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Citizens Property Insurance

homeowner's insurance

Citizens Property Insurance tries to tamp down concerns that a U.S. Senate committee’s request could cause about its ability to pay claims

Citizens Property Insurance CEO took issue with a U.S. Senate Budget Committee request for information about the insurer’s finances.
homeowner's insurance

Citizens Property Insurance grows by 5,000 policies

Citizens Property Insurance had 1,260,777 policies in Florida as of Friday, up from 1,255,381 a week earlier,
homeowner's insurance

Private insurers in Florida are approved to take 40,000 policies from Citizens Property Insurance

Citizens policies have dramatically increased because private insurers dropped customers and raised rates amid financial problems.
storm warnings and watches Lee County

U.S. Senate panel seeks information about Florida’s Citizens Property Insurance

The request raises questions about climate risks & whether the federal government could be asked to bail out Citizens in a major hurricane.
homeowner's insurance

Homeowner policies continue to shift from Citizens to private insurers in Florida

For the second month in a row, private insurers have taken more than 90,000 policies from Florida’s Citizens Property Insurance Corp.
homeowner's insurance

Despite “depopulation,” the Citizens Property Insurance policy count continues to rise

The number of Citizens Property Insurance Corp. policies increased slightly last week, reaching 1,332,617 in Florida.
homeowner's insurance

Florida approves four private companies to take 125,000 policies from Citizens Property Insurance

Florida's Insurance Commissioner signed four orders that are part of what is known as a “depopulation” program aimed at shrinking Citizens.
homeowner's insurance

Citizens Property Insurance sends customers to private insurers amid its ‘depopulation’ plan in Florida

Florida's Citizens Property Insurance Corp. dropped in customer numbers this month after private carriers took nearly 100,000 policies.
homeowner's insurance

Florida legislative committee will hear an update on property insurance issues

A Florida Senate committee will receive presentations about the insurance market from the Insurance Commissioner and the Citizens President.
storm warnings and watches Lee County

Citizens Property Insurance policy count could decline in Florida

Florida's Citizens Property Insurance Corp. could start to see its number of policies decrease as it moves policies to private insurers.
Hurricane Idalia storm surge Gulfport Florida wmnf

Florida insurance issues could pose long-term problems

As Florida recovers from Hurricane Idalia, Fitch Ratings warned about the long-term effects of property insurance problems in Florida and CA.
Hurricane Idalia storm surge Gulfport Florida wmnf

Losses from Hurricane Idalia are estimated at $97.7 million and climbing

Estimated insured losses from Hurricane Idalia reached $97.7 million; 7 insurers can assume up to 202,000 policies from Citizens in November.

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