Page 66 - Mark Friedlander News Today

In-depth analysis and perspectives on the issues, people and ideas that define Florida. Statewide coverage of top economic sectors and industries.

Why their homeowners' crises are linked but very different

The average Florida homeowner will spend $4,231 to insure their home this year, which is nearly three times more than the national average of $1,544.

There's some good news for South Florida customers of Citizens Property Insurance Corp.: State insurance regulators have ordered the company to reduce rates for tens of thousands of homeowners in Broward, Miami-Dade and Palm Beach counties who wouldn't have qualified for the reductions under Citizens' original rate-hike proposal.

Most homeowners insured by Citizens will only see rate increases of 6%, while rest of market sees premiums double, triple

The Insurance Information Institute estimates Floridians will pay an average of $4,231 to insure their homes in 2022.

Florida insurers are canceling tens of thousands of homeowner policies, leaving residents struggling to find coverage at the start of a hurricane season

The attorney who filed the first US lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder victory

The attorney who filed the first U.S. lawsuit seeking insurance coverage for a business shut down because of coronavirus won the first policyholder

Many firms have long refused coverage or charge more for pit bulls and other dogs considered more dangerous, but New York and other states say policies shouldn’t be breed specific.