Florida Home Insurance

Changes to Florida laws are working as intended to help bring the state’s property-insurance market “back from the brink of collapse,” the head of Citizens Property Insurance Corp. said Wednesday.

In Florida's State Senate District 1 race, property insurance is top of mind. With Hurricanes Helene and Milton wreaking havoc across the state, the question of how to handle property insurance has become more urgent than ever.

The U.S. Senate Budget Committee, which in the past several months has raised questions about the finances of Florida’s Citizens Property Insurance Corp., will hold a hearing Wednesday about how climate change is affecting insurance markets.

The measure is aimed at educating buyers about the intensifying risks, although there are loopholes.

Gov. Ron DeSantis on Wednesday approved $200 million to continue a popular home-hardening grant program that could help about 20,000 mostly low- and moderate-income residents cut property-insurance costs.

Florida insurance companies made money last year for the first time in seven years. That is thanks to investment income and a mild hurricane season. That's according to an an S&P Global Market Intelligence analysis released last week.

The chief executive of Florida’s Citizens Property Insurance Corp. on Wednesday pushed back against financial questions raised by the chairman of the U.S. Senate Budget Committee, saying the insurer “will always be able” to pay claims.