Tag: property insurance

Florida homeowners insurance rates continue to rise

S.Vagus
Florida Homeowners Insurance

Homeowners coverage continues to grow more expensive The Florida homeowners insurance industry is notoriously risky. Many insurers have chosen not to participate in the state market due to the liability they are exposed to, leaving homeowners to rely on state-run Citizens Property Insurance to find the coverage they need. One of the reasons that private companies are unwilling to participate in the Florida market is the frequency with which natural disasters hit the state. These disasters have caused home insurance rates to explode over the past several years, despite the…

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Property and casualty insurance industry will continue holding strong

Julie Campbell
Property and Casualty Insurance

Moody’s has released its global predictions and has suggested that P&C will remain stable. Moody’s Investors Service Inc. has now released its predictions regarding the global property and casualty insurance industry, and they have designated its future as being “stable” for the next while. This data was first released at the end of last week as Moody’s provided its industry forecasts. Moody’s put out its “2014 Outlook – Global P&C Insurance” report and, within it, the firm showed that property and casualty insurance premiums will be continuing their growth within…

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More homeowners insurance policies being removed from Citizens

S.Vagus
Florida Homeowners Insurance

Florida regulators approve further depopulation efforts Florida insurance regulators have approved yet another initiative from the state’s Citizens Property Insurance organization to shed policies. The state-run insurer has been working to depopulate itself of homeowners insurance policies for the past few years in order to resolve ongoing financial issues. The endeavor has proven quite successful, as the insurer recently announced that it now has some $7 billion in reserve capital. The initiative has caused some concern among consumers, however, whose policies are being taken up by private companies. 151,000 policies…

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Homeowners insurance organization makes progress in Florida

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…

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Tennessee homeowners insurance customers advised to review their coverage

Julie Campbell
homeowners home insurance policies christmas holidays

The State Fire Marshal has recommended that they look into their protection ahead of holiday travels. The top fire official in the state is recommending that Tennessee homeowners insurance policyholders review their coverage before they head out of their homes this holiday season. The more people go away on vacations or even just to attend gatherings, the greater the risk of mishaps. There are a number of reasons that Tennessee homeowners insurance customers should be more aware of their coverage and of their own activities at this time of year.…

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