Citizens Property Insurance

Governor Ron DeSantis has signed a new property insurance bill into law. The goal behind the measure is to cut down on litigation and stop rising insurance rates, but some question whether the changes will benefit consumers.

Governor Ron DeSantis says he will approve A bill that aims to fix Florida’s property insurance market. One change would increase the eligibility threshold for new policyholders to be admitted into the state-backed, Citizens property insurance group.

Citizens Property Insurance is warning if it doesn’t stop writing new policies, it will be back up to insuring close to a quarter of Florida’s housing market. The state-backed company is designed to be used as a last resort for people who can’t find property insurance in the private market. But Barry Gilway warns they’re increasingly becoming the only option.

Citizens Property Insurance says the number of cases involving AOB or assignment of benefits is down. The company credits the decrease to changes made by…

For nearly a decade, homeowners’ insurance companies have been asking the legislature to help them address fraud within the Assignment of Benefits…

House Bill 7065 makes changes to the state’s one-way attorney fees provision when dealing with lawsuits between contractors and property insurance…

On average, Policyholders with the state-backed insurer Citizens Property Insurance could see an 8.2 percent rate hike. Blaise Gainey reports the Florida…

Hurricane Michael left more than 400,000 Floridians without power. The state-backed, Citizens Property insurance company sent more than 50 staff members…

Insurance companies in Florida and home contractors expect to battle over changes to assignment of benefits laws again this session. The rise of lawsuits…

The Citizens Property Insurance Company is regrouping after two hurricanes hit the state. The state-backed insurer is disappointed with the response of…