Live Insurance News

Citizens Insurance will make significant changes to its reinspections

August 21, 2012August 21, 2012 Julie Campbell

Following consumer outcry and heavy media attention, the insurer will be altering the program. Citizens Insurance has now announced that it will be overhauling its highly controversial reinspection program, following significant consumer upset as well as massive negative media coverage. So far, the program has led to a tremendous $137 million in premiums increases. The new plans for the program will give homeowners who have lost their discounts on their Citizens Insurance policies, the opportunity to have a second inspection, free of charge, at which time they can either have…

Homeowners insurance makes it tougher to purchase a house in Florida

August 16, 2012April 30, 2013

The coverage industry in the state is having a large impact on real estate. Though buyers are returning to the real estate market as they start to lose their hesitation to buy a property and regain the means with which to do so, but the homeowners insurance prices in Florida are making those same consumers balk. In some cases, it is leading buyers to decide against a purchase, in others, they are swamped after they’ve bought. Depending on the neighborhood in Florida, the homeowners insurance premiums can be prohibitive for…

Homeowners insurance premiums are causing some seniors to go without

August 14, 2012August 14, 2012 Julie Campbell

The skyrocketing rates are proving to be prohibitive to many older Americans in Florida. As the cost of homeowners insurance moves ever skyward, many senior citizens who are living in Florida are finding themselves in the highly risky position of having to allow their policies to lapse, and to take their chances with the costs that would occur if a hurricane should strike. As many seniors own their own homes with no mortgages, they have this precarious option. As seniors have often paid off their houses, they are legally allowed…

Citizens Insurance comes under fire once again in Florida

August 7, 2012August 6, 2012 S.Vagus

Building inspector reveals details about Citizens Insurance Florida’s Citizens Insurance continues to found itself steeped in controversy as some of its practices become exposed by an anonymous building inspector. The inspector, whom liaised with Florida’s The Palm Beach Post, claims to have worked with Citizens Insurance on several occasions during the state-run company’s massive building reinspection campaign. Citizens Insurance launched the campaign to re-evaluate the value of the homeowner’s insurance policies it has written in the state. According to the inspector, the insurance company has taken steps to ensure that…

Florida’s Citizens Insurance to receive assistance from private insurers

July 31, 2012July 30, 2012 S.Vagus

Private insurers come to the aid of troubled Citizens Insurance Private insurance companies in Florida may be coming to the aid of the state’s beleaguered Citizens Property Insurance Corp. The state run insurance organization has been facing financial troubles for the past several years. The insurer is considered one of the last, best places to attain affordable homeowner’s insurance coverage in the state. This is due to the fact that many private insurance companies have been limiting the policies they write within Florida due to the state’s penchant for natural…