Articles by David Royse

Fla. Customers, Politicians Still Looking for Insurance Rate Cuts

About six months ago, Gov. Charlie Crist signed legislation he said would lower property insurance premiums, looked into the television cameras and proclaimed, “help is on the way.” He told Floridians they would finally get relief from insurance bills that …

Fla. Gov.Suggests Property Insurers not Following Rate Savings Law

Gov. Charlie Crist suggested Tuesday that some property insurers may be deliberately flouting a new state law that requires them to buy cheaper reinsurance and pass the savings on to consumers. Crist said he was concerned that some insurers might …

State Farm to Drop 50,000 Coastal Homeowners Policies in Fla.

State Farm Insurance, Florida’s largest private home insurer, said it will drop about 50,000 homeowners policies next year in what it considers risky areas along the coast. Most of the homes and condos that will lose their coverage are within …

Crist: Fla. Home Insurance Rates Haven’t Fallen as much as Hoped

Gov. Charlie Crist knows a new law hasn’t cut home insurance rates as much as he and consumers had expected. Crist said some insurance companies have not filed for rates as low as he had hoped after lawmakers changed state …

Fla. ‘Leaning Against’ More Backup Insurance for its Own Fund

The state catastrophe fund that pays damage claims when home insurers cannot is “leaning against” buying additional backup coverage for itself, because the cost would outweigh the need, Florida’s chief financial officer said Monday. The extra reinsurance for the Hurricane …

Fla. Lawmakers Urge Gov. Crist to Include KidCare in Special Session

Democratic legislative leaders wrote to Gov. Charlie Crist urging him to include simplifying KidCare in the list of things lawmakers try to tackle when they return to the Capitol in late June. More than a half million Florida children do …

Fla. Fire Situation Critical, 2 Neighborhoods Evacuated

Further evacuations were ordered Monday in windy, parched Florida as a wildfire crept within a quarter-mile of several homes. Residents in at least two areas of the state were ordered to leave, and hundreds more were on standby. Gov. Charlie …

Fla. Legislature Extends Citizens Rate Freeze

The Florida Legislature voted to extend a rate freeze for customers of Citizens Property Insurance. The May 4 measure was a top priority of Gov. Charlie Crist, but was among the last bills passed by the Legislature before it ended …

Fla. Senate Says No to Requiring Storm Shutters in High-Risk Areas

The Florida Senate has voted against requiring people with houses worth $300,000 or more in much of the state to buy hurricane shutters the next time they make any major home improvement. Critics said too many people simply can’t afford …

Fla. House Panel Moves Bill Banning Fla.-Only Insurer Subsidiaries

National insurance companies would be prevented from setting up new, Florida-only subsidiaries under a bill a House panel approved Monday, part of an effort to force property insurance rates lower to appease angry residents. In a further nod to consumers— …