News
Florida took on lawsuit abuse. Drivers are finally seeing results | Opinion
1+ week, 5+ day ago (677+ words) For years, Florida drivers opened their auto insurance renewal notices with dread. Premiums kept climbing and families across the state were left wondering why their costs were rising faster than almost anywhere else in the country. But something important has…...
AI in Florida insurance must be "used responsibly," top state official warns
4+ mon, 3+ week ago (509+ words) TALLAHASSEE " As Florida lawmakers dig into issues involving artificial intelligence, state Insurance Commissioner Michael Yaworsky wants to make sure regulators can properly oversee AI use by insurance companies. "Responsible AI governance is crucial," Yaworsky told the Senate Banking and Insurance…...
Progressive reveals how it plans to distribute $1 billion in refunds to auto policyholders
5+ mon, 2+ week ago (580+ words) Progressive's auto insurance division recently announced that it will begin paying back about $950, 000 in excess profits taken in over the past three years from its policyholders in Florida. The average credit would be about $300, Gov. Ron De Santis said during…...
State Farm files 10% rate cut for auto insurance customers
5+ mon, 2+ week ago (407+ words) State Farm is getting in on Florida's auto insurance rate-cutting action. In a news release on Thursday, State Farm said its latest rate cut would bring down premiums for its customers by an average of 10%. Going back to October 2024, the…...
Progressive to return nearly $1 billion to Florida auto insurance customers, De Santis says
5+ mon, 3+ week ago (537+ words) Progressive, one of the nation's top auto insurance companies, plans to return nearly $1 billion to Florida policyholders, Gov. Ron De Santis announced Wednesday. Policyholders will receive an average of $300, De Santis said, that will show up either as a refund…...
Rate decreases announced by Florida's top five auto insurers. Here they are.
8+ mon, 2+ week ago (712+ words) Car insurance rates are falling in Florida, thanks to improved company profits and lower costs from reforms aimed at ending excessive litigation. Dating to late 2024, the state's five largest auto insurance groups have all asked Florida's insurance regulators to approve…...
Let insurance reforms work " Florida's recovery depends on it | Opinion
9+ mon, 1+ week ago (218+ words) As a former Florida Insurance Commissioner, I have read Ron Hurtibise's recent coverage on Florida's property insurance marketplace with great interest. This is an issue that not only affects our household budgets but has broader impact on Florida's economic stability....