Citizens Property Insurance

Sarah Mueller

Insurance companies in Florida and home contractors expect to battle over changes to assignment of benefits laws again this session. The rise of lawsuits where contractors are suing insurance companies to get paid and cover attorney fees has both sides arguing they are the only ones who are protecting the homeowner’s interests.

Hurricane Matthew as seen from the International Space Station on Oct. 3
NASA

The Citizens Property Insurance Company is regrouping after two hurricanes hit the state.  The state-backed insurer is disappointed with the response of independent contractors handling claims adjustment.

Nick Evans

State regulators have approved rate hikes for the Citizens property insurance company.  The state-backed insurer will increase premiums in response to water loss claims.

National Institute for Occupational Safety and Health via wikimedia commons

Florida’s insurance regulators are considering two major rate increases.  The moves would raise rates for workers compensation insurance and property insurance with the state-backed company Citizens.

Florida hasn't seen a hurricane in more than a decade but the state's insurer of last resort is still looking for rate increases.
National Oceanic Atmospheric Administration

State regulators are considering rate hikes for Citizens Property Insurance customers.  The state-backed insurer is pushing for a nearly 7 percent average increase to keep up with water claims.

Citizens Insurance is Florida's state-backed property insurer.
Citizens Property Insurance Corporation

Citizens property insurance—Florida’s state-backed, insurer of last resort—is looking to raise its rates.  Its board is set to vote on the premium hike Wednesday.

Joe's bike shop mechanic Peter Burchell talks impacts of Tropical Storm Fay
LHatter / WFSU News

The state of Florida’s property insurance market is good. That’s according to Florida insurance leaders. But as Florida prepares to enter the 2016 hurricane season, prices are starting to go up, and at least one insurance official is warning of a perfect storm of issues that could hurt the state if a major hurricane hits.

Citizens Insurance is Florida's state-backed property insurer.
Citizens Property Insurance Corporation

Florida’s state-backed property insurance company Citizens is about half the size it was a few years ago, and a spokesman says there’s not much more weight the company can shed.

Nick Evans

Florida Governor Rick Scott has approved a package of consumer-friendly changes for state-backed property insurer Citizens.  Sen. Anitere Flores (R-Miami) sponsored the proposal in this year’s legislative session.

David Sawyer via Flickr

Florida lawmakers are trying again on Citizen’s property insurance reforms after Gov. Rick Scott vetoed last year’s proposal.  The changes would put new restrictions on private companies taking policies out of the state’s insurer of last resort.

Chairs sitting on wet basement floor.
Glen Brown

In an effort to crack down on fraudulent water claims state-backed Citizens Property Insurance is creating a specialized team.