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.
Citizens Insurance Given Okay To End Surcharge EarlyThe Florida Office of Insurance Regulation has formally approved an early end to a surcharge Citizens Property Insurance Corp. customers have been paying because of damages from the last of the 2005 hurricanes.
Quiet Hurricane Season Bolsters Insurance MarketFor a ninth consecutive year, the Sunshine State went through the six-month Atlantic storm season hurricane-free.
Insurance Fund Strong In FL As Hurricane Season NearsThe upcoming hurricane season is just weeks away, but Florida is entering the new storm season with positive news.
Time Running Out To Double-Check Insurance CoverageTropical 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.
Citizens Not Budging On Plan To Purge Many PolicyholdersFlorida 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.
Lawmakers Urged To Beef Up Hurricane Catastrophe FundFlorida has dodged a bullet for the six years without a hurricane hitting the state. Now insurance industry experts have urged state lawmakers to beef up the Florida Hurricane Catastrophe Fund before a major storm or series of them hits.
Citizens To Cut 7,500 Coastal Property Policies Next YearIn an effort to shrink their risk during and after the annual hurricane season, Citizens Property Insurance Corp. plans to quit providing coverage to coastal homeowners whose properties are valued at $2 million or more.
Fla. Hurricane Fund Has $3.2 Billion ShortfallThere's a storm brewing over the state of Florida's hurricane fund which is confronting a potential $3.2 billion shortfall, financial experts said Tuesday in a new estimate of the money available to the pool intended to help insurers make disaster payments.
Citizens Insurance Approves Rate IncreasesSouth Florida property owners who rely on state run Citizens Property Insurance will be paying more for it next year.
Florida's Hurricane Fund May Run Short If Disaster StrikesIf Florida were to experience a major hurricane, the state may not have the funds to pay off all the claims.
Fla. Senate Property Insurance Package Set For Final VoteA sweeping property insurance package is poised for final passage in the Florida Senate after Senators Wednesday gave preliminary approval to a measure (SB 408) that makes a number of changes that were vetoed last summer by former Gov. Charlie Crist.