State Freezes Insurance Rates After Hurricane Michael

Gov. Rick Scott on Sunday directed the state’s top insurance regulator to freeze any potential property-insurance rate increases for 90 days as homeowners and businesspeople grapple with massive damage from Hurricane Michael.
Scott also directed Insurance Commissioner David Altmaier to require rescinding for 90 days all policy non-renewals or cancellations that had been issued in the days leading up to Michael to give policyholders more time to find coverage. In another move, insurance policyholders will be given an extra 90 days to provide required information to insurers.