Hurricane Insurance

Citizens Property Insurance

Citizen Property Ready For Hurricane Season

Citizens 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.


(Credit: Thinkstock)

Citizens Insurance Given Okay To End Surcharge Early

The 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.


(Source: NOAA)

Quiet Hurricane Season Bolsters Insurance Market

For a ninth consecutive year, the Sunshine State went through the six-month Atlantic storm season hurricane-free.


Ft. Lauderdale Beach Flooding

Insurance Fund Strong In FL As Hurricane Season Nears

The upcoming hurricane season is just weeks away, but Florida is entering the new storm season with positive news.


Money (Source: MyTV33)

Time Running Out To Double-Check Insurance Coverage

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.


Citizens Property Insurance

Citizens Not Budging On Plan To Purge Many Policyholders

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.



Lawmakers Urged To Beef Up Hurricane Catastrophe Fund

Florida 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 Year

In 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 Shortfall

There’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 Increases

South Florida property owners who rely on state run Citizens Property Insurance will be paying more for it next year.