Property Insurance Market – Courtesy: Shutterstock – Image by Alexander Raths Two more insurance companies have been given permission to join the Florida insurance market, according to a statement released by the Office of Insurance Regulation (OIR) on Wednesday. With eight more insurance companies now operating in Florida, industry officials anticipate that this will increase
Insurance premiums – House in Florida – Courtesy: Shutterstock – Image by Mark Winfrey According to recent reports, Florida homeowners are considering selling their homes, canceling their insurance, and even leaving the state as a result of the state’s soaring insurance premium costs. The state has long been a popular vacation spot for many Americans,
Car insurance form & key on table — Courtesy: Shutterstock — Africa Studio Florida residents already struggle financially with sky-high property insurance premiums, and now they must also contend with sky-high car insurance premiums. The Insurance Information Institute’s insurance expert Mark Friedlander gave Local 10 News some money-saving advice. “Sticker shock, we were seeing it,
Homeowners looking to buy or rent (Not pictured); Empty Homes Florida — Courtesy: Shutterstock — Artazum According to data from Florida International University and Florida Atlantic University, rent rates may continue to grow in South Florida. Is it therefore wiser to buy or rent right now for people migrating to the Sunshine State? One hundred
Beautiful blue home in Florida – Courtesy: Shutterstock – Image by Mark Winfrey Four Florida regions are among the top five markets, according to CoreLogic, a business that analyzes property data, where there is a chance of a drop in home prices in the coming 12 months. CoreLogic identified the regions they feel are most
Man viewing receipts in supermarket and tracking prices during inflation – Courtesy: Shutterstock – Image by Denys Kurbatov Ron DeSantis, governor of Florida and candidate for the Republican presidential nomination, believes that his state ought to serve as an example for the rest of the country. Add an asterisk for inflation. According to the most
Farmers Insurance – Courtesy: Shutterstock – Image by Jonathan Weiss Tens of thousands of Floridians will be impacted by Farmers Insurance’s decision to discontinue offering coverage in the state on Tuesday, ending house, auto, and other insurance. The state’s insurance market appears to be getting more insecure as a result of a rising threat from
Rising inflations costs in FL: South Florida shoreline – Courtesy: Shutterstock – Image by pisaphotography Florida, where housing costs are consistently out of control, is currently the inflation hotspot in the United States. With a 9 percent inflation rate for the year that ended in April, the Miami-Fort Lauderdale-West Palm Beach region has the highest
Car insurance paperwork – Courtesy: Shutterstock – Image by BLACKWHITEPAILYN Drivers in Florida pay almost twice as much for auto insurance as those in the rest of the nation. According to Jeffrey Larmore, “We actually had to switch auto insurance because it was almost $300.” One of the most costly states in the US for
Property Insurance Market – Courtesy: Shutterstock – Image by Alexander Raths On Thursday, the hurricane season officially begins. However, no matter how many storms Florida experiences this year, individuals there are already having difficulty finding homeowner’s insurance. In Florida, there is hardly any presence of national insurers. More than half of the market in the