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9% Predicted Jump in Home Insurance Rates in 2023 

25 Apr
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According to a new report by online marketplace Insurify, average homeowner insurance premiums are headed up again in 2023. The report predicts that the average cost of homeowners insurance could jump up 9% which translates into about $150 increase for most homeowners. The pain will not be distributed equally, homeowners in some states will see […]

Florida’s failed home insurance market continues, will Louisiana be next?

15 Feb
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The Louisiana Legislature, in a special session last week passed and funded legislation that is designed to deter insurers from leaving the Louisiana homeowners market. Recent hurricanes have caused financial stress for insurance companies operating in the state. In addition, several insurers have gone into insolvency.  Experts have made comparisons between the Louisiana insurance market […]

Florida Has a New Property Insurance Law – Will it Benefit Homeowners?

09 Feb
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The Florida homeowners insurance market has been in trouble for years now and the recent hurricane season that resulted in Hurricane Ian hitting the west coast of Florida and Hurricane Nicole hitting the east coast weeks later certainly hasn’t helped. Insurers that have been struggling for years had a hard time covering all the claims that came out […]

Will Florida’s High Homeowners Insurance Premiums Continue in 2023?

27 Jan
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According to the Insurance Information Institute, the pain Florida homeowners have been feeling in recent years regarding sky high homeowners premiums will continue in 2023. The Insurance Information Institute is predicting an average increase of about 40% this year for Florida homeowners. This is despite the fact that Florida lawmakers approved sweeping reforms in a […]

AM Best Analysts: Florida Has the Most Premiums in Homeowner Insurance Lines

14 Dec
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According to an AM Best analysis, Florida is the state with the most premiums in homeowner insurance lines. While Florida is the third most populous state in the country, it generated a whopping $12.4 billion of homeowners direct premiums in 2021 which is more than the most populous state, California. The Golden State generated $11.2 […]

Florida’s Distressed Property Insurance Market Update

08 Dec
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In Florida, a former state senator has been petitioning lawmakers to address Florida’s distressed property insurance market and is now advocating for reforms ahead of another special session that has been called to address the issue later this month. “It’s the most urgent pocketbook problem facing Florida today,” said former Republican state Sen. Jeff Brandes […]