Citizens Property Insurance Corp

Florida Money

Citizens CEO: Rate Hike Due To Spike In Water Claims

A “disturbing” rise in water-damage claims in South Florida is driving Citizens Property Insurance Corp. to seek an average 3.2 percent increase in rates for many homeowners, the president of the state-backed insurer said Tuesday.

08/25/2015

Citizens Property Insurance (Source: citizensfla.com)

Citizens Policies Eyed For Private Market

Seven private insurers have been approved to pick up nearly half of the remaining policies held by Citizens Property Insurance Corp. which is backed by the state.

08/12/2015

Citizens-Wide

Citizens To Shift Thousands Of Policies To Private Market

Citizens Property Insurance Corp. has been given state permission to shift nearly 80,000 policies to the private market.

02/11/2015

Citizens-Wide

Citizens Insurance Continues Shedding Policies

As regulators approved another round of policy “takeouts” from Citizens Property Insurance Corp. on Friday, the state-backed insurer says it can get smaller than previously thought.

01/09/2015

Home For Sale  (Photo by David McNew/Getty Images)

Insurance Competition Lacking In Miami-Dade, Monroe

A new report shows there is a lack of competition among insurers for certain types of residential policies Miami-Dade and Monroe counties. The report comes as the state looks to shrink Citizens Property Insurance Corp.

01/02/2015

(Source: NOAA)

Quiet Hurricane Season Bolsters Insurance Market

For a ninth consecutive year, the Sunshine State went through the six-month Atlantic storm season hurricane-free.

12/01/2014

Hurricane Ivan in 2004.

State-Backed Insurer May Put Early End To Storm Tax

A 1 percent charge imposed on most homeowners’ policies to help the state-backed Citizens Property Insurance Corp. cover losses from the last of the 2005 hurricanes may come off the books two years early.

09/19/2014

(Photo by NOAA via Getty Images)

‘Hurricane Tax’ On Insurance Policies To End 18 Months Early

An extra charge on property-insurance and auto-insurance policies to cover claims paid for the 2004 and 2005 hurricane seasons will end Jan. 1.

07/22/2014

Citizens Property Insurance

Insurer To Takes Thousands Of Citizens’ Policies

Regulators have approved a plan by Southern Oak Insurance Co. to remove up to 10,000 residential policies from the state-backed Citizens Property Insurance Corp.

07/03/2014

Citizens Property Insurance

Takeouts Continue To Shift Citizens Insurance Policies

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.

12/05/2013

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