homeowners insurance

State lawmakers will meet to pass more legislation aimed at fixing the troubled property insurance market, which took another blow after Hurricane Ian destroyed thousands of homes.

On this week's Florida Roundup, we discuss Florida's troubled property insurance industry, along with Andrew Warren's trial against Gov. DeSantis and how hurricane forecasting could change.

Hurricane Ian dealt a major blow to Florida’s already crippled property insurance market. The Category 4 storm is expected to go down as one of the costliest in U.S. history, and that’s expected to drive more of the state’s private insurers out of business.

The federal rule prohibits improvements to hurricane-damaged homes exceeding 50% of their market value unless the entire structure is updated to meet current building codes.

Southwest Florida has already answered the immediate question after Hurricane Ian slammed into the coast, killing dozens of people and destroying thousands of homes with record-high storm surge: Will we rebuild?

The Florida Hurricane Catastrophe Fund provides relatively inexpensive reinsurance to carriers as a way to help stabilize the property-insurance market.

The assistance is available in Charlotte, Collier, DeSoto, Hardee, Lee, and Sarasota counties, those hardest hit by Hurricane Ian

If passed, Floridians who prepare for flooding, rising sea levels, and natural disasters by elevating their homes can do so without their property taxes increasing.

Rampant litigation, costlier storms and rising reinsurance costs have all combined to make chaos in Florida's home insurance market. Now, some worry Ian could send even more insurers out of the state.

The difficult environment has put many insurers out of business and caused others to raise their prices or tighten their restrictions, making it harder for Floridians to obtain insurance.

Hurricane Ian could affect an already volatile property insurance market.

Angry at a ratings agency that raised the possibility of downgrading 17 Florida property insurers, state leaders could be poised to look for an alternative.