insurance /tags/insurance insurance en-US WLRN Wed, 25 Sep 2024 13:27:26 GMT Why home insurance rates are rising so fast across the U.S. — climate change plays a big role /environment/2024-09-25/why-home-insurance-rates-are-rising-so-fast-across-the-u-s-climate-change-plays-a-big-role Nationwide, property insurance premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. Why is this happening? One common thread: Climate change is fueling more severe weather, and insurers are responding to rising damage claims. Wed, 25 Sep 2024 13:27:26 GMT /environment/2024-09-25/why-home-insurance-rates-are-rising-so-fast-across-the-u-s-climate-change-plays-a-big-role Andrew J. Hoffmann | The Conversation Citizens wants to hike insurance rates 14%. They would have to double them to be competitive /business/2024-08-14/insurance-home-property-premium-citizens Citizens Property Insurance policies continue to be significantly underpriced compared to private carriers, the company told state regulators. The insurer of last resort in Florida isn't meant to be competitive. But if it were, its average premium for regular homeowner's insurance would have to almost double. Wed, 14 Aug 2024 10:00:00 GMT /business/2024-08-14/insurance-home-property-premium-citizens Tom Hudson Federal legislation could cut homeowners insurance premiums by a quarter - report /business/2024-03-15/insurance-broward-commissioner-economic-report-federal-legislation A Broward commissioner is pushing Congress to pass legislation he says could lower insurance rates for Florida customers "immediately" — and by as much as 25%. Fri, 15 Mar 2024 22:09:20 GMT /business/2024-03-15/insurance-broward-commissioner-economic-report-federal-legislation Gerard Albert As home insurance bills go up, owners’ coverage is going down /government-politics/2024-02-20/home-insurance-bills-owners-coverage-economy Frequent natural disasters and high inflation have led insurers to raise premiums, and forced many customers to pare back their policies. Tue, 20 Feb 2024 19:00:00 GMT /government-politics/2024-02-20/home-insurance-bills-owners-coverage-economy Emily Flitter | The New York Times 30 Florida counties sue, saying consumers at risk in expansion of a home loan program /business/2023-12-20/florida-consumer-protections-pace-program As Florida’s insurance crisis makes hurricane hardening more important than ever, consumer advocates have pressed to reign in a popular — but controversial — loan program that allows homeowners to pay for new roofs or impact windows through their property tax bills. Wed, 20 Dec 2023 15:32:01 GMT /business/2023-12-20/florida-consumer-protections-pace-program Alex Harris | Miami Herald While courts examine abortion rules, some insurance firms are adding services /health/2023-10-30/while-courts-examine-abortion-rules-some-insurance-firms-are-adding-services The new legal landscape of abortion is causing more health insurance companies to think about the best way to offer equitable coverage across state lines. Some firms have decided to expand coverage for abortion services. Mon, 30 Oct 2023 21:30:00 GMT /health/2023-10-30/while-courts-examine-abortion-rules-some-insurance-firms-are-adding-services Joe Mario Pedersen Citizens customers have another week to take up private insurance offer /government-politics/2023-10-04/citizens-extends-depopulation-program-deadline-to-oct-10 The state-run company is giving customers until Oct. 10 to either accept or decline an offer to switch to the private market, which will help lower the insurer's risk exposure. Wed, 04 Oct 2023 17:48:52 GMT /government-politics/2023-10-04/citizens-extends-depopulation-program-deadline-to-oct-10 Lillian Hernández Caraballo Citizens ordered to rethink and revamp their proposed rates /florida-news/2023-08-21/citizens-ordered-to-rethink-and-revamp-their-proposed-rates Florida Insurance Commissioner is taking issue with parts of a Citizens proposal that would increase rates by 12% for homeowners with the most-common type of policies. Mon, 21 Aug 2023 20:30:00 GMT /florida-news/2023-08-21/citizens-ordered-to-rethink-and-revamp-their-proposed-rates Jim Saunders Brace yourselves Floridians, the promised insurance relief isn't expected soon /government-politics/2023-07-14/brace-yourself-floridians-the-promised-insurance-relief-isnt-expected-soon The cost of homeowners insurance in Florida has increased 100% over the last few years Fri, 14 Jul 2023 15:01:53 GMT /government-politics/2023-07-14/brace-yourself-floridians-the-promised-insurance-relief-isnt-expected-soon Eileen Kelley Farmers Insurance exits Florida, forcing customers to find coverage elsewhere /business/2023-07-11/farmers-insurance-exits-florida-forcing-customers-to-find-coverage-elsewhere The Florida insurance market took a hit, as Farmers Insurance said it will end residential, auto and umbrella policies in the state. Tue, 11 Jul 2023 18:37:56 GMT /business/2023-07-11/farmers-insurance-exits-florida-forcing-customers-to-find-coverage-elsewhere Jim Saunders and Jim Turner of The News Service of Florida