What do you know about home insurance? (2/10/2016)
Key aspects of homeowner’s and renter’s insurance continue to confuse many Americans, according to a report from the Insurance Information Institute.
Citizens Ins. recovers $4.2M in claim payouts (2/5/2016)
The Fla.-owned insurer says it recouped the money and legal fees from people and companies that were ultimately responsible for damages that Citizens paid.
Citizens hits milestone: less than 500,000 policies (1/21/2016)
The Fla.-owned insurance company has fewer policies than it did when formed and 68% less than a few years ago – and it’s no longer Fla.’s biggest insurer.
Citizens policyholders face multiple opt out notices (1/11/2016)
If an owner covered by Fla.-owned Citizens wants to keep it, he must respond to all opt-out offers, and some have received many – at times from the same company.
Fla.’s Insurance Commissioner stepping down (1/6/2016)
Kevin McCarty steps down May 2. Since 2003, he has influenced Fla. property insurance rates and directed the program to shrink Fla.-owned Citizens Ins. A replacement has not been named.
Citizens clarifies policy language for water losses (12/10/2015)
If approved by OIR, the Fla.-owned insurer will mandate a pre-inspection of water damage claims, a 72-hour filing window and a limit on the extent of repairs.
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.
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.