Citizens Property Insurance
Another 45,500 policies have been approved to move to the private insurance industry from the state-backed Citizens Property Insurance Corp.
More than a half-million Citizens Property Insurance Corp. policies have been targeted for moving to private insurers this year.
The Florida Office of Insurance Regulation has formally approved an early end to a surcharge Citizens Property Insurance Corp. customers have been paying because of damages from the last of the 2005 hurricanes.
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.