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.
Thousand of South Florida homeowners insured by the state-run Citizens’ Property Insurance have gotten a letter from them recently that said they’re coverage had been chosen to be transferred to a private company if they fail to send in a form on time giving them the choice of opting out of the transfer and keeping their existing coverage.
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.
Be prepared to get new property insurance if you currently have Citizens Property Insurance.
If you have Citizens Property Insurance, you might be getting a new insurer in the near future.
itizens Property Insurance Corp would offer $300 million in loans to encourage private companies to take policies out of the state-backed insurer under a plan unveiled Thursday that backers say could reduce Citizens’ non-coastal ranks by a third.
Hurricane Andrew was a nightmare for anyone who went through it. It was a life-changing event that’s not easily forgotten as we mark the 20th anniversary of the day it roared ashore.
The new head of Citizens Property Insurance Corp. made his debut before the governor and Cabinet on Tuesday, saying the state-backed insurer needs to raise rates but conceded that the issue is a political hornet’s nest.
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.