Citizens Insurance reaches more than 1.1M policies in 2022, up 50% from previous yearWith private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50% in 2022.
$437M paid in homeowner assistance relief after Ian, Florida DEO secretary saysDane Eagle said roughly 25,000 Florida residents have received financial assistance from the Homeowner Assistance Fund so far.
Hurricane Ian insured losses could total $40BA financial ratings agency said Thursday that an initial analysis indicates insured losses from Hurricane Ian could range from $25 billion to $40 billion, putting additional pressure on Florida’s troubled property-insurance market.
Citizens Insurance hits over 1M policies as Florida homeowners turn to last resortBarry Gilway, president and CEO of Citizens Property Insurance Corp., said Wednesday the state-backed insurer has been a “roller coaster ride” for the past two decades.
Citizens Insurance looking to lift $700K cap on policiesWith homeowners struggling to find coverage, insurance regulators are looking at the possibility of lifting a $700,000 cap on policies sold by the state-backed Citizens Property Insurance Corp.
Homeowners insurance: Terms to know about Florida’s special sessionState lawmakers will reconvene in Tallahassee for a special session aimed at reforming the state’s insurance industry that has faced a series of issues impacting the bottom line of many Floridians.
Property insurance attorney offers perspective on Florida’s insurance crisisInsurance companies say the crisis is being fueled by mounting litigation and fraud, but property insurance attorney John Tolley said that's not the full story.
