Florida homeowners insurance market News

Florida Insurtech HoneyQuote Rolls Out Real-Time Rating Engine, Adds Heritage to Platform

HoneyQuote.com has added a new carrier partner and launched its real-time rating engine, which lets Florida homeowners compare multiple home insurance quotes and purchase a policy online. The application is backed by proprietary technology that allows users to see in …

Report: More Than 87K Floridians Dropped by Home Insurers Last Quarter

State records show home insurers have dropped the policies of more than 87,000 Floridians in the third quarter of this year. The Palm Beach Post reports that state records also show half of the state’s top 10 property insurers served …

Cabrillo Coastal Launches Flood Coverage Endorsement for Florida Homeowners

Cabrillo Coastal General Insurance Agency, headquartered in Gainesville, Fla., is now offering a flood endorsement for new or existing homeowners policies for their admitted programs in Florida. Cabrillo’s flood product was built from a different rating structure than the National …

New Florida Insurtech Agency HoneyQuote Looks to Shake-Up Agency Model

A new insurtech agency has entered the Florida homeowners market space with a rating engine offering quotes from multiple domestic carriers and the ability to purchase coverage in one transaction. HoneyQuote.com, launching next month, was created by Franklyn Taveras and …

Florida Could Be Close to a Real Estate Reckoning

Ross Hancock sold his four-bedroom house in Coral Gables, a city of pastel luxury at the edge of Miami, because he was worried that sea-level rise would eventually hurt his property’s value. He and his wife, Darlene, downsized to a …

Fitch: Hurricane Irma Losses Substantial, But Won’t Weaken Insurer Ratings

Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on various loss estimates, according to a report from Fitch Ratings. The ratings agency said these losses will represent a substantial near-term earnings …