As rates soared, this state-backed carrier amassed a staggering 1.25 million active policies. Now, however, that number is about to be halved as the state rolls out a depopulation initiative.

While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.

The U.S. Senate Budget Committee is investigating Citizens Property Insurance, Florida’s property insurer of last resort that now has the largest share of property insurance holders in the state.

If you have coverage through Citizens Property Insurance, you need to keep an eye on your mailbox.

Florida’s Office of Insurance Regulation held a hearing Thursday afternoon to determine if rate hikes approved by Citizens Property Insurance can go forward.

With Florida's property insurance crisis worsening after Hurricane Ian, Gov. Ron DeSantis is calling legislators back to Tallahassee to address the issue, as well as looking at offering property tax relief to those who lost their homes and businesses to the storm.

Any Florida resident who sustained property losses during Hurricane Ian is eligible for some tax relief under federal disaster protocol.

The Florida House of Representatives has given final passage to sweeping property insurance legislation.