After more a decade of increases since Hurricane Wilma struck in 2005, homeowner’s insurance is finally coming down in Florida.
Florida hasn’t seen a hurricane since 2005, but that hasn’t stopped property insurance rates from going up.
The state’s Office of Insurance Regulation is considering a request by Citizens Property Insurance Corp. for another round of rate hikes in 2014.
A leading Florida Democrat is crying foul about a deal made with Citizens Property Insurance and another insurance company which is getting paid to absorb 60,000 policies.
Some South Florida homeowners who are insured by Citizens Property Insurance may be eligible for a cheaper option.
Property owners covered by Citizen’s Property Insurance may have a cheaper option that they are not aware of.
Citizens Insurance has been the focus of a lot of criticism over the last few years from state leaders and taxpayers. Now, an exclusive CBS4 Investigation has discovered that hundreds of thousands of policy holders may have been overcharged by Citizens.
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.