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  2. These 7 Florida insurance companies OK'd for 168K Citizens ...

    www.aol.com/7-florida-insurance-companies-okd...

    Florida Peninsula began writing home insurance in Florida in April 2005. It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state through a network of 2,500 ...

  3. Florida's homeowner insurance is in crisis. Some think ... - AOL

    www.aol.com/floridas-homeowner-insurance-crisis...

    Florida's homeowners insurance crisis has become a nightmare for many homeowners, driving them out of the state. Home insurance premiums continue to increase, with limited competition in the market.

  4. Is Florida Finally Fixing Its Broken Homeowners Insurance Market?

    www.aol.com/news/florida-finally-fixing-broken...

    Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...

  5. Citizens Property Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Citizens_Property...

    That issue was one of the reasons cited by insurance companies leaving Florida according to the Insurance Commissioner Michael Yaworsky. [37] In August 2023 FOIR announced that Mainsail Insurance Company from Texas was approved to operate in Florida. They also disclosed that 280,000 of Citizen's policies were approved for assumption by several ...

  6. Can lawmakers save the collapsing Florida home insurance market?

    www.aol.com/finance/lawmakers-save-collapsing...

    The Florida OIR established a reinsurance fund through its last-resort insurer, Citizens. This means that if an insurance company’s financial strength rating is downgraded below the ‘A ...

  7. Why the Florida homeowners insurance crisis should ... - AOL

    www.aol.com/news/why-florida-homeowners...

    Thanks to mounting hurricane losses, home insurance premiums in Florida have risen an astonishing 300% in the last five years, according to the financial news site Benzinga. Residents there now ...

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