Florida regulators have approved new rates for the state’s Citizens Property Insurance Corp., with premiums for the most-common type of homeowners policy increasing by a statewide average of 6.6 percent.

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.

The number of customers of the state's Citizens Property Insurance Corp. dropped this month after private carriers took nearly 100,000 policies.

State leaders met in Tallahassee on Tuesday to discuss the current state of Florida's insurance market.

Thousands of Citizens Property Insurance customers have until next week to decide if they want to take an offer from a private insurer.

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 state’s Citizens Property Insurance Corp.

The state’s Citizens Property Insurance Corp. has revised proposed rate increases, with many homeowners likely to see double-digit hikes starting late this year.

Regulators have ordered the state-backed Citizens Property Insurance Corp. to revamp — and trim — proposed rate increases.

Thousands of Citizens Insurance policyholders may have to pay pricier premiums as the state approves a plan to move policies to private insurers.

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.

Florida’s 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.

Florida’s Office of Insurance Regulation held a hearing Thursday afternoon to determine if rate hikes approved by Citizens Property Insurance can go forward.

The Citizens Property Insurance Corp. Board of Governors will consider a plan that would lead to double-digit rate increases for homeowners across the state.

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.

After Florida lawmakers made changes in the insurance system that he described as “historic,” Citizens Property Insurance Corp. President and CEO Barry Gilway said Thursday he will retire.

Preliminary estimates for Citizen’s Property Insurance Corp. have the company expecting upwards of 225,000 claims after Ian hit Florida as a Category 4 hurricane last week.

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 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.

Barry 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.

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.

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.

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.

Sharon Landry says she “freaked out” when she opened her statement and saw the premium for her homeowner’s insurance policy surge.