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Citizens Property Insurance pulls back on rate hikes
June 20, 2019 11:30AM
In some rare good news for South Florida homeowners, the state’s property insurer said it will scale back on its previously planned rate hikes....
Tech-driven insurer Lemonade set to expand into Europe
June 16, 2019 11:00AM
A company that started selling renters’ insurance in New York, then expanded nationwide, is set to start operating outside the U.S. for the first...
“No one should be lending for 30 years in most of Florida,” financial climate analyst warns
May 15, 2019 02:30PM
Real estate lenders and investors are ignoring the rising threat that climate change poses in Florida, which could spell disaster for the state’s economy,...
Insurance premiums could rise as more extreme storms hit coastal markets
March 26, 2019 12:30PM
It’s no secret that coastal homes are becoming more vulnerable to extreme weather and other effects of climate change. But the cost of living...
Rental insurance startup Jetty raises $25M in Series B
February 07, 2019 10:30AM
The rental insurance startup Jetty has raised $25 million in a Series B funding round led by Khosla Ventures’ Keith Rabois, the company announced...
Reinsurers want rates raised after natural disasters tally billions in real estate damage
January 02, 2019 03:00PM
Miami has been hit with hurricanes and Los Angeles has endured devastating wildfires. Those are just two cities that have dealt with recent natural...
Scott requests to freeze property insurance rates following Hurricane Michael
October 15, 2018 04:30PM
Florida Gov. Rick Scott is seeking to keep insurance property rates steady in the wake of the damages caused by Hurricane Michael. Scott directed...
As more property insurers turn to AI and drones, flaws emerge
August 06, 2018 04:30PM
As South Florida braces for hurricane season and as wildfires devastate California, property insurers are increasingly using aerial technology and artificial intelligence to process...
Palm Beach condo loses hurricane insurance fight
August 28, 2014 11:15AM
A Palm Beach County condominium association lost a court battle over a $5 million insurance payout for hurricane damage. Boca Bayou Condominium Association had only...
Hollywood home insurer giant ordered to slash rates
October 09, 2013 03:00PM
American Security Insurance Company, the Hollywood-based force-placed homeowner insurance company that is the largest of its kind in the state, must lower its policy rates...
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