Florida lawmakers look for property insurance answers
Florida House members Friday began digging into questions about property-insurance companies sending money to affiliated firms and shareholders while arguing the industry was losing money.
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Florida House members Friday began digging into questions about property-insurance companies sending money to affiliated firms and shareholders while arguing the industry was losing money.
Lawmakers have considered such proposals in the past.
A Florida company says its new technology is helping to build homes faster and at a lower cost amid the impacts of climate change.
Citizens' largest concentrations of policies are in South Florida.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
The approved companies are Slide, American Integrity and Trident Reciprocal Exchange.
Citizens President and CEO Tim Cerio applauds changes to state law.
State-run insurer had 987,744 policies in force as of Friday.
The state-backed property insurer had had 1,037,811 as of Friday, up from 1,035,534 policies a week earlier.
The state program provides critical backup coverage for property insurers.
Amid long-running efforts to shift customers into the private market, homeowners insured by Citizens Property Insurance Corp. plunged last week.
Two weeks after Hurricane Milton hit Florida, about 15.8% of insurance claims had been closed.
Navigating the insurance process after a natural disaster damages your home can be daunting. Here are some key tips.
Jim interviews former State Sen. Jeff Brandes about the economic effects Hurricane Milton might have in Florida.
Florida regulators have approved proposals by private insurers to take more than 300,000 policies in December from Citizens as the state continues to try to shrink the size – and risks – of its insurer of last resort.
Estimated insured losses in Florida from Hurricane Helene continue to climb, nearing $1.14 billion on Wednesday.
Hurricane Milton "poses a significant threat to the Florida property insurance market," particularly for insurers that focus their business on the state.
Florida regulators have approved proposals by private insurers to take more than 300,000 policies in December from Citizens.
Outside of Florida, roughly 99% of homeowners that sustained flooding are not covered, Insurance Information Institute estimates.
Adjusters in Florida say insurance companies altered Hurricane Ian damage reports to underpay homeowners. Whistleblowers detail what they found.
Homeowners not on the path of Hurricane Helene cannot escape insurance premium hikes.
Rising Florida home insurance rates, which surged 45% from 2017 to 2022, are likely to keep climbing along with the mercury, experts say.
Hurricane Helene could cause $3 billion to $6 billion in private insurance losses
Florida's Citizens Property Insurance Corp. could have fewer than 900,000 policies at the end of the year.
Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.
With credit card debt at a record $1.2 trillion, experts are urging cardholders to rethink their strategies before the costs outweigh the rewards.
With the markets so volatile, many people across the country are concerned about what that means for their financial futures.
Investigators combed through sediment Monday at the pond near Flamingo Road and Sunrise Boulevard
Florida Atlantic University economics professor Bryan Cutsinger says the immediate impact of tariffs will vary.
Two low-end weather threats, damaging winds and flash flooding, are forecast to develop as a cold front moves across the region.
With credit card debt at a record $1.2 trillion, experts are urging cardholders to rethink their strategies before the costs outweigh the rewards.
With the markets so volatile, many people across the country are concerned about what that means for their financial futures.
Investigators combed through sediment Monday at the pond near Flamingo Road and Sunrise Boulevard
Sunday night is the start of a new era at CBS News Miami. Here's a sneak peek.
Florida Atlantic University economics professor Bryan Cutsinger says the immediate impact of tariffs will vary.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
Tattoos have been used by the Trump administration to allege Venezuelan men deported from the U.S. are members of the Tren de Aragua gang.
The House speaker suffered an embarrassing defeat during a procedural vote last week that would have killed the Florida congresswoman's discharge petition.
President Trump and Israeli Prime Minister Benjamin Netanyahu met two days before new U.S. tariffs go into effect.
President Trump said he will slap more tariffs on imports from China if it doesn't withdraw a retaliatory tariff on U.S. products.
Kilmar Armando Abrego Garcia, a Maryland man, was deported to El Salvador on March 15 despite a protective order.
There has been a major development in the aftermath of our CBS News Miami documentary "Warehoused: The Life and Death of Tristin Murphy."
The former lieutenant governor sat down with "Facing South Florida" for her first interview since becoming FIU's interim president.
"Facing South Florida" devotes the entire half hour to taking an up-close look at President Donald Trump's first month in office.
"Facing South Florida" devotes the entire half hour to the immigration bill DeSantis signed and the tumultuous events leading up to it.
Jim talks to Republican State Senator Blaise Ingoglia, who has been in the immigration battle from the beginning.
Multiple FDA labs were cut amid Health and Human Services Secretary Robert F. Kennedy Jr.'s layoffs this week.
Around 170 staff were cut from the FDA's Office of Inspections and Investigations this week as part of wider cuts at U.S. health agencies.
Tony's Chocolonely is recalling some products after consumers reported finding "small stones" in the chocolate bars.
Some Egg Beaters and Bob Evans egg products have been recalled because they may include a cleaning solution, USDA says.
The CDC, along with local private partners, operates the program in at least six major airports across the country.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
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Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
Jay North, who starred on TV's "Dennis the Menace" for four seasons starting in 1959, has died.
Looking for the 2025 NCAA March Madness Final Four schedule? Here's how to stream the men's and women's games.
Bruce Springsteen announced "Tracks II: The Lost Albums" will feature seven full-length albums that were never released from 1983-2018.
The Tate Modern art museum has unveiled one of the most significant gifts it has received in years.
Nintendo has announced a June 5 launch date for its latest gaming console, the Switch 2.