Florida insurance rates News

Florida CFO: Why Aren’t Florida Property Rates Falling Along with Reinsurance?

Florida’s top financial officer is questioning regulators on why reports of significantly lower reinsurance costs worldwide are not translating into reduced premiums for homeowners around the state. Chief Financial Officer Jeff Atwater in a letter this week to Insurance Commissioner …

Florida Senate Democrats to Oppose Property Insurance Rate Hikes

With Florida lawmakers expected to consider formal changes to the state’s property insurance market next week, state Democrats are signaling that they will likely oppose any measure that results in higher rates. Senate Minority Leader Chris Smith (D-Oakland Park) said …