ve got to do it for the health of the market.”

by Jim Saunders and News Service of Florida September 28, 2023June 18, 2024

“We’ve got to do it for the health of the market.”

Florida approves homeowners insurance firms to take up to 202,000 Citizens policies

The orders Friday do not mean that the seven insurers will take the full numbers of approved policies from Citizens.

by Jim Saunders and News Service of Florida September 5, 2023May 12, 2025

‘Address the question of why are they leaving!’: Republican former Florida senator addresses insurance company departures

Florida homeowners are losing property-insurance policies or facing major rate increases.

by Jim Turner and News Service of Florida July 14, 2023June 4, 2024

Farmers Insurance will ‘manage risk exposure’ by leaving Florida

Farmers said it will end residential, auto and umbrella policies in the state, forcing tens of thousands of customers to look elsewhere for coverage.

by Jim Saunders, Jim Turner and News Service of Florida July 11, 2023September 20, 2024

Florida regulators OK proposal that could send thousands of Citizens policies to other insurers

Citizens has seen explosive growth during the past two years as private insurers have dropped customers.

by News Service of Florida June 6, 2023August 3, 2023

Florida’s ‘last resort’ property insurance provider will increase rates by 6.4 percent

Citizens initially asked for larger rate increases, but the Office of Insurance Regulation scaled back the requests.

by News Service of Florida October 26, 2022August 3, 2023

Florida launches plan to temporarily help keep homeowners insured if ratings get downgraded

The plan involves the state’s Citizens Property Insurance Corp. acting as a financial backstop.

by Jim Saunders and News Service of Florida July 28, 2022August 3, 2023