property insurance

Gov. Ron DeSantis has signed multiple bills that could lead to lower premiums in the future. For now, Florida homeowners face the highest insurance bills.

As Citizens Property Insurance Corp. waits for a decision on a plan that would lead to double-digit rate increases for customers, the state-backed insurer remains on a path to grow to 1.7 million policies by the end of the year

New estimates from a data analysis company shows home insurance premiums in Florida have actually been rising faster than in any other state — a lot faster.

State insurance regulators last week signed off on a plan that will lead to policyholders throughout Florida paying extra on their bills because of property-insurer insolvencies.

Critics said the bill mainly helped insurance companies, not Floridians struggling with rising premiums.

Florida lawmakers this week held a special session and passed a 105-page bill aimed at stabilizing the state’s troubled property insurance system.

Supporters said the changes are needed to stabilize the insurance market. Critics said the bill will not reduce rates and would make it difficult to challenge insurers in court.

With Florida’s property-insurance system in turmoil, state lawmakers could be poised to take major steps to try to stabilize the market during a special legislative session next week.

Gov. Ron DeSantis said Thursday he plans to call a special legislative session to provide property tax relief to people affected by Hurricane Ian, with the session possibly addressing property insurance issues.

The state may authorize an assessment to support the Florida Hurricane Catastrophe Fund. The same thing happened after Hurricanes Matthew and Irma.