News

Here's what you need to know about your flood zone.

Homeowners association fees in Florida have surged over the past year, driven by rising insurance costs and new safety regulations, leading to financial pressures on condo owners and declining condo market prices.

Due to recent legislative changes (HB 1503), effective as of July 1, 2024, approved surplus lines insurers – that meet specified criteria and are approved by the Office of Insurance Regulation (OIR) – may now participate in depopulation. Policies that are eligible for assumption by an approved surplus lines insurer are limited to those that provide coverage for a non-primary residence that does not have a homestead exemption.

Florida Governor DeSantis, alongside Florida Division of Emergency Management (FDEM) Executive Director Kevin Guthrie, visited areas impacted by Hurricane Debby to evaluate the damage and engage with residents and businesses about available recovery resources.

You may want to keep a close eye on your mailbox this month. Hundreds of thousands of Florida residents are expected to receive a letter warning they’ll be getting a new home insurance company.The state's largest insurer, Citizens, announced it is shedding a big chunk of its policies.

Sen. Rick Scott (R-Fla.) introduced a bill Wednesday that would provide homeowners a tax deduction on home insurance premiums.

The Florida Office of Insurance Regulation (OIR) is providing notice to insurers to file a Simplified 2024 Catastrophe Reporting Form (CRF) through the Insurance Regulation Filing System (IRFS).

Guy Carpenter delivers its verdict as limits and capital across reinsurers have increased

As Florida moves into the thick of hurricane season, former state and federal emergency management director Craig Fugate spoke in the state capital Tuesday.

Average price of premiums increased in every Central Florida county

Officials in one Eastern Carolina town say they’ve received the letter of final determination from FEMA for preliminary flood insurance rate map panels.

A new report shows that insurance rates for property owners in the Sunshine State have increased exponentially over the past few years.

Ryan Specialty has entered into an agreement with a managing general underwriter (MGU) majority owned by American International Group (AIG) and Stone Point Capital.

Florida homeowners are still getting hammered by rising insurance rates and some people are getting their policies dropped altogether.

Agents are required to disclose detailed information to policyholders.

Florida's commercial property market grew by more than 42% across admitted and non-admitted markets in 2023, the Florida Surplus Lines Service Office reported in a whitepaper released Monday.

Anthony McKelvy, co-founder and Managing Partner of Cayman Islands-based Northern Re, anticipates the casualty market to remain disciplined through the end of 2025.

Homeowners' insurance rates are set to increase again

Insurers in the United States may need to brace for a significant amount of loss costs this year due to the degree of severe weather events expected, according to the experts.

Thousands are now officially in a flood zone according to new FEMA maps. Those affected will have a deadline of Dec. 20 to find flood insurance coverage.