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Tag Archives: Citizens

Homeowners insurance policies continue to be released by Florida’s Citizens …

Homeowners insurance policies continue to be released by Florida’s Citizens …News from Live Insurance News: Florida’s Citizens Property Insurance, which offers homeowners insurance coverage to consumers, has successfully shed the bulk of its policies over the past year. The state-run organization has been trying to depopulate itself of policies in order to address its financial [...]

Louisiana Citizens Insurance Policy Count Down 50% from All-Time High

Louisiana Citizens Insurance Policy Count Down 50% from All-Time HighNews from Insurance Journal: Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for Citizens Property Insurance Corp. (Citizens), the state’s insurer of last resort, has dropped by 50 percent from its all-time high in 2008. With this eighth round of the Citizens Depopulation [...]

Homeowners battle push by Citizens Property Insurance to drop them

Homeowners battle push by Citizens Property Insurance to drop themNews from Tampabay.com: Citizens Property Insurance really doesn’t want your business. So much so that some homeowners feel they’re being misled, if not outright deceived, as they’re strongly nudged to go elsewhere. State regulators approve lower rates for most homeowners with Citizens Property Insurance 3 Months [...]

Homeowners insurance plans from Citizens accepted by Florida lawmakers

Homeowners insurance plans from Citizens accepted by Florida lawmakersNews from Live Insurance News: A proposal by the state run homeowners insurance company, Citizens, has now been accepted by Florida lawmakers, changing the current regulations so that the company will now be able to provide private insurers with loans of up to $ 350 million in [...]

Homeowners insurance policyholders step away from Citizens

Homeowners insurance policyholders step away from CitizensNews from Live Insurance News: According to the homeowners insurance commissioner in Louisiana, there have been 6,877 policies that have now left Citizens and that are now being covered by private insurers. These property owners will benefit from the change because they will likely have lower premiums. Citizens homeowners [...]

Citizens’ Targets 200000 Policies In “Opt Out” Campaign

Citizens’ Targets 200000 Policies In “Opt Out” CampaignNews from CBS Local: MIAMI (CBSMiami) – Thousand of South Florida homeowners insured by the state-run Citizens’ Property Insurance have gotten a letter from them recently that said they’re coverage had been chosen to be transferred to a private company if they fail to send in a form [...]

Switch from Citizens to private insurers a crapshoot for consumers

Switch from Citizens to private insurers a crapshoot for consumersNews from Sun-Sentinel: Like thousands of other South Florida homeowners insured by state-run Citizens, I got a letter last week from a private insurer informing me they would be taking over my policy in 30 days – unless I opt out. Sounds promising, I thought, when [...]

Citizens insurance customers should weigh options carefully

Citizens insurance customers should weigh options carefullyNews from Bradenton Herald: You’re among tens of thousands of Citizens Property Insurance customers getting notice in the mail this week that one of five private insurers wants to assume your homeowners policy. Clicking on the website of one of the “takeout” companies to get details, you’re greeted with: [...]

Insurance regulators approve double-digit rate increase on Citizens’ home and …

Insurance regulators approve double-digit rate increase on Citizens’ home and …News from The Republic: TALLAHASSEE, Fla. — Florida businesses and homeowners doing business with state-backed Citizens Property Insurance Corp. will see double-digit premium increases in most cases early next year. The Office of Insurance Regulation on Tuesday approved a 10.8 percent increase on homeowners’ policies [...]

Fasano blasts Citizens rate hike at Miami hearing

Fasano blasts Citizens rate hike at Miami hearingNews from Examiner.com: Florida’s Office of Insurance Regulation held a hearing in Miami this past Thursday to discuss a filing by Citizens Insurance requesting a rate increase for the bulk of its policyholders. The state-run insurer of last resort has become a hot-button issue for Florida voters since [...]

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