The price of property insurance in Florida keeps going up -- such that some homeowners are getting second mortgages or dropping coverage all together. The state created Citizens Property Insurance to be the insurer of last resort for Florida homeowners. But plans to shrink Citizens by loaning money to private insurance companies and allegations of corporate misconduct have sparked outcries by some state officials and the public alike.
On the Florida Roundup : Local leaders and scientists gather in Palm Beach county to discuss how sea-level rise is “sinking in” in South Florida. Citizens Insurance is awash with complaints about its "incentive plan" to have private insurers take over some of its policies. Will you be paying for it, hurricane or not?
On The Florida Roundup: Hurricane season has officially ended. South Florida was saved from any severe hurricanes, but we see the effects of climate change as beaches erode, roads crumble and flooding inundates parts of region.