For over 55 years, NFIP premiums have only been able to be paid annually.

The letter highlights some of the major cybersecurity threats discovered, including risks caused by bad actors using AI.

Insurers can issue a notice of cancellation for non-payment during this time, but can only cancel the policy after the expiration of the emergency rule.

The moratorium on cancellations and non-renewals will affect certain California zip codes for one year.

This definition was amended in 2023 to change the previous property damage limit of $1,000 to $2,000.

Homeowners who fortify their homes can also receive lower premiums from many insurance companies.

Coverage is triggered by an accident and when the insured vehicle is towed at the request of a law enforcement officer.

Eight property and casualty insurers have recently been approved to enter the Florida market.