Insurance regulators took up a request by Citizens Property Insurance Corp. to raise rates by nearly 11%, as policies continue pouring into the state-backed insurer. The Florida Office of Insurance Regulation held a three-hour hearing on the request, which, if approved, would begin taking effect Aug. 1. It was not immediately clear when regulators will… Continue reading Proposed 11% Rate Hike for Citizens Property Insurance Customers Goes Before Regulators
Tag: Florida troubled homeowners
Florida Senate, House Weigh Options to Address Troubled Insurance Market
With premiums skyrocketing and homeowners flocking to the state-backed Citizens Property Insurance Corp., Florida Senate and House members began advancing proposals to address the troubled insurance market on Wednesday. However, in the coming weeks, the Senate and House will have to reconcile their differences on how far they will go in making changes — especially… Continue reading Florida Senate, House Weigh Options to Address Troubled Insurance Market