Citizens expands clearinghouse to condo units (11/24/2015)
Starting Dec. 14, condo owners who want new or renewed coverage from Citizens Property Insurance will have to first wait on offers from private insurers.
Fla. leads U.S. dive in flood policies (11/20/2015)
After Congress increased the cost of flood insurance policies, Fla. homeowners had a choice: Pay more or drop coverage? About 300,000 (13%) dropped it.
Insurer that only covers $1M homes grows 40% a year (11/10/2015)
The insurer to “a select community of like-minded families” has 7K Fla. policies that offer expanded jewelry coverage and a focus on protecting wine collections.
Fla. says all state insurers OK for 100-year storm (10/28/2015)
The report contains few details to help customers compare carriers, but Fla.’s CFO says it should inject new confidence in the rebounding insurance industry.
Court: Lawmakers should decide insurance controversy (10/27/2015)
After a home disaster, should owners be able to “assign benefits” that make insurers pay contractors directly? Fla. court says yes – unless laws change.
Bundling insurance helps – but not so much in Fla. (10/26/2015)
Floridians save about 8% on insurance if they bundle multiple items, such as cars and homes, with one company. But savings run as high as 22% in other states.
Fla. asks FEMA for flood insurance rate info (10/5/2015)
The state insurance regulator asked FEMA for details about flood ins. rate increases to see if Fla. homeowners pay more for coverage than they should.
Nixing cosmetic repairs could lower property ins. (9/28/2015)
Scammers who push owners to submit insurance claims for cosmetic damage (appearance but not function) can indirectly raise all area rates.
State regulators approve Citizens rate hikes (9/9/2015)
The Fla.-owned insurer received the OK for an average 1.8% increase for residential policies – but most coastal owners will pay more as inland owners pay less.
Fla. consumer advocate questions Citizens’ rate hike (9/3/2015)
On Mon., Sha’Ron James asked for an analysis of reinsurance costs and water-damage claims, but the Fla.-owned insurer defended its recent rate hike request.
Citizens CEO suspects water damage claim fraud (8/26/2015)
Citizens, the Fla.-owned insurer of last resort, requested an average 3.2% premium increase, citing a “disturbing” spike in water damage claims out of S. Fla.
Citizens insurance policies eyed for private market (8/13/2015)
Fla. will allow state-backed Citizens Property Ins. to move about half its policies to seven private insurers – but not all homeowners will agree to the switch.
Treasury Dept. issues final rule on flood insurance (7/22/2015)
A group of federal government regulatory agencies finalized some rules covering detached structures, escrowed flood payments and force-placed policies.
Bill protects second homes from flood ins. increases (7/8/2015)
It’s a long shot in Congress, but two Fla. lawmakers will back a House bill that, if passed, would extend current flood ins. rate-increase protections to second homes.
Residents fight 6-year sinkhole battle as law shifts (7/8/2015)
A Fla. law that made it harder to collect sinkhole property insurance claims without major destruction may cause problems for homes with moderate damage.
Federal agencies tinker with flood insurance rules (6/29/2015)
The rule change allows some property owners to escrow flood insurance premiums into their mortgage payments and dole it out in 12-month installments.