State Approves Citizens Property Insur. Rate HikeSouth Florida homeowners covered by Citizens Property Insurance can expect to see a hike in their 2016 bills.
Citizens CEO: Rate Hike Due To Spike In Water ClaimsA "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.
Citizens Policies Eyed For Private MarketSeven 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.
Citizens To Shift Thousands Of Policies To Private MarketCitizens Property Insurance Corp. has been given state permission to shift nearly 80,000 policies to the private market.
Citizens Insurance Continues Shedding PoliciesAs 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.
Insurance Competition Lacking In Miami-Dade, MonroeA 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.
Quiet Hurricane Season Bolsters Insurance MarketFor a ninth consecutive year, the Sunshine State went through the six-month Atlantic storm season hurricane-free.
State-Backed Insurer May Put Early End To Storm TaxA 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.
'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.
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.
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.
Takeout Drops Citizens To About 1 Million PoliciesAbout 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.