State-Backed Citizens Insurance Grapples With Thousands Of LawsuitsGov. Ron DeSantis and Florida lawmakers this spring approved a plan to overhaul the controversial insurance practice known as “assignment of benefits” --- and put new restrictions on lawsuits against insurers.
Citizens' Policy Count Drops Below 1 Million For the first time since 2006, Citizens Property Insurance Corporation’s policy count dropped below 1 million.
Thousands of Insurance Policies Could Leave Citizens In MarchChanges are on the way for Citizens Property Insurance customers. Insurance regulators have given approval for three companies to collectively acquire up to 45,000 residential policies from the state-backed Citizens Property Insurance Corp.
Florida's 2nd Largest Property Insurer To Pay $1.26 MillionThe second largest property insurer in Florida will pay a fine of $1.26 million.
Citizens Insurance Gets Rate Hike ApprovalThe Office of Insurance Regulation announced Monday that it has approved an overall statewide rate hike of 6.3 percent for Citizens Property Insurance Corp. Citizens is the state's largest property insurer with 1.22 million policyholders.
Citizens Prepares To Move 400,000 Policies To Private InsurersRoughly 400,000 Citizens insurance policyholders may find themselves with a new property insurance company by the end of November.
Citizens Insurance Approves Statewide Rate HikesCitizens, Florida's largest property insurance provider, has approved yet another round of rate hikes that could affect over a million policy holders.
Citizens Plans To Shed Wind PoliciesCitizens Property Insurance Corporation took a first step Monday to move thousands of coastal hurricane insurance policies to a private insurer.
Senate Plan Would Shrink Citizens InsuranceA proposal to shrink behemoth, state-backed Citizens Property Insurance Corp. was introduced to a Senate committee Wednesday.
Legislature Targets Citizens InsuranceA proposal targeting Citizens Property Insurance Corporation has passed its first Florida Senate hurdle. The bill would raise premiums and limit the types of policies the state-run insurer can issue.
Citizens Insurance In Peril In LegislatureState-backed Citizens Property Insurance Corporation has been a lifesaver for Floridians who have been priced out of the market by the large insurance companies. But that will all change under a new provision set to be unveiled in the state legislature next week.