Citizens Property Insurance
Certain customers of Florida’s largest property insurer will soon be paying a little less for their homeowners insurance but not all of them.
Citizens Property Insurance Corp. is starting to advise many homeowners with expiring policies that they have to go through an electronic clearinghouse intended to shift more policies into the private market.
Gov. Rick Scott isn’t convinced that Citizens Property Insurance Corp. should have rebuffed his request for an international travel ban, even if the overseas trips were part of a $3.2 billion deal that saved the state-backed insurer $233 million.
If you homeowner’s policy is with Citizens Property Insurance, you’re going to be paying a bit less next year. On Wednesday the board of the state’s largest property insurer voted to lower rates by an average of 3.2 percent for single family homeowners in 2015.
Citizens Property Insurance Corp., which moved forward Wednesday in reducing rates for most customers, has delayed putting existing policies into a clearinghouse designed to shift property owners into the hands of private companies.
Citizens Property Insurance enters the 2014 hurricane season believing its finances are on solid ground.
The Florida Office of Insurance Regulation approved another 10,000 residential policies to be shifted from Citizens Property Insurance Corp. to a private carrier.
Florida’s insurer of last resort, Citizens Property Insurance, will launch another new program seeking to shift policies onto the private market.
Florida hasn’t seen a hurricane since 2005, but that hasn’t stopped property insurance rates from going up.
Citizens Property Insurance Corporation, the state-backed insurer of last resort is predicting it will be down to only 750,000 policies by the end 2015.