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As of April 7, 2023 Citizen's policies numbered 1,248,000. Citizens Insurance Board of Governors submitted a 14.2% rate increase on March 31, 2023 effective in November. However, Florida statutes limit rate increases on homesteaded property to 12% per year. [33]
State insurance officials said seven insurers can start assuming the policies Nov. 21. Private Florida property insurers taking about 200,000 homeowner policies from Citizens Skip to main content
Citizens Property Insurance Corp. was established in 2002 to provide coverage to homeowners who are unable to find affordable insurance in the private market. However, the so-called "insurer of ...
Data from Citizens, the state-chartered property insurer of last resort for homeowners who can’t find coverage in Florida’s shaky home insurance market, show the company dropped 2,267 policies ...
Grants of $1,500 — or $2,500 for those 65 and older — could be used to pay for a mortgage loan or homeowners insurance. Floridians could also apply for grants of equal amounts for an auto ...
Citizens, which has now crossed more than 1.4 million policies, has grown too big, too fast and concerns are growing that a major storm in Florida could deplete its ability to pay claims. Citizens ...
Six property insurers will be making property coverage offers to Citizens’ customers for policies effective in December. State approves private insurers to take 153,000 more homeowner policies ...
How policyholders may be affected by the move.