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What Citizens Insurance depopulation means for Florida homeowners
Read full article: What Citizens Insurance depopulation means for Florida homeownersAs rates soared, this state-backed carrier amassed a staggering 1.25 million active policies. Now, however, that number is about to be halved as the state rolls out a depopulation initiative.
Citizens Property Insurance leaders back double-digit rate hike
Read full article: Citizens Property Insurance leaders back double-digit rate hikeWhile saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases in 2025.
Citizens under investigation by US Senate committee amid Florida insurance woes
Read full article: Citizens under investigation by US Senate committee amid Florida insurance woesThe U.S. Senate Budget Committee is investigating Citizens Property Insurance, Florida’s property insurer of last resort that now has the largest share of property insurance holders in the state.
Citizens Insurance looks to double rates, drop thousands of policies
Read full article: Citizens Insurance looks to double rates, drop thousands of policiesFlorida’s Office of Insurance Regulation held a hearing Thursday afternoon to determine if rate hikes approved by Citizens Property Insurance can go forward.
Florida lawmakers ready for special session on property insurance after Hurricane Ian
Read full article: Florida lawmakers ready for special session on property insurance after Hurricane IanWith Florida's property insurance crisis worsening after Hurricane Ian, Gov. Ron DeSantis is calling legislators back to Tallahassee to address the issue, as well as looking at offering property tax relief to those who lost their homes and businesses to the storm.