More than half of Citizens Property Insurance customers will face rate increases next year, under a proposal going before the insurer’s Board of Governors.
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.
Citizens Property Insurance Corp. has been given state permission to shift nearly 80,000 policies to the private market.
Certain customers of Florida’s largest property insurer will soon be paying a little less for their homeowners insurance but not all of them.
Citizens Property Insurance enters the 2014 hurricane season believing its finances are on solid ground.
Homeowners in flood-prone neighborhoods across the country will see relief from big insurance increases when President Barack Obama signs a bipartisan bill Friday.
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.