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 company taking a look at its own expenses

August 23, 2012April 30, 2013

Citizens in Florida is examining its salary, travel, and management costs. Citizens currently faces $1.9 billion in expenses every year at the three corporate locations across the state, in order to provide homeowners insurance to policyholders throughout Florida. The leaders of that state backed insurer are now looking into those costs. This investigation includes both the pay and the benefits that are being received by its employees, as well as the costs associated with travel, and the expenses relating to its overall structure of management. Simultaneously, these company heads are…