Florida property insurance claims News

After Commissioner’s Comments, Asphalt Roof Shingles Got a Bad Rap, Group Says

Rumors of the demise of asphalt shingles in Florida are greatly exaggerated. Asphalt shingles provide a great, cost-effective option for consumers. But in recent weeks, groups with varying interests and motivations — including those who sell roofing products that compete …

Florida Citizens’ Brass Tired of ‘Clickbait’ News on its Hurricane Claims Denials

Officials with Florida’s Citizens Property Insurance Corp. took issue Thursday with a number of national and Florida news reports that have suggested that the insurer has the “worst rate” on paying claims after recent hurricanes. “That’s just not accurate,” Citizens …

Florida to Borrow Billions to Backstop Insurers After Hurricanes

The state corporation that oversees the Florida Cat Fund is planning to borrow as much as $3.8 billion to ensure the fund has plenty of money on hand to reimburse property insurers for losses when homes are damaged or destroyed …