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.
Tropical Storm Isaac is churning towards South Florida and if you haven’t already done it, check your homeowners insurance and hurricane coverage before a moratorium is put in place halting any changes.
If you use a certain insurer for your homeowner’s policy, you might soon be saving a lot of money.
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.
Citizens Property Insurance Company continued down the path of raising rates for new policies Thursday during a conference call with the Actuarial and Underwriting committee.
When Governor Rick Scott rode the tea party wave into the governor’s house, he made no secret that one of his main targets to slowly get rid of was Citizens Insurance. The insurance company, owned by the state, will accelerate the process in the next few months.
Despite worries of a financial burden on Florida policyholders, the Senate Budget Committee on Saturday OK’d financial changes to Citizens Property Insurance Corp. and the Florida Hurricane Catastrophe Fund. The move is an effort to have them secured before one or more major storms hit Florida.
Citizens Property Insurance, which is backed by the state of Florida, has become the lifeline for property insurance in the state and the target of Governor Rick Scott.