Homeowners in flood-prone neighborhoods across the country will see relief from big insurance increases when President Barack Obama signs a bipartisan bill Friday.
Congress passed a bill scaling back flood insurance premium increases, allowing below-market insurance rates to be passed on to people buying homes.
After more a decade of increases since Hurricane Wilma struck in 2005, homeowner’s insurance is finally coming down in Florida.
Florida hasn’t seen a hurricane since 2005, but that hasn’t stopped property insurance rates from going up. Hurricane Wilma was the last of eight hurricanes to hit the state from 2004 to 2005. It raked the southern end of Florida and caused billions in damages.
Prosecutors have uncovered 21 people, based out of local clinics, involved in elaborate scams that totaled almost half a million dollars in phony medical bills.
The decision about a bill which will potentially overhaul of Citizens Property Insurance Corp is headed for final vote in the Senate and it could drastically determine how much you pay for your homeowners insurance.
Citizens Insurance has been the focus of a lot of criticism over the last few years from state leaders and taxpayers. Now, an exclusive CBS4 Investigation has discovered that hundreds of thousands of policy holders may have been overcharged by Citizens.
A proposal to shrink behemoth, state-backed Citizens Property Insurance Corp. was introduced to a Senate committee Wednesday.
Joe Machado saw his homeowners’ insurance bill climb from about $800 in 1992 to $4,600 in 2012. He worries it’s going to get worse.
As if Hurricane Sandy didn’t put homeowners through enough stress and loss, now they must fight another battle: convincing home insurers to cover the damage.