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Sheldon Whitehouse, a Rhode Island senator, said in a hearing on Wednesday that Florida's property insurance market looks to be "swirling the drain." But his remarks ignored recent improvements that followed legislative reforms.
Beginning June 1, Florida insurance companies will need to purchase re-insurance for the upcoming hurricane season and a warning, that it's not going to be cheap.
With hurricane season just over two weeks away, Citizens Property Insurance's Board of Governors met to discuss a new requirement that aims to cut down on risk.
As Citizens Insurance still tries to move more policies off its books to private insurance, some homeowners are ending up back with the insurer of last resort.
Florida Chief Financial Officer Jimmy Patronis is hosting a roundtable discussion Thursday morning centered around the state's home insurance crisis.