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Governor Ron DeSantis’ proposed budget includes $430 million in tax cuts that aim to lower insurance premiums for homeowners, but the actual savings homeowners might see from the proposal are likely to be minimal.
Nationwide has joined a list of companies that are ending some homeowner insurance policies in Florida.
Concerns over what the next major storm, or storms, could bring to Florida has a U.S. Senate panel probing Florida’s top home insurer, Citizens Insurance.
An expert on Florida insurance said he still expects homeowners to pay more in property taxes in 2024 despite Gov. Ron DeSantis proposing ways to lower costs.
Citizens Insurance, the governor, and other state leaders received a letter informing them that a Senate budget committee is looking into the state-run company.