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Florida Insurance News |
Premiums for new Citizens customers could rise up to 84 percent under Senate bill
A bill on the Florida Senate's special order would uncap rates for new customers and raise the annual rate cap on the company's existing 1.3 million customers - including about 130,000 in Palm Beach County - from 10 percent to 13 percent. Read more.
Gov. Scott says fix not kill PIP, but repeal effort gathers steam on auto insurance
Gov. Scott says he would prefer to mend instead of end the state's no-fault auto insurance system, but the state Senate is scheduled to resume a workshop to scrap what some lawmakers see as an outdated law that effectively forces Florida drivers to pay twice for medical insurance. Read more.
Why Florida property insurance rates have increased
As insurance industry leaders prepare for the upcoming state legislative session, they are faced with a seeming contradiction: even though Florida has not been struck by a hurricane in the past six years, property insurance rates have continued to increase. Read more. |
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Florida Insurance Resources |
Florida small-business insurance guide
Finding the best insurance plan to protect your business is one of the many important
decisions a small-business owner makes. This guide explains required and optional
coverage you need to consider. Read more. (Spanish) |
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Sinkholes and catastrophic ground collapse
Florida has more sinkholes than any other state in the nation. Florida law requires authorized insurers to cover "catastrophic ground cover collapse," but damage caused by a sinkhole may not be covered by your policy. That's because the law defines catastrophic ground cover collapse differently from sinkholes. Read more.
Auto insurance toolkit for Florida consumers
The minimum amount of auto insurance coverage needed to obtain a Florida license plate and vehicle registration is $10,000 dollars in Property Damage Liability (PD) and $10,000 dollars in Personal Injury Protection (PIP). Read more. (Spanish) |
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