Page 27 - Mark Friedlander News Today

Articles from the tag: flood insurance

Homeowners face uncertainty amid the upheaval that has emerged in Florida’s insurance industry in recent years.

Idalia hit a less populated area than Ian. But the damage caused by rising water during Idalia could pose the biggest financial threat to survivors looking to...

Industry unpredictability and soaring premiums have left families vulnerable.

'Woke' or broke? DeSantis alienates insurers when Florida needs them most, writes political science professor

The vast majority of Gulf Coast properties lack flood insurance in a state that's the nation's fastest growing and also one of the most vulnerable to impacts of climate change, and where the insurance industry is already under strain.

CEDAR KEY, Fla. — As cleanup begins in the aftermath of Hurricane Idalia, the storm has served as a stark reminder that Florida’s insurance industry remains in flux.

After some Florida insurance companies were accused of shortchanging customers’ claims after Hurricane Ian last year, Gov. Ron DeSantis and state regulators are warning insurance companies to make whole homeowners who experience damage from Hurricane Idalia.

As a major hurricane, Idalia not only threatens the lives of Floridians but also the progress of Florida’s property insurance market that was already in crisis.

Florida residents are already spending an average of $6,000 dollars on home insurance policies, four times more than the average in other states.