It has been one year since Superstorm Sandy wreaked havoc in the Northeast and many homeowners along coastal areas in the U.S. are now facing substantial increases in their flood …
Earlier this year, Governor Charlie Crist vetoed a bill (SB 2044) that would have been the beginning of a potential fix for Florida’s property insurance debacle. However, the state will be ringing in the New Year with a new governor, which many believe will breathe new life into bills aimed at protecting insurance agencies and consumers.
On December 9, Citizens Property Insurance, Corp. released its official “Inspection & Outreach Program Update.” The inspection program, which launched earlier this year, has been gaining increased attention amid an already heated Florida property insurance debate.
For a consumer, keeping up on this fast changing industry can be very confusing. To understand the state of the industry, we must first understand the current legislation and proposed bills that will directly affect it.