For the first time in more than a decade, Citizens Property Insurance Corp., the state-backed insurer of last resort, is proposing a 2.6% statewide average rate decrease, a move insurance experts say signals growing stability after years of soaring costs.
A major change is coming for more than half a million Florida homeowners insured through Citizens Property Insurance, and those who don’t comply risk losing their coverage.
Citizens Property Insurance Corp.’s policy count dropped below 800,000 last week and is projected to plunge to fewer than 654,000 by the end of the year, the state insurer’s top executive said Wednesday.
After drawing seven bids from its invitation to negotiate for “turn-key” office space in Jacksonville, Citizens Property Insurance Corp. has selected a property in South Jacksonville.
After drawing seven bids from its invitation to negotiate for “turn-key” office space in Jacksonville, Citizens Property Insurance Corp. has selected a property in South Jacksonville, News4JAX’s news partner the Jacksonville Daily Record reported.
After drawing seven bids from its invitation to negotiate for “turn-key” office space in Jacksonville, Citizens Property Insurance Corp. has selected a property in South Jacksonville, News4JAX’s news partner the Jacksonville Daily Record reported.
Property insurance experts say Florida homeowners have reason to be hopeful about future insurance costs.
Citizens Property Insurance denied 77% of homeowners claims from Hurricane Debby, according to new data from the Allbritton Journalism Institute.
In a unanimous vote Wednesday morning, the Citizens Board of Governors approved a 14% price hike for policyholders -- covering single family homes, condominiums, mobile homes and rental properties.
Floridians are in the midst of hurricane season and a property insurance crisis.
The Florida Office of Insurance Regulation (OIR) announced that eight property and casualty insurers are coming to Florida following legislative reforms designed to promote market stability.
Florida property insurance experts say the approval of four insurance companies to take as many as 125,000 policies from Citizens Property Insurance is another sign the state is headed in the right direction.
Property insurance customers of the state-backed insurance company Citizens are getting a pleasant surprise as they learn there is a decrease in property insurance premiums.
Citizens property insurance policyholders are getting letters in the mail asking them to switch to private insurance companies. The state-backed "insurer of last resort" is switching 300,000 policies.
Citizens Property Insurance, the state’s “insurer of last resort” is sending policyholders letters that says they’ve received an offer of coverage from another private market insurance company.
Property Insurance experts are calling it a step in the right direction, in helping consumers in the state of Florida who have been rocked by the home insurance crisis.
Dozens of Florida homeowners insured by Citizens Property Insurance are complaining about the abrupt price hike in their property insurance.
The homeowners insurance industry is in crisis in Florida. Homeowners are getting dropped by their insurance companies, forcing them to pay for Citizens Property Insurance.
Charlie Crist, the Democratic nominee for Florida governor, held a news conference Wednesday in Jacksonville, saying he has tackled property insurance in Florida before and he would do it again as governor.
Pointing to “almost incomprehensible growth,” the president and CEO of Citizens Property Insurance Corp. said Wednesday the state-backed insurer could have 1.2 million customers by the end of the year.
