Citizens Insurance Could Top 1 Million PoliciesCitizens Property Insurance Corp. could top 1 million policies in 2022, as problems in the private market continue to drive customers to the state-backed insurer, officials said Tuesday.
'Insurer Of Last Resort,' Citizens Insurance Tops 600,000 PoliciesContinuing rapid growth, the state-backed Citizens Property Insurance Corp. had nearly 610,000 policies as of May 31, according to updated information posted on its website.
Citizens Insurance Nears 600,000 PoliciesContinuing to add thousands of customers a week, Citizens Property Insurance Corp. was approaching 600,000 policies at the end of April.
Regulators Weigh Citizens Rate HikesFlorida regulators will hold an online public hearing March 11 about a proposal by the state-backed Citizens Property Insurance Corp. to raise rates later this year.
Property Insurance Changes Backed In SenateAmid problems in Florida’s property-insurance market, a Senate committee Tuesday backed a controversial proposal that could lead to many policyholders picking up more of the tab for roof damage and limit attorney fees in insurance disputes.
Citizens Property Insurance Approves 7.2 Percent Average Rate Increase For Residential PolicyholdersCitizens Property Insurance Corp. leaders Tuesday approved a proposed 7.2 percent average rate increase for residential policyholders, while also backing a plan that could lead to substantially higher rates in the future for new customers of the state-backed insurer.
Citizens Insurance, Florida's Insurer Of Last Resort, Looks For Higher RatesCitizens Property Insurance Corp. leaders Wednesday supported looking for ways to increase homeowners’ rates, as they try to stem a flood of new policies at the state-backed insurer.
Citizens Looks To Move Policies To Private MarketThe state-backed Citizens Property Insurance Corp., considered an insurer of last resort, is again looking at ways to downsize its policy count.
Rates Likely To Rise For Almost All Citizens CustomersThe board of Citizens Property Insurance Corp. approved a plan Wednesday that would raise residential insurance rates by an average of 8.2 percent starting in September -- with the hikes hitting almost all customers of the state-backed insurer.
Citizens Insurance Says Finances Solid After IrmaCitizens Property Insurance appears to have emerged from the 2017 Atlantic storm season on firm financial footing, despite Hurricane Irma.
Citizens Insurance Opens Catastrophe Response Centers to Handle Irma ClaimsCitizens Insurance opening three response centers for Hurricane Irma claims.
Citizens Pushing For Change To Fight Water Damage ClaimsIn an effort to combat lawsuits tied to water damage claims, state created Citizens Property Insurance is pushing for changes.
Citizens To Shift More Than 45,000 PoliciesAnother 45,500 policies have been approved to move to the private insurance industry from the state-backed Citizens Property Insurance Corp.
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.
Citizens To Shift Thousands Of Policies To Private MarketCitizens Property Insurance Corp. has been given state permission to shift nearly 80,000 policies to the private market.