Florida
Hurricane Helene hits Florida homeowners already facing soaring insurance costs
As Hurricane Helene barreled through Florida, the storm’s winds and flooding left a trail of damaged homes in its wake, causing up to an estimated $6 billion in private insurance losses, according to global reinsurance broker Gallagher Re.
As homeowners assess the damage, the storm is again drawing attention to wobbly Florida’s property insurance market. Soaring premiums have squeezed homeowners, who shouldered a 45% increase in insurance rates from 2017 to 2022, according to a recent report from the Florida Policy Project.
The average annual premium for a Florida homeowner is $5,500 — about 140% higher than the average U.S. homeowner’s insurance premium of $2,285, according to Bankrate. The spike in costs sometimes leads people to forego insurance altogether, with some Florida residents telling CBS Miami that they’ve been socked with rates reaching $20,000 per year.
With extreme weather becoming more frequent and destructive due to climate change, homeowners in parts of the U.S. facing mounting risks are likely to see significantly higher insurance costs in the years ahead, according to a June paper from experts at the University of Wisconsin and University of Pennsylvania.
“Property insurance serves as the front line of defense against climate risk for homeowners and real estate investors,” the researchers noted. “By 2053, we estimate that climate-exposed homeowners will be paying $700 higher annual premiums due to increasing wildfire and hurricane risk.”
Separate research from Harvard University, Columbia University and the Federal Reserve found that Florida ranks among the top U.S. states for projected future economic losses linked to climate change.
But insurance industry losses in Florida are affecting property coverage in the present, as well. Traditional insurers have pulled back from offering home policies in the state, especially in its more disaster-prone regions, with the insurer-of-last resort, Citizens Property Insurance Corp., and newer insurers picking up the slack.
At the same time, those insurers are facing higher rates from reinsurance companies, which are financial businesses that offer insurance for insurers. Because insurance companies can get financially flattened by an extreme storm or other catastrophic event, they often turn to reinsurance companies to help mitigate the risk.
“Florida, much more than any other state in the country, is exposed to the global reinsurance market,” Jeff Brandes, founder and president of the Florida Policy Project, told CBS MoneyWatch.
Hurricanes highlight why reinsurers “are very cautious about lowering prices, which definitely impacts Floridians,” Brandes added, while noting that initial damage assessments suggest Helene’s impact on Florida properties appears to be less severe than initially feared.
“If this had shifted a few degrees east and hit Tampa Bay, the damages would be 20 times greater,” he said.
In the meantime, recent reforms to Florida’s insurance market may provide some relief to cost-burdened homeowners. Republican Gov. Ron DeSantis signed a sweeping property insurance bill at the end of 2022 that aims to deter frivolous lawsuits and limit insurer costs.
Although that could help stave off rate increases in the short term, over the longer term Florida homeowners and insurers might be powerless as the planet continues to warm.
“As losses from climate change worsen, the financial stability risks of insurers is likely to become even more pronounced,” noted the researchers from Harvard, Columbia and the Fed. “We are likely to see policymakers face difficult tradeoffs in maintaining affordability, availability and reliability of insurance markets.”
Plans for a new Wawa to open in Port St. Lucie were approved.
A new Wawa fuel station and convenience store will open in Port St. Lucie now that the plans have been approved.
The Wawa will be at the corner of Village Parkway and Becker Road in front of the Lowe’s which is expected to open in the summer of 2026, according to the city’s website.
The plans for a Wawa convenience store and eight fuel pumps were submitted to the city Dec. 3, 2025.
What will go in Port St. Lucie’s Southern Grove?
The plans for the Shoppes at Southern Grove show there will be a new Lowe’s store and six additional outparcels.
The six additional outparcels include the following:
- Gas station: 5,915 square feet
- Outparcel A: 1.2 acres
- Outparcel B: 1.14 acres
- Outparcel C: 1.83 acres
- Outparcel D: 1.04 acres
- Outparcel E: 1.02 acres
Olivia Franklin is TCPalm’s trending reporter. You can contact her at olivia.franklin@tcpalm.com, 317-627-8048 or follow her on X @Livvvvv_5.
SUNRISE, Fla. – Five Florida Panthers players and five staff members will represent their home countries at the upcoming 2026 IIHF World Championship, taking place May 15 through May 31 in Zurich and Fribourg, Switzerland. Games will be broadcast on NHL Network in the United States.
Marek Alscher, 22, will represent Czechia at the IIHF World Championship for the first time. He previously played for his home country at the 2024 IIHF U20 World Junior Championship, skating in seven games to help the Czechs capture the bronze medal over Finland. Alscher made his NHL debut with the Panthers in 2025-26, notching three assists over four games played. He also skated in 52 American Hockey League (AHL) games with Florida’s affiliate, the Charlotte Checkers, recording 11 points (3-8-11).
Aleksander Barkov, 30, missed the 2026 Winter Olympic Games due to injury but had been named to Finland’s preliminary roster in June of 2025. He previously earned a bronze medal at the 2014 Winter Olympic Games alongside current Panthers assistant coach Tuomo Ruutu, and earned a silver medal representing his home country at the 2016 IIHF Men’s World Championship. At the 2025 NHL 4 Nations Face-Off, Barkov served as captain of Finland.
Anton Lundell, 24, will be participating in his second IIHF World Championship after earning a silver medal with Finland in 2021, where he posted seven points (4-3-7) in 10 games as a 19-year-old. He helped Finland capture the bronze medal at the 2026 Winter Olympic Games this season and previously earned gold at the 2019 IIHF U20 WJC and 2018 IIHF U18 WJC, as well as a bronze medal at the 2021 U20 WJC.
Sandis Vilmanis, 22, will represent Latvia at the IIHF World Championship for the first time in his career. He played for Latvia at the 2026 Winter Olympic Games in February as well as at the 2022, 2023 and 2024 IIHF U20 World Junior Championships, serving as an alternate captain in 2024 where he produced four points (2-2-4) over five games. Vilmanis made his NHL debut with the Panthers in 2025-26, logging five points (3-2-5) in 19 games with Florida while compiling 38 points (17-21-38) in 48 American Hockey League (AHL) contests with the Panthers affiliate, the Charlotte Checkers.
Matthew Tkachuk, 28, will attempt to become the first American to join the Triple Gold Club (Stanley Cup, World Championship Gold Medal and Olympic Gold Medal), as well as the first player in NHL history to win all three parts of the Triple Gold Club within a 12-month span. This will be Tkachuk’s first time participating in the IIHF World Championship.
In addition to his 2026 Olympic gold medal, Tkachuk also earned gold representing the United States at the 2015 IIHF U18 World Junior Championship and the 2014 U17 World Hockey Challenge, as well as a bronze medal at the 2016 IIHF U20 WJC. He served as alternate captain for the U.S. at the 2026 Olympics and 2025 4 Nations Face-Off.
Florida will have four staff members representing the United States. Panthers Assistant General Manager Brett Peterson is serving as General Manager for the second time after holding the position in 2024. Panthers Head Equipment Manager Teddy Richards will serve as equipment manager and Florida’s Head Athletic Trainer Dave DiNapoli will work as athletic trainer. Panthers President of Hockey Operations & General Manager Bill Zito will serve on the Advisory Group.
Panthers Assistant General Manager Gregory Campbell will assist with evaluating and selecting players for Canada.
Panthers fans can stay up to date on all the Cats’ representatives at the 2026 IIHF World Championships at FloridaPanthers.com/WorldChampionship.
2026-27 Florida Panthers Territory Memberships are available now! Click here to learn more. For all the latest in Panthers news, concerts and events at Amerant Bank Arena & FTL War Memorial, sign up for ’93 Society newsletter and receive information straight to your inbox. Visit FloridaPanthers.com or SeatGeek.com for all ticketing needs.
A Martin County slaughterhouse near Lake Okeechobee could increase toxic algal blooms in the C-44 Canal, St. Lucie River and Indian River Lagoon.
There have been 81 algal blooms in the past two years within 2 miles of a proposed slaughterhouse in western Martin County, according to the Florida Department of Environmental Protection Algal Bloom Dashboard.
The slaughterhouse will increase pollution and bring more potentially toxic algal blooms to Lake Okeechobee, whose waters sometimes are released into the C-44 Canal and flow into the St. Lucie River and Indian River Lagoon in Stuart, opponents say.
Chancey Bay Ranch owner Tuny Mizrachi has proposed building a 56,784-square-foot slaughterhouse on 26 acres of his 2,046-acre-property at 8401 SW Connors Highway, abutting Lake O.
5 ways a slaughterhouse can increase Lake Okeechobee pollution
The Guardians of Martin County have raised at least five concerns with the Martin County Commission:
- Meat processing facilities, though necessary, have the potential to be noisy nuisances and significant sources of disease and pollution for air and water.
- The facility would be a new source of pollution in a watershed that’s designated as “impaired” because of elevated concentrations of nitrogen and phosphorus.
- The facility would be a potential new source of pollutants near one of Martin County’s lowest income and most ethnically diverse communities.
- There’s no evidence the facility has a National Pollutant Discharge Elimination System permit, or plans to follow effluent limitation guidelines or conduct water-quality monitoring.
- The South Florida Water Management District has permitted the facility to withdraw 6.7 million gallons of water per year for 20 years from Florida’s surficial aquifer, despite it being subject to varying levels of saltwater intrusion, especially in Martin County. The SFWMD has designated all of Martin County a Water Resource Caution Area.
Blood, feces, oil, grease, ammonia and antibiotic residue from the proposed slaughterhouse would contribute to harmful algal blooms, including toxic cyanobacteria, Martin County Administrator Don Donaldson wrote to the DEP and SFWMD.
Tim O’Hara is TCPalm’s environment reporter. Contact him at tim.ohara@tcpalm.com.
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