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Articles relating to "Property insurance":

Citizens unveils managed repair network (5/25/2017)
Starting July 1, homeowners insured by Fla.-owned Citizens policies will have new policy language that gives Citizens more power over the way it handles claims.

Fla. insurer closes doors: 22,000 policies taken over (5/24/2017)
A start-up player, Mount Beacon Insurance Co., is going out of business, and about 22,000 policies have been transferred to Florida Specialty Insurance Co.

Should Congress raise the cost of flood insurance? How much? (5/23/2017)
The National Flood Insurance Program expires Sept. 30 and is $25 billion in debt. NAR has made flood insurance renewal a top priority, and lawmakers are now considering some dramatic program changes to keep it solvent and operational.

Hurricane season approaches: Review your insurance (5/19/2017)
The 2017 hurricane season officially starts in 10 days. Homeowners should review policies now. Need flood insurance? Remember that it takes 30 days to kick in.

HUD, FEMA announce goals to Realtors in Washington (5/17/2017)
HUD Secretary Carson told Realtors at the Realtors Legislative Meetings & Trade Expo that he plans a new era of homeownership, saying HUD will address FHA restrictions on condo lending. FEMA announced a goal to double flood ins. coverage by 2023.

Fla. gives property insurers a higher rate hike than requested (5/10/2017)
The state says it approves financially sound insurance rate hike requests, and its approval may be “more or less than what a company requests.” For two Fla. insurers, the state deemed their rate hike request too low and it OK’d a higher increase.

Bad credit scores can triple home insurance costs (5/8/2017)
In Florida, a homeowner with bad credit pays, on average, 25% more for property insurance than an owner with good credit. In some states, it’s much more though.

Do investors need landlord insurance? (4/24/2017)
Landlord insurance coverage varies based on location; but, in general, it will protect the house, apartment or condo being rented out against “covered perils.”

Survey: Flood insurance reforms have bipartisan support (4/18/2017)
Lawmakers may disagree, but a survey of voters found strong support for flood insurance upgrades, including conservation buyouts and local mitigation efforts.

Most consumers think their insurance covers flooding (4/10/2017)
The national flood program might be in better financial shape if more homeowners knew they needed coverage. A recent study found that 56% do not.

It’s time to evaluate flood insurance coverage (4/5/2017)
Hurricane season starts June 1, and newly insured homeowners must wait 30 days after they’re accepted for coverage to kick in. Bottom line: It’s time to sign up.

Need flood insurance? It expires in six months (3/30/2017)
On Sept. 30, the national flood insurance program officially ends, which could create a dilemma for homeowners and buyers. NAR is working with federal regulators to extend and improve the program, but challenges lie ahead.

Citizens Ins. says it had a $27M net loss in 2016 (3/30/2017)
In 2015, the state-run insurer had a $5.7M profit, but blames its 2016 loss on assignment of benefits (AOB) problems and related litigation.

Court backs State Farm on policy info (3/21/2017)
In a defeat for the Office of Insurance Regulation, an appeals court agreed the info is a “trade secret” and should be shielded from public disclosure.

Tax reform could raise cost of property insurance (3/21/2017)
Insurers buy reinsurance to reduce risk, but most reinsurance businesses exist outside the U.S. Fla. TaxWatch says a border tax proposal would increase the cost of reinsurance and homeowners would end up paying for it via higher property insurance rates.

Budget proposal could impact flood insurance (3/21/2017)
Proposed $190M budget cuts for updating flood maps could lead to higher costs if insurers stop trusting older maps or homeowners must make up the difference.

U.S. House studying a flood insurance extension (3/15/2017)
The national flood insurance program ends Sept. 30, and Congress has just started to look for ways to rework and continue the program, which is deep in debt.

Insurance claim satisfaction rises – but not so much in Fla. (3/10/2017)
A J.D. Power survey finds that Americans are generally happier with their property insurers when they have a claim, though little has changed for Floridians.

Lenders may soon reject some Fla. property insurers (2/9/2017)
Fannie and Freddie decide which insurance companies are okay, but they may soon delete a few from Fla. lists, which would force 250K owners to find a new insurer.

Hurricane Matthew damage? 60 more days to file (2/6/2017)
FEMA has granted homeowners affected by Hurricane Matthew flooding 60 more days to file a flood insurance claim.

Court weighs State Farm Florida trade secrets (1/20/2017)
Where does State Farm sell insurance policies in Fla.? The group considers that a trade secret, but an appeals court will decide if that claim is justified.

Water claims could lead to more Citizens policies (12/8/2016)
After years of downsizing, the Fla.-owned property insurer said its policy numbers would probably increase in 2017 due mainly to a bump in water damage claims.