| Jan 7, 2012
| 2:02 PM
Some homeowners have had to beef up the amount of property insurance they buy to cover what they say are inflated cost estimates to rebuild their homes.
It's a double whammy for homeowners because for many, rebuilding costs didn't go down when the...
| Nov 30, 2011
| 9:30 AM
A Citizens Property Insurance panel approved 30 recommendations Wednesday to help the state-backed insurer downsize and lower its financial risk to Floridians.
The changes will be discussed at a Cabinet meeting on Tuesday. Many would reduce Citizens&...
| Sep 19, 2011
| 7:50 PM
Homeowners insurance rates for Citizens Property Insurance policyholders will rise by a 6 percent statewide average next year, regulators said Monday night.
The average increase approved for many parts of South Florida next year is nearly 10 percent,...
| Oct 11, 2011
| 9:00 PM
Florida insurance industry representatives know state lawmakers may not end up spending as much time on insurance issues during the legislative session that starts in January as they have in years past.
But some have a wish-list of changes they said...
| Oct 14, 2011
| 9:37 AM
Citizens Property Insurance, the state’s largest home insurer, has more customers than ever — only this time, it’s not because the state has just been hit by hurricanes.
The state-run insurer has 1.46 million policies, higher than...
| Oct 21, 2011
| 7:13 AM
Legislators looking for ways to shrink state-backed Citizens Property Insurance introduced bills this week to allow unregulated insurers to take over the insurer's policies.
Surplus lines insurers and their customers are exempt from fees other...
| Nov 3, 2011
Gov. Rick Scott asked Citizens Property Insurance Corp.'s board to come up with a goal to reduce the state-backed insurer's size and risk and present a plan on how to do that at the Dec. 6 Cabinet meeting.
The most direct way to do that is to raise its...
| Nov 2, 2011
| 11:43 AM
Legislation to allow less-regulated insurers to take over state-backed Citizens Property Insurance's policies cleared a first hurdle Wednesday.
The House insurance committee approved the bill, HB 245, by a 13 to 1 vote. The legislation intends to...
| Nov 9, 2011
| 6:38 AM
Citizens Property Insurance plans to raise premiums for the most valuable condominium associations by a statewide average of 19 percent on policies that cover fire, theft, hurricanes and other risks.
The rate hike could affect tens of thousands of people...
| Nov 15, 2011
| 8:12 AM
Citizens Property Insurance's board gave an early green light late Monday to recommendations to help the state-backed insurer downsize its size and financial risk to Floridians.
Many of the proposals would allow it to shrink and effectively raise...
| Jul 26, 2012
| 9:19 AM
Insurance Consumer Advocate Robin Westcott on Thursday criticized Citizens Property Insurance's push to inspect homes and revoke discounts for hurricane-resistant features.
"Hardening of homes is the only way Floridians have to help control...the...