Homeowners with Citizens Property Insurance will see their rates increase in 2013 after the rate hike was approved Tuesday by the Florida Office of Insurance Regulations.
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.
After more than a decade of tax cuts, trickle-down economics, runaway government spending, wars, and ballooning deficits and debts, the middle class is poorer and has a lower income than they did in the 1990’s according to a new Pew survey.
Homeowners whose policies are underwritten by Citizens Property Insurance finally have some good news.
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.
Florida legislators created Citizens Insurance a decade ago to take on homes other insurance companies wouldn’t touch. They became the largest insurer of homes in Florida and now the company is trying to change that.
A coalition of civil rights and voting organizations have asked the State of Florida to stop its push, directed by Governor Rick Scott, to remove non-U.S. citizens from the state’s voter rolls.
Insurance rates in Florida are already among the highest in the nation, but as insurers look to make what they claim are “market adjustments” to rates, some Floridians are finding they have to make a choice between paying for their insurance, or their home.