Citizens Seeks Rate Hike Over Water ClaimsState-backed Citizens Property Insurance is looking to boost premiums an average of 6.8 percent statewide as water-damage claims surge.
Changes Coming For Citizens PolicyholdersCustomers of state-backed Citizens Property Insurance will face a number of policy changes as the company seeks to rein in water-damage claims that it blames for higher rates.
Citizens Warns Of 'Crisis' On Claims IssueInaction by Florida lawmakers to address a spike in water-damage claims could reverse years of work to shrink state-backed Citizens Property Insurance, the company's president said Wednesday.
Citizens Pushing For Change To Fight Water Damage ClaimsIn an effort to combat lawsuits tied to water damage claims, state created Citizens Property Insurance is pushing for changes.
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 Defends Rate Hike ProposalThe chief risk officer for Citizens Property Insurance has sent a letter to the state insurance consumer advocate defending a proposed rate hike under review by the Office of Insurance Regulation.
Advocate Urges Closer Look At Citizens Rate HikeFlorida's new insurance consumer advocate wants Insurance Commissioner Kevin McCarty to "strongly consider" the large amount of reinsurance purchased by the state-backed Citizens Property Insurance before making any decision on the company's requested 3.2 percent rate hike.
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 Property Proposes Rate Hike For Coastal CustomersMore than half of Citizens Property Insurance customers will face rate increases next year, under a proposal going before the insurer's Board of Governors.
Citizen Property Ready For Hurricane SeasonCitizens Property Insurance has closed on a $1 billion bond transfer, which the state-backed insurer said Friday completes its financial preparations for the 2015 hurricane season.
Despite Storm-Free Seasons, Florida Insurance Still PriceyDespite Florida not have a hurricane hit for nine years, property insurance still remains pricey.
Citizens To Shift More Than 45,000 PoliciesAnother 45,500 policies have been approved to move to the private insurance industry from the state-backed Citizens Property Insurance Corp.