Live Insurance News

Homeowners insurance organization makes progress in Florida

December 2, 2013November 30, 2013 S.Vagus

Florida homeowners insurance, Citizens Property

Citizens Property Insurance finds financial success Florida’s Citizens Property Insurance has been struggling beneath a shroud of controversy for the past year. The state-run insurer has been cutting policies in an effort to depopulate itself and reduce financial strain while also raising rates on insurance policies that it has maintained. This has generate a great deal of criticism that has been issued against the state-run organization as well as lawmakers, but it has also placed Citizens Property Insurance in the “best financial shape” it has ever been in, according to…

Homeowners insurance in Florida to become more expensive

June 26, 2013June 24, 2013 Marc

Homeowners insurance rates to spike in Florida Florida is home to some of the highest homeowners insurance rates in the U.S. Next week, those rates may reach new heights thanks to the state’s Citizens Property Insurance Corp. News of rate increases coming from the state-run insurer has been circulating for some time, but now the organization’s board of directors seems to be ready to take rate hikes into serious consideration. Executives are currently schedules to meet next week in Miami in order to discuss a range of rate hikes, all…

Homeowners insurance bill in Florida signed by Governor Scott

June 1, 2013May 30, 2013 G. Turner

This will help to reform Citizens so that it will be able to further reduce its massive size. Governor Rick Scott has just signed a Florida bill into law which will allow a huge number of changes to be made to Citizens, the largest homeowners insurance company in the state. One of the goals of the bill is to move more of the policyholders from the state backed insurer into the private market. According to Senator David Simmons (R – Altamonte Springs), who sponsored SB 1770, “It’s a hell of…

Homeowners insurance rates to be affected by hurricane season

May 30, 2013May 28, 2013 H. Cutner

Property owners in Florida will be paying more for their coverage even though there haven’t been hurricanes in years. Despite the fact that Florida hasn’t been struck by a hurricane since 2005, the homeowners insurance rates are still on their way up as the season for these violent storms gets under way this year. In 2004 through 2005, the state was struck by eight different hurricanes, the last being Wilma. Hurricane Wilma slashed its way across the southern edge of the state and lead to billions of dollars in damage…

Homeowners insurance policyholders at Citizens may have savings option

May 21, 2013May 25, 2013 H. Cutner

Many property owners are unaware of some of the cheaper coverage opportunities that are available. Citizens homeowners insurance policyholders in Florida may have additional savings options available to them of which they have been completely unaware, but that is starting to gain more media attention. As raises in rates have been making headlines from this insurer of last resort, many have missed potential savings. There are less expensive forms of coverage at Citizens homeowners insurance, which are available amid an environment in which the rates are rising at a staggering…