Category

Insurance

homeowner's insurance

The policy count goes down for Florida’s Citizens Property Insurance

Citizens Property Insurance had a nearly 13,000-customer decrease last week as private insurers could take policies through “depopulation.
homeowner's insurance

Citizens Property Insurance approves reinsurance coverage

Florida’s Citizens Property Insurance approved spending as much as $750 million on reinsurance for backup coverage before hurricane season.

Fire and Ice interviewed: Richard a Black Business Owner of The Elite Factory, in the TampaBay Area

Fire and Ice interviewed: Richard a Black Business Owner of The Elite Factory, in the TampaBay Area a professional gym that welcome everyone to train and develop good health habit whether you are up...
storm warnings and watches Lee County

A property insurance company will pay a $1 million fine over mishandling claims after Hurricane Ian

An order says that Heritage Property & Casualty Insurance violated claims-handling requirements following Hurricane Ian.
homeowner's insurance

Florida Peninsula Insurance Company will lower rates by an average of 2 percent

Florida lawmakers and insurance industry officials say changes, such as steps to reduce costly litigation, are helping the market rebound.
homeowner's insurance

Citizens Property Insurance touts that private companies are taking over its policies

Private insurers pulled more than 275,000 policies last year from Florida’s Citizens Property Insurance and nearly 115,000 this year,
storm

A judge rejects Florida’s request to block changes to flood insurance

A federal judge has rejected a request by Florida & other states for a preliminary injunction to block changes to the National Flood Insurance Program.

WMNF News poll on the costs of housing and insurance in Florida

Republicans are more likely to blame the federal government for high insurance costs while Democrats are more likely to blame the state.
homeowner's insurance

The number of Citizens Property Insurance policies goes down in Florida

Citizens had about 1.162 million policies Friday, down from 1.18 million policies a week earlier.
Citizens Property Insurance

CEO: Citizens Property Insurance “will always be able” to pay claims, despite what Ron DeSantis claims

Senate Budget Chair Sheldon Whitehouse sent a letter that cited a recent comment by Florida Gov. Ron DeSantis that Citizens is “not solvent.”
homeowner's insurance

The U.S. Senate wants info from Florida’s Citizens Property Insurance

"... according to Florida’s own governor, Citizens faces a major solvency crisis and would be unable to pay out all claims and expenses should a major storm hit Florida,” Sen. Sheldon Whitehouse wrote.
homeowner's insurance

Florida lawmakers pass changes to Citizens Insurance

The Florida House passed a bill that could lead to at least some second homes moving from Citizens to the private insurance market.

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