PROPERTY INSURANCE

Citizens property insurance policyholders are getting letters in the mail asking them to switch to private insurance companies. The state-backed "insurer of last resort" is switching 300,000 policies.

Citizens Property Insurance, the state’s “insurer of last resort” is sending policyholders letters that says they’ve received an offer of coverage from another private market insurance company.

Homeowners in the state of Florida who were already paying nearly triple the national average for property insurance, will be forced to pay even more after Hurricane Ian.

Florida's property insurance crisis is one of the biggest issues in the state right now. A local landlord tells News4JAX despite the rising costs, she has not passed it on to her tenants.

It’s no secret that Florida is in the middle of a property insurance crisis. In fact, Florida lawmakers are working on solutions, including hiring a consultant.

Nearly 80,000 Florida homeowners will have to find new insurance, after Southern Fidelity declared bankruptcy.

Less than a week after Florida lawmakers rushed to make property-insurance changes, a contractors group Tuesday filed a constitutional challenge that targets a new restriction on attorney fees in lawsuits against insurance companies.

With more than 850,000 policies, the state-backed Citizens Property Insurance Corp. has become an 800-pound gorilla in Florida’s troubled insurance market.

The Florida Senate has approved a sweeping legislative package meant to combat rising property insurance rates and other problems in the state’s turbulent insurance market, creating a $2 billion reinsurance fund and writing new rules around coverage denials and attorney fees.

The News4JAX I-TEAM is hearing from property insurance agents, lawyers and property owners about what they want to see come out of a special session called to deal with Florida’s property insurance crisis.

Governor Ron DeSantis called lawmakers into a special session next month to address the state’s troubled property insurance market. The session is set for May 23 through May 27.

In a stop in Jacksonville Monday, Florida Governor Ron DeSantis said he'll address the property insurance crisis in a special legislative session in May.