Subprime services company abandons disputed fees (11/13/2014)
Altisource, which has ties to Ocwen Financial Corp, says it will stop collecting commissions on “force-placed” insurance, but didn’t say when.
State Farm wants drones to check damage after storms (10/27/2014)
The insurer hopes to experiment with drones, with an eye on using them post-disaster “to determine the nature and extent of damage to policyholders’ property.”
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.
Renters need insurance – but few have it (9/26/2014)
63% of renters don’t insure their home, making them vulnerable to damage from hurricanes, fire, lightning, theft, explosion and other disasters.
State-backed insurer may put early end to storm tax (9/22/2014)
A new 1% reduction in Fla.’s “insurance tax” on all policies will be decided Wed. Two months ago, regulators nixed a similar 1.3% surcharge effective Jan. 1.
Fla. regulators approve Citizens’ 2015 rates (9/8/2014)
Overall, the changes will result in an average 2.7% decrease for residential policyholders that rely on the state-owned insurance company.
Citizens seeks rate cuts for inland homeowners (8/28/2014)
The Fla.-owned property insurer wants to reduce average base rates on most policies for the first time since a move to artificially lower rates ended in 2009.
Fla. 1 of 4 states where insurers snub credit scores (8/20/2014)
A good credit score does more than snag a lower mortgage rate. Nationwide, it costs low-score owners 91.4% more for property insurance – but it’s 0% more in Fla.
Fla. OKs removal of 97,231 Citizens Ins. policies (8/11/2014)
The Office of Insurance Regulation approved four companies to take residential and commercial policies. So far this year, 466,572 have been OK’d for take-out.
Citizens offers settlements on 600 sinkhole claims (7/30/2014)
The Fla.-owned property insurer offered a deal it hopes will end litigation alleging that it failed to properly deal with homeowners’ sinkhole damage claims.
NAR to Congress: More work to do on flood insurance (7/24/2014)
In testimony before a Senate committee, NAR told lawmakers’ that recent flood insurance changes have stabilizes the housing market – but they must do more.
‘Hurricane tax’ on policies to end 18 months early (7/23/2014)
It’s official: Fla. agency confirms that a 1.3% extra charge added to all property and auto insurance policies will end on Jan. 1.
Flood insurance refunds to begin Oct. 1 (7/21/2014)
All homeowners who deserve a flood policy refund because they paid a higher rate before Congress changed the program should receive money back before Dec. 31.
Citizens Insurance Corp. board approves 2015 rates (6/27/2014)
While Fla. must still sign off on lower rates for state-owned Citizens, the average homeowner should save $159 yearly – but rates will go up for some.
Citizens delays expansion of clearinghouse (6/26/2014)
The clearinghouse will compare private insurance policy rates to Citizens Ins. rates when a homeowner renews, but the new procedure is delayed until Nov. 1.
Citizens wants to lower property insurance rates (6/24/2014)
Almost 70% of homeowners covered by the Fla.-owned insurer could see lower rates in 2015, with an average savings of 3.2%; mobile homes could see 3.9%.
Gov. Scott signs Fla. flood insurance bill (6/16/2014)
The new law, effective immediately, encourages private insurers to enter the Fla. market by giving them rate-setting flexibility and reduced regulatory burdens.