Citizens Property Insurance Corp
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.
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.
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.
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.