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4th insurance company limits writing new business in Florida

Mount Equity Group Tokyo Japan > News > Business > 4th insurance company limits writing new business in Florida

TAMPA, Fla. (WFLA) — A Tampa Bay area homeowner is angry at state lawmakers.

Tina Hemme, a health care worker from Palm Harbor, is scrambling to secure property insurance before a storm hits. Meanwhile, 8 On Your Side has learned a fourth insurance company is now limiting business in the Tampa Bay area.

“They’re not listening,” Hemme said. “They may say they care about their constituents, I don’t believe it.”

During a special session last month, state lawmakers passed significant reforms. They say the market will eventually stabilize. Until that happens, 8 On Your Side is striving to continue to expose the reality on the ground for families.

A month ago, Lighthouse Property Insurance sent Hemme a cancellation notice. The company was losing money and was forced to liquidate.

“We have been – literally every day – stressed, stressed, stressed,” Hemme said. “Right now, paradise doesn’t…

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