Citizens Ins. has record-low number of policies (3/19/2015)
A move to lower the number of policies under Fla.-owned Citizens Ins. appears to be working – the number dropped below 600K for the first time since inception.
Citizens Ins. to accept alternate mobile home valuation tools (3/18/2015)
On March 2, Citizens encouraged mobile and manufactured homeowners to make sure improvements have been factored into the cost of their property insurance.
Fla. eliminates last hurricane assessment (3/10/2015)
It’s official: Property insurance policies will cost slightly less after July 1 – Fla. abolished the last hurricane damage assessment it charged homeowners.
Flood insurance premiums can go up after April 1 (3/5/2015)
Under last year’s law that limits flood insurance rate increases, a single policy can go up 18%, providing the average premium in its rate class rises no more than 15%.
‘Assigned benefits’ a hidden property insurance cost (1/29/2015)
A Fla. House member issued a warning about “assignment of benefits” on insurance claims, saying many of them simply empower shady companies to overcharge.
Citizens Insurance continues shedding policies (1/12/2015)
After approving a 93.5K policies “takeout” Fri., the Fla.-owned insurer said an uptick in private insurer interest might help it shrink even more than predicted.
Congress adjourns without passing terrorism bill (12/18/2014)
A lone senator’s objection derailed passage, and commercial projects will lose coverage or face higher costs Jan. 1. The issue is not dead yet, however.
CEO: Citizens Ins. won’t need taxpayer help in 2015 (12/11/2014)
Even if a once-in-a-century storm hits Fla. next year, the state-owned “insurer of last resort” says it won’t need a taxpayer bailout to help pay expected claims.
Government terrorism insurance program faces lapse (12/4/2014)
Without terrorism coverage, commercial development could slow down, especially in urban areas. NAR issues Call for Action, asks members to help get it passed.
Gov’t, real estate should mitigate disasters more (12/4/2014)
A ULI report looked at U.S. and other countries’ disaster mitigation policies. Its conclusion: Insurers do a good job, but others need to get involved.
New sinkhole standards a problem for some owners (10/20/2014)
Some Fla. homeowners once claimed sinkhole damage against their insurance for even a small crack. But tightened rules hurt owners with legitimate problems.
Scott, Crist split on approach to property insurance (10/9/2014)
Fla. has found it challenging to make property insurance both affordable and readily available, and the gubernatorial candidates approach the problem differently.
Fla.-owned Citizens OKs another 200K policy removals (10/2/2014)
However, only 1 in 10 homeowners offered a change this year actually switched to a private insurer, according to the Florida Office of Insurance Regulation.
Owners who overpaid flood ins. to get refund soon (10/1/2014)
A law that tempers the high cost of flood insurance passed too late for some homeowners, but their rebate checks will be sent out shortly, according to FEMA.