Citizens Property Insurance Corporation

Farmers Insurance will stop offering insurance coverage in the state of Florida. This includes home insurance, auto, and policies that cover a combination of these. Apparently, the company made this decision in order to better manage its risk exposure in such a hurricane and natural disaster-prone state, CNN reported.Cecilia Rose Gooding on the Writers Strike | io9 Interview The move will affect about 100,000 customers in the sunshine state. But this move will not affect Florida customers whouse Farmers Insurance-owned…

Allstate has stopped writing new homeowner and commercial insurance policies in the state of California due to rising repair costs and wildfires. The company was the fifth largest homeowner’s insurance provider in the state, according to the Insurance Information Institute.Boogeyman Star Sophie Thatcher Wrote Howl's Moving Castle Fan Fiction | io9 InterviewThis news, reported by the San Francisco Chronicle last week, at first would appear to follow State Farm’s announcementthat it would cease new homeowner insurance…

Boats litter a canal residence on October 1, 2022 on Sanibel Island, Florida after Hurricane Ian. Photo: Sean Rayford/ (Getty Images)You might assume that home prices would decline in an area recently wrecked by a hurricane, but a new study finds the opposite is true, and post-storm price hikes could be a major driver of what’s known as climate gentrification. The study, published in Journal of Environmental Economics and Management, found that home prices in Florida were 5% higher in the three-year period after a…

A destroyed building sits among debris after Hurricane Ian passed through the area on October 08, 2022 in Sanibel, Florida. Photo: Joe Raedle (Getty Images)This story was originally published by Grist. You can subscribe to its weekly newsletter here.In the three months since Hurricane Ian struck Florida, the state’s fragile property insurance market has been teetering on the brink of collapse. The historic storm caused over $50 billion in damage, more than any disaster in U.S. history other than Hurricane Katrina. It also…

In this aerial view, vehicles make their way through a flooded area after Hurricane Ian passed through on September 29, 2022 in Fort Myers, Florida. Photo: Joe Raedle (Getty Images)Hurricane Ian has left much of southwest Florida a disaster zone, and the storm is on track to mess with one of the most volatile insurance markets in the country.Ian made landfall near Florida’s Punta Gorda on Wednesday afternoon as a category 4 hurricane, bringing huge storm surges and high winds. It has since degraded to a tropical storm,…