DeSantis Signs Property Insurance Reform Bill, Customers Face Rate Increases

Earlier this month, Florida Governor Ron DeSantis signed a bill earlier this month designed to bring relief to a sector of the property insurance industry. However, some Floridians might be seeing rate increases.

The new law will prohibit contractors from soliciting homeowners to file claims for their roof, but it provides a larger window of time for insurance companies to accept or decline the claim. Some homeowners might find themselves in a discouraging position due to the extended time frame.

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Insurance Claims at $9 Billion From California Wildfires

Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday. About $7 billion in claims are from the Camp Fire that destroyed the Northern California city of Paradise and killed at least 86 people, making it the deadliest…

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