Skip to content
Marketing Needs Experts

Marketing Needs Experts

James I. Hoomana

Primary Menu Marketing Needs Experts

Marketing Needs Experts

  • Finance & Oportunity News
  • Business startup
  • Business Way
  • Loan Balance
  • Insurance
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Florida’s Homeowner’s Insurance Market Continues to Spiral with Nine Companies in Liquidation
  • Insurance

Florida’s Homeowner’s Insurance Market Continues to Spiral with Nine Companies in Liquidation

James I. Hoomana 30/03/2022 4:04 AM

It was negative it is gotten even worse.

>>> STREAM CHANNEL 9 EYEWITNESS News Live <<<

“They say my roof is too old and that is why they’re dropping me,” said Volusia County homeowner Douglas Zimmer. “I’m shopping around right now, but what am I going to do in November, what will happen to my coverage then?”

READ: EXPLAINER: Why bond yields may be warning of a recession

Douglas is like many Floridians right now, facing skyrocketing rates and policies with fewer protections.

“My agent is looking into it, but I’m going to be paying more,” said Douglas.

“Mine’s gone up more than one-hundred percent,” says Orange County homeowner Evan Dimov. “I was shocked when I shopped around, it just didn’t seem like anyone wanted my business.”

READ: Does the IRS owe you money? Clock ticking to collect $1.5B in unclaimed 2018 refunds

Critics say what’s driving this crisis is a pair of things: lawsuits and fraud. Last year more than 100,000 lawsuits were filed for property claims. That’s 130-times more than any other state in the country.

“It’s just becoming a financial burden to homeowners that is above and beyond,” says Chris Cury of the Florida Association of Public Insurance Adjusters.

Across the state, nine property insurance companies have entered liquidation with some of their policies being picked up by other carriers, while thousands pour into the state-backed Citizens Property Insurance, with the insurer of last resort now above 1 million policies after being at just 400,000 a few years ago.

READ: Energy agency: ‘Radical action’ needed to hit climate goals

On Tuesday, the Florida Cabinet received a briefing on the homeowner’s insurance market with leaders saying that a bill passed in 2021 (SB76) is showing some improvement, but leaders concede that more needs to be done and the Florida Legislature will have to act. The Governor has indicated he’ll sign a bill dealing with the crisis has stopped short of calling a special session to deal with the issue, instead indicating he’d like the House and Senate to come to an agreement on a solution first.

Click here to download the free WFTV news and weather apps, click here to download the WFTV Now app for your smart TV and click here to stream Channel 9 Eyewitness News live.

Post Navigation

Previous Nashville Personal Injury Lawyer: What Are the Benefits of Hiring One? – Bizmaa: Business Advisor
Next Bronson Abstract Company Specializes in Title Insurance in Bentonville and Rogers, Arkansas

More Stories

Construction Insurance – Importance and Coverage
  • Insurance

Construction Insurance – Importance and Coverage

James I. Hoomana 08/11/2024 7:58 AM 0
Six Sigma Certification – When Corporate Politics Hinder Success
  • Insurance

Six Sigma Certification – When Corporate Politics Hinder Success

James I. Hoomana 06/11/2024 9:18 PM 0
Principal Benefits Of Building And Construction Management Services
  • Insurance

Principal Benefits Of Building And Construction Management Services

James I. Hoomana 03/11/2024 5:39 PM 0
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    

Archives

Recent Posts

  • Inside US–China Trade Negotiations in 2025
  • Navigating China US Tariffs on Imports
  • Best Budgeting Apps to Transform Your Finances
  • The Ultimate Household Budget Planner You Need
  • 5 Must-Have Design Tools for Small Business Marketing

BL

Tags

American Express Business Cards Att Business Customer Service Att Business Internet Att Business Login Bad Business Codes Bank Of America Small Business Buffalo Business First Business Administration Jobs Business Administration Salary Business Analyst Jobs Business Card Dimensions Business Casual Female Business Casual For Women Business Casual Women Outfits Business Ideas 2021 Business Letter Example Business License California Business Name Search Business Process Reengineering Business Proposal Template Buy A Business Card For Business Chase For Business Chase Ink Business Card Columbia Business School Costco Business Center San Jose Emirates Business Class Facebook Business Account Fictitious Business Name Florida Business Entity Search Ga Sos Business Search Georgia Business Search Google Business Email Houston Business Journal Illinois Business Search Instagram Business Account Is Lularoe Still In Business London Business School Master Of Business Administration Men'S Business Casual Pittsburgh Business Times Qualified Business Income Deduction Sacramento Business Journal Secured Business Credit Card Standard Business Card Size

Partner Links

businessinsider
databytehub

links

Ride the Ai Wave Up
Master Your Nomad Wiz

BR

yogurtagent
plasticreuse

bp

backlinkplacement.com

You may have missed

Inside US–China Trade Negotiations in 2025
  • Business Way

Inside US–China Trade Negotiations in 2025

James I. Hoomana 20/05/2025 12:53 PM
Navigating China US Tariffs on Imports
  • Business Way

Navigating China US Tariffs on Imports

James I. Hoomana 15/05/2025 12:33 PM
Best Budgeting Apps to Transform Your Finances
  • Finance & Oportunity News

Best Budgeting Apps to Transform Your Finances

James I. Hoomana 10/05/2025 3:09 AM
The Ultimate Household Budget Planner You Need
  • Finance & Oportunity News

The Ultimate Household Budget Planner You Need

James I. Hoomana 08/05/2025 3:07 AM
5 Must-Have Design Tools for Small Business Marketing
  • Sports

5 Must-Have Design Tools for Small Business Marketing

James I. Hoomana 06/05/2025 7:05 AM
phidiastavern.com | CoverNews by AF themes.

WhatsApp us