Lawmakers in Florida are hoping to step in and take action after Congress failed to pass legislation that would postpone the National Flood Insurance Program (NFIP) rate increases that are part of the 2012  Biggert-Waters Act. The rates hikes, scheduled to begin January 1, 2014, have come about as the result of subsidies for coastal [...]

Despite a near ten-year lapse since the last hurricane, Floridians are still paying the highest homeowner insurance rates in the United States, according to a national report released this year. The report by The  National Association of Insurance Commissioners shows that the average home insurance premium paid by Florida homeowners is $1,933 per year, which [...]