Insurance Regulators Approve Smaller Rate Hikes For Citizens Property InsuranceAccording to the Florida Office of Insurance Regulation, it has approved average increases of about 5%, not the 7% Citizens wanted.
Florida Regulators Scale Back Citizens Rate HikesRegulators have scaled back rate increases sought by Citizens Property Insurance Corp., dealing a blow to leaders of the state-backed insurer who argue it needs to charge more for coverage.
Florida Regulators Looking Into Citizens Rate Hike ProposalOn Monday, state regulators took a deeper look into Citizens Property Insurance Corp. proposal to raise rates. The state-backed insurer has said its policy counts, and financial risks, are increasing because of problems in the private insurance market.
Citizens Insurance Extends Moratorium On Policy CancellationsAfter pressure from Florida Chief Financial Officer Jimmy Patronis, the state-backed Citizens Property Insurance Corp. has extended a moratorium on the cancellation of policies until the end of the year because of the COVID-19 pandemic.
Citizens Insurance Reduces Rate HikeCitizens Property Insurance is scaling back a proposed rate hike after lawmakers and Gov. Ron DeSantis approved an overhaul that the state-backed insurer has long pursued.
Citizens Property Insurance Is Bumping Rates In 2018Most home and business owners who have insurance with state-created Citizen Property Insurance are in for a rate hike next year.
Citizens Property Insurance Claims Expected To Top $1.2 BillionAn estimated $1.23 billion in claims are expected to be filed by Citizens Property Insurance policyholders because of damage from Hurricane Irma, the state-backed insurer announced Wednesday.
Citizens Insurance Customers Could Be Paying More In 2018Homeowners covered by Citizens Property Insurance may be looking at a rate hike next year.
Water Claims Could Lead To More Citizens PoliciesIncreases in water-damage claims will likely reverse years of downsizing by the state-backed Citizens Property Insurance.
Regulators To Consider Citizens Rate HikeRegulators will hold a public hearing next week on proposals that would raise rates for many customers of the state-backed Citizens Property Insurance.
Citizens Seeks Rate Hike Over Water ClaimsState-backed Citizens Property Insurance is looking to boost premiums an average of 6.8 percent statewide as water-damage claims surge.
Changes Coming For Citizens PolicyholdersCustomers of state-backed Citizens Property Insurance will face a number of policy changes as the company seeks to rein in water-damage claims that it blames for higher rates.
Citizens Warns Of 'Crisis' On Claims IssueInaction by Florida lawmakers to address a spike in water-damage claims could reverse years of work to shrink state-backed Citizens Property Insurance, the company's president said Wednesday.
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.
State Approves Citizens Property Insur. Rate HikeSouth Florida homeowners covered by Citizens Property Insurance can expect to see a hike in their 2016 bills.