A proposal to shrink behemoth, state-backed Citizens Property Insurance Corp. was introduced to a Senate committee Wednesday.
Joe Machado saw his homeowners’ insurance bill climb from about $800 in 1992 to $4,600 in 2012. He worries it’s going to get worse.
As if Hurricane Sandy didn’t put homeowners through enough stress and loss, now they must fight another battle: convincing home insurers to cover the damage.
As residents of New York and New Jersey struggle to recover from Hurricane Sandy’s deadly trip through the Northeast, it may be a while before the total dollar loss is known.
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 residents in the northeast U.S. begin to assess the damage left by Hurricane Sandy, early estimates are putting the costs at upwards of $20 billion.
Thousand of South Florida homeowners insured by the state-run Citizens’ Property Insurance have gotten a letter from them recently that said they’re coverage had been chosen to be transferred to a private company if they fail to send in a form on time giving them the choice of opting out of the transfer and keeping their existing coverage.
Thousand of South Florida homeowners insured by the state-run Citizens’ Property Insurance have gotten a letter from them recently that said they’ve been dropped because they didn’t send in a form or time or encouraging them to go with insurance company that they’ve never heard of.
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.
Citizens’ Insurance customers in South Florida have a chance to have their voices heard about a proposal to raise rates.