Florida regulators eye Citizens Insurance rate hikes to match market
Florida regulators Thursday dug into a proposal that would lead to double-digit rate increases for customers of Citizens Property Insurance Corp., as the state insurer of last resort continues trying to push policies into the private market.
Citizens customers with private insurance letters: deadline to decide is today
Thousands of Citizens Property Insurance customers have until next week to decide if they want to take an offer from a private insurer.
Citizens Insurance signs off on more policy proposals for private insurers
Amid a push to move policyholders into the private market, regulators have approved proposals by six private insurers to take as many 153,000 policies from the stateโs Citizens Property Insurance Corp.
Private insurers set to take thousands of Citizens policies. Hereโs why it matters
Thousands of Citizens Insurance policyholders may have to pay pricier premiums as the state approves a plan to move policies to private insurers.
Floridians flock to Citizens Insurance even as it plans rate hikes
As Citizens Property Insurance Corp. waits for a decision on a plan that would lead to double-digit rate increases for customers, the state-backed insurer remains on a path to grow to 1.7 million policies by the end of the year, President and CEO Tim Cerio said Wednesday.
โIโm concerned but Iโm angry:โ Florida CFO details plan to deal with Farmers Insurance
Floridaโs chief financial officer is looking at ways to go after Farmers Insurance for its plan to pull its Farmers-branded services from Florida, affecting 100,000 policyholders.
Citizens Insurance looks to double rates, drop thousands of policies
Floridaโs Office of Insurance Regulation held a hearing Thursday afternoon to determine if rate hikes approved by Citizens Property Insurance can go forward.
Citizens Insurance reaches more than 1.1M policies in 2022, up 50% from previous year
With private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50% in 2022.
Citizens Insurance sees thousands of new claims after Hurricane Ian
Preliminary estimates for Citizenโs Property Insurance Corp. have the company expecting upwards of 225,000 claims after Ian hit Florida as a Category 4 hurricane last week.
Insurance companies, FEMA helping hurricane victims in Port Charlotte
Insurance agents from State Farm to Citizens Insurance are operating makeshift tent offices in a mall parking lot in Port Charlotte, Florida to help people get funds, food and supplies.
Insurance companies, FEMA helping hurricane victims in Port Charlotte
Insurance agents from State Farm to Citizens Insurance are operating makeshift tent offices in a mall parking lot in Port Charlotte to help people get funds, food and supplies.
Citizens Insurance hits over 1M policies as Florida homeowners turn to last resort
Barry Gilway, president and CEO of Citizens Property Insurance Corp., said Wednesday the state-backed insurer has been a โroller coaster rideโ for the past two decades.
Florida Gov. Ron DeSantis calls for special session to address property insurance crisis
Gov. Ron DeSantis has called a second special legislative session, this time with the goal to address Florida's property insurance crisis which has seen many homeowners lose their insurance or see their premiums skyrocket.
Florida โHome Hardeningโ bill touted as insurance relief, but puts costs up front
Lawmakers claim new legislation that just passed will offer homeowners relief, but some consumers like Susie Blanchard say the law is lip service at best.
Property insurance companies drop 50,000 Florida policy holders ahead of hurricane season
With hurricane season weeks away, three property insurance companies are dropping more than 50,000 policy's in Florida and some of the policy holders have not been notified yet.