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Insurance regulators took up a request by Citizens Property Insurance Corp. to raise rates by nearly 11%. The requested increase aims to reduce the gap between the rates of Citizens and private insurers.
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After years of shrinking, the state taxpayer-backed property insurance company Citizens has been growing as private insurers lose money in Florida.
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On average, Policyholders with the state-backed insurer Citizens Property Insurance could see an 8.2 percent rate hike. Blaise Gainey reports the...
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The second largest home insurance company in Florida would have asked state regulators to raise premiums by 25 percent if it could have asked for a hike…
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Continuing to point at “out of control” water damage claims, the Citizens Property Insurance Board of Governors on Tuesday unanimously backed proposed…
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Florida’s Office of Insurance Regulation on Friday approved most of the changes requested by Citizens Property Insurance.
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A "disturbing" rise in water-damage claims in South Florida is driving Citizens Property Insurance Corp. to seek an average 3.2 percent increase in rates…
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Last weekend hurricane Danny strengthened to a Category 3 major storm with winds at 115 mph. It's now down to a tropical depression.While Florida hasn't…