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The proposal, in part, would lead to an average 13.5 percent rate increase for the most-common type of Citizens policy, known as homeowners’ “multi-peril” coverage. Condominium-unit owners ...
TAMPA, Fla. (WFLA) — Florida homeowners are still grappling with high property insurance rates. There’s now more concern that Citizens could implement a 14 percent rate hike on renewals next year.
With private insurers dropping customers and raising rates, the state-backed Citizens Property Insurance Corp. saw its number of policies increase about 50% in 2022.
Despite concerns about the OIR, "State regulators have approved six property insurers to remove up to 151,000 policies from state-run Citizens Property Insurance Corp. in February [2014]. Florida's Office of Insurance Regulation last month approved First Community Insurance Co. to take out as many as 51,249 Citizens policies, while Safepoint ...
As inflation drives up construction costs and property values, Citizens Property Insurance Corp. has started canceling the policies of some homeowners across Florida because the estimated price of ...
Citizens has asked Florida Office of Insurance Regulation to approve an overall 13.3% premium increase. Citizens property insurer customer count swells, although it’s state insurer of last ...
For the upcoming round of base premiums, the state insurance regulators are reporting that as of mid-November, 24 rate filings show a rate decrease and 46 rate filings show a zero rate increase.
The state’s largest property insurer will present on Sept. 27 average premium hike of 11.5% for homeowners. Citizens cutting planned home insurance rate hike, but still double-digit jump Skip to ...
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