Citizens Property Insurance

State insurance officials have issued orders to protect policyholders impacted by Hurricanes Helene and Milton

Citizens Property Insurance Corporation says it's strong financially, can handle hurricane claims

The hearing is titled “Riskier Business: How Climate is Already Challenging Insurance Markets”

Florida taxpayer-owned Citizens is using unlicensed inspectors in a little-known program that is ramping up inspections, WLRN found. Homeowners and industry insiders call it alarming.

Lawmakers during a special session in December passed wide-ranging changes to try to shore up the insurance market.

State leaders have long sought to move policies out of the state-backed Citizens Property Insurance and into the private market.

Farmers is the latest insurance company to pull out of Florida. The moves leaves tens of thousands of customers facing the daunting task of finding new carriers.

A financial ratings agency says an analysis indicates insured losses from Hurricane Ian could range from $25 billion to $40 billion, putting additional pressure on Florida’s troubled property-insurance market.

State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.

United Property & Casualty Insurance Co. will exit Florida’s troubled homeowners’ insurance market, forcing customers to find new coverage as their policies come up for renewal, the insurer’s parent company announced Thursday.