The Latest Breaking News from Mark Friedlander

The recent hurricanes will be costly for taxpayers and insurance companies

Flooding is separate from typical US home insurance and many homeowners are not adequately covered

“We have no choice, we have to sell. As a matter of fact, I just put my house on the market 10 minutes ago,” one resident told NBC6.

"Just in the last 18 months, 15 companies have stopped writing [insurance] business in Florida"

The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business.

An article in the New York Times published earlier this week predicted flood insurance rates in flood-prone areas will soon quadruple. Mark Friedlander, the Director of Corporate Communications at the Insurance Information Institute, said that will not happen ...

Apparently not all Florida-regulated property insurance companies are too financially troubled to take on new customers.

WILBUR-BY-THE-SEA, Fla. — Kate Rose stays awake at night thinking about her family’s oceanfront home perched perilously on the edge of the eroded shoreline.

The increasing risk of wildfires in Colorado is driving insurance carriers to raise premiums on homeowners’ policies — if they decide to insure them at all — and now the state’s insurance chief is suggesting a publicly funded pool of money be established to provide property insurance for those who…