News & Views

Florida insurance regulators struggle to explain why stunning 2022 report wasn’t made public

That report said companies made billions while raising premiums for Florida property owners.

by Mitch Perry and Florida Phoenix March 17, 2025June 19, 2025

That report said companies made billions while raising premiums for Florida property owners.

News & Views

Florida lawmakers investigate claims that property insurance companies are hiding profits while saying they’re losing money

“Our purpose today is to find out if insurance companies have been allegedly ripping us off.”

by Jim Saunders and News Service of Florida March 17, 2025April 12, 2025

News & Views

Citizens, Florida’s state-backed property insurance, defends high rate of closed claims without payment

Despite the board members’ claims the reports weren’t factual, none of them disputed that Citizens closed 50.4% of claims without payment last year.

by Jackie Llanos and Florida Phoenix November 22, 2024December 9, 2024

News & Views

Experts worry Florida’s 2024 hurricane season could wipeout recent homeowners insurance ‘fixes’

The damage could run into the billions.

by Christine Sexton and Florida Phoenix October 14, 2024November 18, 2024

News & Views

Tampa Bay led state in Citizens insurance claims following Hurricane Debby

Citizens closed 75 claims with payments made to policyholders, while 682 claims were closed without payments.

by News Service of Florida September 11, 2024September 23, 2024

News & Views

Citizens, Florida’s state-backed property insurance, adds another 4,000 policies

Amid the hurricane season, policies are not expected to start leaving Citizens until late October.

by News Service of Florida August 20, 2024November 6, 2024

News & Views

Florida’s state-backed Citizens property insurance is seeking 13.5% rate hikes

That would translate to the average price of homeowners multi-peril policies going from $3,560 to $4,041.

by Jim Saunders and News Service of Florida August 2, 2024December 17, 2024

News & Views

Florida CFO Jimmy Patronis, who oversees state’s property insurance crisis, begs Trump to fix property insurance crisis

Florida Democratic Party criticized Patronis for “political games” and “passing the blame for the property insurance crisis in Florida.”

by News Service of Florida July 25, 2024June 1, 2025

News & Views

As hurricane season revs up, Florida’s state-backed property insurance continues to pile on policies

State leaders have long sought to limit the number of policies in Citizens.

by News Service of Florida July 2, 2024August 20, 2024

News & Views

Citizens, Florida’s state-backed property insurance, proposes 14% statewide rate hike

If the Board of Governors signs off on the proposal, the hikes also would need approval from the state Office of Insurance Regulation.

by News Service of Florida June 19, 2024August 22, 2024

News & Views

Citizens, Florida’s state-backed property insurance of ‘last resort,’ adds more than 5,000 policies before hurricane season

State leaders have long sought to reduce the size of Citizens, at least in part, because of financial risks if Florida gets hit by a major hurricane or multiple hurricanes.

by News Service of Florida June 4, 2024June 19, 2024

News & Views

Florida’s Mucarsel-Powell says property insurance reform is a top priority if elected to U.S. Senate

Scott campaign insists her plan ‘mirrors’ positions he has championed

by Mitch Perry and Florida Phoenix May 24, 2024October 22, 2024

News & Views

Citizens CEO says state-backed property insurance ‘will always be able’ to pay claims

As of Friday, it had 1.18 million policies, according to its website.

by Jim Saunders and News Service of Florida March 21, 2024July 2, 2024

News & Views

Florida considers raising cap on Citizens, the state-backed property insurance of last resort

Under current law, Citizens is barred from selling policies for homes with a “dwelling replacement cost” of $700,000 or more.

by News Service of Florida February 28, 2024June 8, 2024

News & Views

Florida lawmakers look at raising Citizens coverage cap to $1 million

Citizens has grown during the past three years to become the state’s largest property insurer.

by Jim Saunders and News Service of Florida January 17, 2024January 21, 2024

News & Views

College free speech, AI: Here are 10 big issues to watch as Florida lawmakers begin the 2024 session

Tied to his budget proposal, DeSantis has called for $1.1 billion in tax breaks.

by Jim Saunders and News Service of Florida January 3, 2024January 27, 2024

News & Views

Citizens, Florida’s property insurance of ‘last resort,’ doesn’t need any federal bailout, CEO says

Citizens was created as an insurer of last resort but has grown during the past three years to become, by far, the largest property insurer in the state.

by Jim Saunders and News Service of Florida December 7, 2023December 20, 2023

News & Views

As private insurers flee, U.S. Senate launches investigation into Florida’s Citizens Insurance

“If Citizens were unable to cover its losses, it is entirely possible that state leaders might ask the federal government for a bailout.”

by Jim Saunders and News Service of Florida December 1, 2023October 3, 2024

News & Views

Amid ‘depopulation’ efforts, Florida’s Citizens property insurance adds 6,000 new policies

Citizens had 1.331 million policies as of Friday, up from about 1.325 million a week earlier, according to data posted on its website.

by News Service of Florida November 1, 2023December 4, 2023

News & Views

Florida Republicans say they likely won’t focus on property insurance crisis during upcoming session

“In my opinion, we swung for the fences, and we got a lot done.”

by Jim Saunders and News Service of Florida October 10, 2023October 20, 2023

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Florida Property Insurance Crisis

Florida insurance regulators struggle to explain why stunning 2022 report wasn’t made public

Florida lawmakers investigate claims that property insurance companies are hiding profits while saying they’re losing money

Citizens, Florida’s state-backed property insurance, defends high rate of closed claims without payment

Experts worry Florida’s 2024 hurricane season could wipeout recent homeowners insurance ‘fixes’

Tampa Bay led state in Citizens insurance claims following Hurricane Debby

Citizens, Florida’s state-backed property insurance, adds another 4,000 policies

Florida’s state-backed Citizens property insurance is seeking 13.5% rate hikes

Florida CFO Jimmy Patronis, who oversees state’s property insurance crisis, begs Trump to fix property insurance crisis

As hurricane season revs up, Florida’s state-backed property insurance continues to pile on policies

Citizens, Florida’s state-backed property insurance, proposes 14% statewide rate hike

Citizens, Florida’s state-backed property insurance of ‘last resort,’ adds more than 5,000 policies before hurricane season

Florida’s Mucarsel-Powell says property insurance reform is a top priority if elected to U.S. Senate

Citizens CEO says state-backed property insurance ‘will always be able’ to pay claims

Florida considers raising cap on Citizens, the state-backed property insurance of last resort

Florida lawmakers look at raising Citizens coverage cap to $1 million

College free speech, AI: Here are 10 big issues to watch as Florida lawmakers begin the 2024 session

Citizens, Florida’s property insurance of ‘last resort,’ doesn’t need any federal bailout, CEO says

As private insurers flee, U.S. Senate launches investigation into Florida’s Citizens Insurance

Amid ‘depopulation’ efforts, Florida’s Citizens property insurance adds 6,000 new policies

Florida Republicans say they likely won’t focus on property insurance crisis during upcoming session