N@N

Florida home insurance: Reviewing the impact on state reforms

The article from Fox 13 News discusses the ongoing challenges and reforms in Florida's home insurance market. It highlights that despite efforts by state lawmakers to stabilize the market through reforms, such as reducing litigation and encouraging private insurers to take on more policies, the situation remains volatile. The article notes that while some insurers are starting to offer new policies, the overall cost of insurance remains high, and many homeowners are still turning to the state-backed Citizens Property Insurance Corporation for coverage. Additionally, the piece mentions that the reforms are being closely monitored to assess their effectiveness in attracting more insurers and reducing premiums, with a particular focus on the upcoming hurricane season as a critical test for the market's stability.

Read the Full Fox 13 Article at:
[ https://www.fox13news.com/news/florida-home-insurance-reviewing-impact-state-reforms ]