Published 4 months ago

New Florida law aims to hold insurers ‘feet to the fire’ as hurricane season begins

Summary by Ground News

Property insurance continues to weigh heavy on Floridians' wallets. Average cost of homeowners insurance in Florida is $2,385 per year or about $199 per month. The market remains shaky, as well, with companies still leaving. Lawmakers have already approved their budget for the upcoming fiscal year.

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WFLA-TV

New Florida law aims to hold insurers ‘feet to the fire’ as hurricane season begins

TALLAHASSEE, Fla. (WFLA) — Florida’s eventful 2022 hurricane season brought a storm of further reform on property insurance in the state. As homeowners enter this hurricane season with rising property insurance rates, state officials are putting more tools in the policyholders' toolbox. The governor signed off on three pieces of legislation Wednesday that “strengthen Florida’s property insurance market, expand the state’s home hardening and haza…

4 months ago·Tampa, United States

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WPTV

Florida property insurance market remains shaky as new hurricane season begins

As Florida recovers from last year's hurricane season, it now readies for another. The Legislature stepped up to help this lawmaking session, but is it enough as property insurance rates continue to climb and the market remains unstable? Last week, Gov. Ron DeSantis signed into law two disaster sales tax holidays worth $144 million. On Wednesday, he signed an expansion of property insurance discount programs for homes shielded against the wind.…

4 months ago

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