Citizens Property Insurance Corp
As Citizen’s Property Insurance Corp customers continue to be shifted into the private insurance market, the company is slowly reaching their 1 million policy mark.
About 160,683 property insurance policy holders will have to decide within 30 days whether they want to stay with new private carriers or go back to the state-backed Citizens Property Insurance Corp.
The decision about a bill which will potentially overhaul of Citizens Property Insurance Corp is headed for final vote in the Senate and it could drastically determine how much you pay for your homeowners insurance.
Be prepared to get new property insurance if you currently have Citizens Property Insurance.
If you have Citizens Property Insurance, you might be getting a new insurer in the near future.
itizens Property Insurance Corp would offer $300 million in loans to encourage private companies to take policies out of the state-backed insurer under a plan unveiled Thursday that backers say could reduce Citizens’ non-coastal ranks by a third.
The new head of Citizens Property Insurance Corp. made his debut before the governor and Cabinet on Tuesday, saying the state-backed insurer needs to raise rates but conceded that the issue is a political hornet’s nest.
espite worries of a financial burden on Florida policyholders, the Florida Senate has passed a bill that would allow pricey and largely unregulated out-of-state companies to remove homeowners’ insurance policies from Florida’s state-backed insurer.
A class action lawsuit has been filed against state-backed Citizens Property Insurance Corp. Florida homeowners involved in the suit claim the state-run insurer is systematically overvaluing properties in order to raise premiums.
Calling the proposed rate increases painful but necessary, Citizens Property Insurance Corp.’s Board of Governors on Wednesday unanimously approved sinkhole premium increases for 2012 that will cause rates for coastal homeowners to skyrocket.