Florida property insurance costs News

Creditors Move to Force Giuliani to Insure His Florida Condo Until It’s Sold to Pay Debts

Full-time Florida residents and snowbirds aren’t the only ones having trouble obtaining insurance on their condominiums. Rudy Giuliani, the former New York Mayor and longtime attorney for Donald Trump, has told a bankruptcy judge that he can’t afford to pay …

Army Corps Approves Massive Beach Renourishment for Jacksonville Area

The U.S. Army Corps of Engineers has given approval to a $32 million plan to renourish much of the critically eroded beaches near Jacksonville, a project that could throw a lifeline to tourism and insured properties in the area. The …

Citizens to Hold Off on 2016 Sinkhole Rate Increases, For Now

In Citizens’ 2016 rate proposal, approved last month by the Citizens Board of Directors and awaiting approval by the Florida Office of Insurance Regulation, the insurer of last resort did not recommend any sinkhole rate increases for 2016 for most …

Even Without Big Storms, Florida Property Insurance Costs Rise

Marco Tarafa was stunned to find that his homeowners’ policy is increasing by nearly $1,000 a year —all because inspectors couldn’t get into his attic, where there was no crawl space and about 24 inches of insulation. Tarafa was a …