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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.
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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 ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
Florida is grappling with an insurance crisis, as costs nearly triple the national average. Citizens is shedding thousands of policyholders. How could that affect your insurance?
How policyholders may be affected by the move.
Edison Insurance Company is a Florida-based home insurance company that was founded in 2005. ... It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state ...
State regulators have approved proposals by two property insurers to take as many as 26,000 policies from the state-backed Citizens Property Insurance Corp., Florida’s largest home insurer ...