Certain customers of Florida’s largest property insurer will soon be paying a little less for their homeowners insurance but not all of them.
In Florida, eight insurance companies will raise the price of health plans and three will be lowering them through the Affordable Care Act exchange.
A proposal to shrink behemoth, state-backed Citizens Property Insurance Corp. was introduced to a Senate committee Wednesday.
Calling it an unfair trade practice, state insurance consumer advocate Robin Smith Westcott wants an investigation to the practice of insurance companies canceling homeowner’s policies or denying claims based on their credit information.
As the Florida legislature moves to deregulate the homeowners insurance business, there is a late, but growing, opposition to proposals that have drawn little publicity, but promise big premium increases.