Spokesperson for the Insurance Information Institute. Some of the doubts were voiced from within the ruling GOP caucus in Tallahassee. Jim Boyd cautioned his colleagues this week.
If you're a homeowner in Florida, chances are that your property insurance rates are increasing at an unprecedented pace. With insurers raising rates by as much as 111%, declining coverage or going insolvent, homeowners are feeling the brunt of a weakened insurance market. With no substantive new insurance legislation passed this year and the market in.
Thomas and Eileen Schoenberg had to get a new homeowners insurance policy when purchasing their St. Lucie County condominium in December 2019. Capital Insurance Agency, Inc., had offered them a yearly rate around $1,100, Thomas Schoenberg said. The couple successfully found a cheaper alternative, a roughly $1,700 annual policy with Florida Peninsula.
Jessica Long, 29, was in standstill traffic in her vehicle on Interstate 95 in Jacksonville on Dec. 15, 2018, when Virjona Gjuraj, driving a Honda, collided with the back of her car. After a lengthy legal battle that began in October 2019, a Duval County jury awarded Long a $16.4 million settlement against her insurance company, Travelers Home and Marine Insurance.