Florida

Citizens Insurance is shifting up to 26K policies to private firms in order to manage its growing customer base. The move aims to mitigate financial risks, especially from major hurricanes, and comes as a new law requires policyholders to accept private offers within 20% of Citizens' rates.

Florida Governor DeSantis has approved a bill allowing landlords to offer tenants the option of paying monthly fees in lieu of a security deposit. Advocates believe it provides relief to tenants facing steep rental costs by eliminating large upfront sums. Critics, however, express concerns over the lack of an upper limit on these fees and the non-refundable nature of the payments.