The Florida Office of Insurance Regulation (OIR) announced that eight property and casualty insurers are coming to Florida following legislative reforms designed to promote market stability.
Efforts to rebuild a California town nearly wiped out by wildfire five years ago are being stymied by high home insurance costs.
AAA Insurance will be issuing non-renewals for a select number of homeowners in Florida, the company told News4JAX sister station WKMG on Thursday.
Gov. DeSantis is also making news after addressing the topic, on a conservative talk show, where DeSantis is urging patience and hoping for no hurricanes this season.
The Florida insurance market took a hit Tuesday, as Farmers Insurance said it will end residential, auto and umbrella policies in the state, forcing tens of thousands of customers to look elsewhere for coverage.
Two weeks into hurricane season, and two property insurance companies in Florida are scaling back policy coverage, citing their vulnerability to natural disasters like hurricanes and flood.
