Citizens Property Insurance of Florida heading toward privatization

Florida’s Citizens Property Insurance may be heading toward privatization. The state-run program is considered the last resort for affordable insurance coverage in the state, offering policies that other insurers shy away from at lower rates. Jim Malone, CEO of the state sponsored company, has been considering the idea for some time and has recently proposed the idea to legislators. If the program is to become privatized, the effort would take well over a year, during which time the company will no longer be able to take on additional clients. Malone…

Read More

Esurance begins offering homeowner’s insurance policies in Florida

American homeowners insurance rates - House

Esurance, the acclaimed car insurance provider, has announced that it will be branching out into the homeowner’s insurance sector in Florida. The company is partnering with Security First Insurance, a well establish home insurer in the state. In teaming with Security First, Esurance hopes to bring a new line of affordable insurance options to the state’s homeowners. The company will also be providing discount for properties at risk of being damaged by hurricanes or wildfires. Security First will be underwriting the insurance policies, which will be tailored to cater to…

Read More