Articles by Gary Fineout

Florida Cat Fund Has $13 Billion As Hurricane Season Starts

Florida is heading into hurricane season with good news. The state-created fund that backs up private insurers in Florida appears to be in very good financial shape again this year. New projections show that the Florida Hurricane Catastrophe Fund should …

Surplus Lines Insurers Could Pick Up Citizens Policies Under Senate Bill

Homeowners seeking coverage from Citizens Property Insurance could wind up getting policies from out-of-state insurers that are exempt from many of the state regulations other insurers must honor. The Florida Senate on Friday voted 22-16 for a property insurance bill …

Florida Homeowners Insurance ‘Bill of Rights’ Slowed by Fraud Measure

Florida’s chief financial officer went to the Legislature this spring with a simple request: grant additional protections to customers dealing with property insurance companies. But the push by Jeff Atwater is in serious jeopardy. That’s because insurers, such as State …

Legislative Battle Underway Over 2019 Florida High Court Picks

The future of the Florida Supreme Court is sparking a legislative battle over whether the state’s next governor — or the governor after that — will have a say in who will be on the court. Senate Republicans are backing …

Florida Homeowners Market ‘More Competitive,’ McCarty Finds

Homeowner insurance rates are finally coming down in Florida nearly a decade after the last hurricane hit, the state’s insurance commissioner says. But the report by Insurance Commissioner Kevin McCarty also showed that some of the state’s larger insurers have …

Report Casts Light on High Cost of Homeowners Insurance in Florida

Floridians are paying the highest homeowner insurance rates in the nation even though the state has not been hit by a hurricane in nearly a decade. A national report shows the average premium for most Florida homeowners is $1,933 a …

Florida Hurricane Fund Financial Condition As ‘Strong As Ever’

Florida is ending this year’s storm season with some good news. The state-created fund that backs up private insurers in Florida remains in the best financial shape it has been since it was created 20 years ago. New estimates drawn …

Florida Ban on Texting While Driving Now in Effect

Florida is joining 40 other states in the U.S. where it is illegal to text and drive. The ban is one of more than two dozen laws passed by the Republican-controlled Legislature scheduled that kicked in on Tuesday, Oct. 1. …

Florida’s Citizens Has New Plan to Shift 200,000 Policies to 8 Private Insurers

Florida’s largest insurer could be shifting thousands more of its policyholders away from the state-created company and into private insurance companies. The head of Citizens Property Insurance Corp. announced Friday that as many as 200,000 customers from across the state …

Florida’s Citizens Signs with 10 Insurers to Take Nearly 400,000 Policies

Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance companies absorb nearly 400,000 Citizens …