property insurance crisis in Florida News

Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida

Florida and much of the country face a real estate crash unless government officials deal with climate change, members of Congress said at a roundtable discussion Saturday in St. Petersburg. U.S. Sen. Sheldon Whitehouse, D-R.I., chair of the Senate Budget …

Insured Losses from Recent South Florida Floods Reaching into the Millions

Recent flooding in south Florida caused insured losses in the hundreds of millions of dollars, from auto and homeowners claims, Aon and AM Best reported. The Florida Office of Insurance Regulation is also reminding insurers to file simplified catastrophe reporting …

Florida Condo Sales, Prices Have Fallen Thanks to Insurance, HOA Costs, Redfin Says

Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a U.S. real estate and …