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Lexington Insurance Company announced that they will discontinue home insurance, sending another 8,000 property owners to search for a new insurer. Lexington specialized in homes worth $1+ million and Citizens will only insure property values less than $700,000, so Citizens was not an option. [29]
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 ...
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
Tens of thousands of customers of state-owned Citizens Property Insurance Corp. are getting a stunning surprise in their mailboxes. It’s a letter from Citizens’ “Depopulation Unit” stating ...
Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
The number of homeowners insured by Louisiana Citizens has nearly tripled since Hurricane Laura in 2020, indicating the dire state of Louisiana's home insurance market.
Contents insurance is insurance that pays for damage to, theft, or loss of, an individual’s personal possessions at home. Some insurance policies also cover items taken out of the home on holiday. Some insurance policies also cover items taken out of the home on holiday.
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