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Insurance Commissioner David Altmaier and state Chief Financial Officer Jimmy Patronis questioned the ratings agency, Demotech, Inc., and warned that such widespread downgrades could affect homeowners across the state.
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Homeowners and potential homebuyers have access to new funds, financial assistance in Palm Beach County.
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We look at the ongoing property insurance crisis in Florida and what lawmakers are trying to do to fix it. How the national baby formula is affecting families in South Florida. And an intentional shipwreck that鈥檚 helping coral reefs thrive.
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The hearings will come less than a week before the May 23 start of a special legislative session that Gov. Ron DeSantis called to grapple with widespread problems in the insurance market.
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Florida lawmakers will return to the Capitol the week of May 23 to address problems in the property insurance system that have led to homeowners losing coverage and facing soaring premiums.
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The Hammocks has the largest homeowner鈥檚 association in the state. And, it鈥檚 embroiled in cries of fraudulent elections and financial misbehavior. We meet the new mayor of Surfside. Plus, a group in Broward is trying to stop spring breakers from accidentally overdosing.
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Low interest rates, high rents and working from home combined to push many young Americans to buy their first home over the last two years. But it's not without challenges.
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Supply and labor shortages, and a backlog of work already underway, are to blame, the company says. But it will complete purchases that are already under contract in its program to flip properties.
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A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.
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The second largest home insurance company in Florida would have asked state regulators to raise premiums by 25 percent if it could have asked for a hike鈥
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A lot of South Florida millennials can鈥檛 afford to buy a home, according to a study by ApartmentList.com. About 40 percent of potential millennial鈥
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11/04/15 - Listen for Wednesday鈥檚 Topical Currents . . . when we鈥檙e 鈥淎t Your Service,鈥 about Condo and Homeowner鈥檚 Associations. If you鈥檙e an Association鈥