Homeowners insurance

Homeowners insurance rates in Florida have always been above the national average, but in recent years they have risen to unprecedented levels.

The volume of active for-sale condo listings in the Sunshine State increased by 40% last month compared to a year earlier, Redfin said.

The home maintenance and management company Fixle, incubated by American Family, will retain the support of the insurer's venture capital arm as a minority investor.

The frozen rain pellets which can destroy roofs, sidings and windows were responsible for the largest percentage of insured loss last year.

Nationwide partners with DigitalOwl and Progressive Fleet rebrands, plus more news.

Homeowners from Sarasota south to Naples, known for its eight-figure waterfront mansions, are having a tougher time selling their properties, and the buildup in inventory has caused home prices to fall at some of the fastest rates in the nation.

Citizens Property Insurance Corp. reported that private insurance companies assumed 650,399 policies from the state's last-resort carrier in 2023.

Digital Insurance reached out to insurance professionals about property and casualty trends to expect next year.

Insurers are feeling the effects of the climate crisis but only 8% are currently attacking climate change head-on with strategic and proactive initiatives, according to Capgemini research.

Capco predicts a greater emphasis on collaboration between insurers and the DOI to ensure ongoing coverage for policyholders as the DOI will take on additional governance and responsibilities when partnering with insurers to protect insured individuals.