Getting Home Insurance May Be A Beach If You Live Near One
TALLAHASSEE (CBS4) – Homeowners with beachfront property may be unhappy to learn that lawmakers are proposing a bill that will forbid the state’s insurance company from writing policies in certain...
View ArticleProperty Insurance Reform Bill Heads To Fla. Senate
TALLAHASSEE (CBS4) — Another rewrite of the state’s property insurance law is headed to the Senate floor, over continued opposition from consumer advocates. The Senate Rules Committee on Tuesday...
View ArticleS. Fla. Insurance Rates Rise, Citizens Recalculates Cost
MIAMI (CBS4)- Citizens Property Insurance is calculating the costs of rebuilding homes in a new way, and it’s driving up some policyholders’ premiums. Insurance agents report mixed results, with some...
View ArticleNewspaper: Gov. Scott Considering Closing Citizens Insurance
TALLAHASSEE (CBS4) – Florida’s insurance carrier of last resort may be on its last legs if Gov. Rick Scott has his way, according to a published report. The Sarasota Herald-Tribune is reporting that...
View ArticleFla. Senate Property Insurance Package Set For Final Vote
TALLAHASSEE (CBS4) — A sweeping property insurance package is poised for final passage in the Florida Senate after Senators Wednesday gave preliminary approval to a measure (SB 408) that makes a number...
View ArticleFla. Senate Property Insurance Package Passes
TALLAHASSEE (CBS4) — A wide ranging property insurance bill that re-enacts major portions of a bill vetoed by a former governor last year passed the Senate on Thursday over objections from lawmakers in...
View ArticleCitizens Property Chief Wants To Look Into Taking It Private
TALLAHASSEE (CBS4) – South Florida homeowners whose property is covered by state run Citizens Property Insurance take note – the Chairman of the ‘insurer of last resort’ has thrown out the idea of...
View ArticleCitizens Considering Major Sinkhole Rate Hike
MIAMI (CBSMiami.com) – Florida homeowners have battled sinkholes for years. But a move by Citizens could create a giant hole in the wallets of homeowners. According to the News Service of Florida, the...
View ArticleCitizens Insurance Asking For Rate Hike
MIAMI (CBSMiami.com) – Homeowners hoping to continue to keep their homeowners insurance costs down may be out of luck. Citizens Property Insurance is asking to raise rates by a statewide average of 25...
View ArticleCitizens To Raise Rates 6% Next Year
TALLAHASSEE (CBS4) – Home owners who have Citizens Property Insurance will see their rates increase 6.2 percent next year. Florida Insurance Commissioner Kevin McCarty approved the increase, but...
View ArticleFlorida’s Hurricane Fund May Run Short If Disaster Strikes
TALLAHASSEE (CBS4) – If Florida were to experience a major hurricane, the state may not have the funds to pay off all the claims. Ever since Hurricane Andrew slammed into south Miami-Dade nearly 20...
View ArticleCitizens Insurance Approves Rate Increases
TALLAHASSEE (CBSMiami/AP) – South Florida property owners who rely on state run Citizens Property Insurance will be paying more for it next year. At a meeting of Citizens’ board in Orlando, the...
View ArticleFla. Hurricane Fund Has $3.2 Billion Shortfall
TALLAHASSEE (CBSMiami/AP) – There’s a storm brewing over the state of Florida’s hurricane fund which is confronting a potential $3.2 billion shortfall, financial experts said Tuesday in a new estimate...
View ArticleCitizens To Cut 7,500 Coastal Property Policies Next Year
TALLAHASSEE (CBSMiami/AP) – In an effort to shrink their risk during and after the annual hurricane season, Citizens Property Insurance Corp. plans to quit providing coverage to coastal homeowners...
View ArticleScott Questions Citizens Insurance Policy
TALLAHASSEE (CBSMiami.com) – Governor Rick Scott has made no secret of his disdain for Citizens Insurance. Tuesday, he asked the insurer why the state-backed company was offering coverage to people who...
View ArticleGov. Scott Wants Insurance Issues Fixed
TALLAHASSEE (CBSMiami/AP) – As 2011 draws to a close, Gov. Rick Scott wants lawmakers to address a pair of issues that are costing Floridians hundreds of millions of dollars each year. The issue facing...
View ArticleCitizens Insurance May Be Changed By Legislature
TALLAHASSEE, Fla. (CBSMiami) – Citizens Property Insurance, which is backed by the state of Florida, has become the lifeline for property insurance in the state and the target of Governor Rick Scott....
View ArticleCitizens Property Chief To Update Gov. Scott
TALLAHASSEE (CBSMiami/AP) – Governor Rick Scott and Cabinet members will get an update Wednesday on Citizens Property Insurance Corp.’s efforts to shrink their liability risk and size. The update will...
View ArticleLawmakers Urged To Beef Up Hurricane Catastrophe Fund
TALLAHASSEE (CBSMiami/AP) –Florida has dodged a bullet for the six years without a hurricane hitting the state. Now insurance industry experts have urged state lawmakers to beef up the Florida...
View ArticleCitizens Continues Push To Drop Hundreds Of Thousands Of Policies
TALLAHASSEE, Fla. (CBSMiami) – When Governor Rick Scott rode the tea party wave into the governor’s house, he made no secret that one of his main targets to slowly get rid of was Citizens Insurance....
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