Virginia drivers are in for a change
Starting July 1, all Virginia drivers will need insurance.
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Starting July 1, all Virginia drivers will need insurance.
Florida, reinsurers and what comes next for the sunshine state
Starting July 1, every Virginia car owner will be required to purchase auto insurance, thanks to a new law passed in 2023.
State and federal lawmakers will be in Fort Myers Thursday hearing from a panel of experts and homeowners impacted by Florida’s sharp rise in property insurance rates.On average, Florida homeowners saw more than a 100 percent increase in premiums in the last three years. Last year alone prices rose 42 percent for Floridians, says Mark Friedlander of the Insurance Information Institute.The Florida Property Insurance Crisis Hearing will be similar to a congressional hearing. Congressman Matt Gaetz is host.
The state-backed insurer of last resort, Citizens, is finally seeing policy counts drop after years of rapid increases.