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Despite new state regulations that required homeowners with Citizen's Insurance to also purchase Federal Flood Insurance, June 2023 saw the number of Citizen’s policies balloon past 1.3 million. [35] Two private companies agreed to accept 26,000 Citizens policies in spring 2023.
A report from Weiss Ratings, a Palm Beach Gardens ratings agency, found that the state-backed insurer of last resort closed homeowner claims without a payment 50.4% of the time in 2023.
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 ...
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.
Florida homeowners insurance prices are skyrocketing. Is self-insuring the answer? Who is Edison Insurance? Edison Insurance Company is a Florida-based home insurance company that was founded in 2005.
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 ...
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