Florida's Citizens Property Insurance requests a 2.6% homeowners rate cut for 2026 reflecting strengthened market conditions and legislative reforms reducing litigation costs. Nearly half of policyholders may see premium decreases amid private market competition and moderating reinsurance costs.
Florida CFO Blaise Ingoglia alleges $344M waste in Palm Beach County budget, but officials dispute methodology and potential service cuts amid inflation and tax reform debates.
Eileen Higgins wins Miami mayoral race, becoming the first Democrat mayor in nearly 30 years in the Hispanic-majority city.
Learn how ZIP code designations in Fort Myers, FL affect homeowner and auto insurance rates, prompting regulatory and legislative actions to address rate disparities.
A fatal pedestrian crash on US-41 in Bradenton, Florida prompts a detailed Florida Highway Patrol investigation and highlights the complexities of wrongful death claims and insurance law.
Florida and Georgia lawsuit reforms reduce insurance premiums and litigation-driven cost inflation, benefiting policyholders with lower rates and market stability.
As Florida faces rising utility rates and surging household costs, gubernatorial candidates propose varied strategies on affordability, utility regulation, and energy policies ahead of 2024 elections.
Florida introduces a bill proposing a voluntary marketplace for employees to use premium contributions via individual coverage HRAs, including Medicaid benefit allocation options, managed initially by the state transitioning to self-sustainability by 2029.
Florida's property insurance reforms are fostering market stability while addressing litigation, accountability, and claims handling to strengthen the sector.
Florida's 2022-2023 insurance reforms have significantly stabilized its P&C market by reducing litigation abuse and attracting reinsurers, according to Insurance Commissioner Mike Yaworsky. The reforms curb assignment-of-benefit abuses and reduce claims litigation, leading to improved market stability and expanded consumer coverage options.
