“Property insurance costs continue to be the fastest growing subcomponent of mortgage payments among existing homeowners,” said Andy Walden, head of mortgage and housing market research at ICE Mortgage Technology. “While mortgage principal, interest and property tax payments have all increased in recent...
Last week Florida insurance regulators triumphantly announced a barrage of fines, totaling $2.1 million, against eight property-insurance carriers for violating multiple consumer-protection laws and their own policy language in the wake of Hurricanes Ian and Idalia.
The list of sins (which the companies have...
After years of turmoil, recent reforms have steadied Florida's property insurance market, drawing in new insurers and driving up reinsurer appetite.As of August, the Florida Office of Insurance Regulation has approved 15 carriers to write business in the Sunshine State since legislative reforms...
