Florida News

Former Florida Fire Captain Charged With Padding Living Expenses on Citizens Claim

A retired south Florida fire captain has been arrested for insurance fraud, charged with vastly overstating the number of nights he was forced to stay in a resort hotel while his home was under repair. Florida’s chief financial officer said …

Florida Flooding Emergency Worsens as More Rain Lands on Miami

Florida is in a state of emergency after downpours flooded Miami streets, soaked Fort Lauderdale with its rainiest June day ever, grounded hundreds of flights and forced officials to issue rare emergency flood warnings. And on Thursday more rain is …

Florida’s 125% Surge in Property-Insurance Bills Sows Havoc

For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida was battered with ever more-powerful storms, and eventually, the numbers stopped adding up. So in March, she finally decided to …

Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes

Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that …

FEMA: SW Florida Stripped of Flood Insurance Discounts After ‘Improper Rebuilds’

After spiking premiums, nonrenewals and complaints about unpaid claims, more than 115,000 property owners in southwest Florida are now facing a new slap in the face after 2022’s Hurricane Ian: 25% higher flood insurance rates because local officials reportedly allowed …

Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says

Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a collective profit for the first time in seven years, S&P Global Market Intelligence reported this week. The turnaround for 2023 …

‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive

A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But other insurance-related bills are still alive, and the governor’s …

Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit

In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar Kevin Durant’s penthouse in …

Early Morning Storms Leave Path of Damage from Tampa Bay into North Florida

CLEARWATER, Fla. (AP) — A storm system that moved across parts of Florida early Thursday left a path of damage to cars, houses and businesses, authorities said. “We were very fortunate,” Jevon Graham, the Clearwater Fire and Rescue division chief …

Fla. Agriculture Losses Estimated Between $78M and $371M from Hurricane Idalia

ST. PETERSBURG, Fla. (AP) — Florida agriculture losses from Hurricane Idalia are estimated at between $78 million and $371 million, with producers also suffering widespread damage to such infrastructure as irrigation rigs and fences, according to a preliminary report Thursday …